$457.71 Million in Sales Expected for Bright Horizons Family Solutions Inc (BFAM) This Quarter

Analysts expect Bright Horizons Family Solutions Inc (NYSE:BFAM) to announce sales of $457.71 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Bright Horizons Family Solutions’ earnings. The lowest sales estimate is $457.44 million and the highest is $457.98 million. Bright Horizons Family Solutions reported sales of $422.16 million during the same quarter last year, which indicates a positive year over year growth rate of 8.4%. The company is scheduled to report its next earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full-year sales of $457.71 million for the current fiscal year, with estimates ranging from $1.89 billion to $1.90 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.05 billion per share, with estimates ranging from $2.03 billion to $2.06 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Thursday, February 8th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.04. Bright Horizons Family Solutions had a return on equity of 20.75% and a net margin of 9.02%. The business had revenue of $440.00 million for the quarter, compared to analyst estimates of $438.99 million. During the same quarter last year, the firm earned $0.56 EPS. Bright Horizons Family Solutions’s revenue for the quarter was up 10.4% compared to the same quarter last year.

A number of brokerages recently issued reports on BFAM. Royal Bank of Canada reissued a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Friday, February 9th. Credit Suisse Group lifted their target price on Bright Horizons Family Solutions from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Robert W. Baird reissued a “hold” rating on shares of Bright Horizons Family Solutions in a research report on Friday, November 3rd. BMO Capital Markets reissued a “hold” rating and issued a $98.00 target price on shares of Bright Horizons Family Solutions in a research report on Wednesday, January 17th. Finally, Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Tuesday, November 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $100.13.

In other Bright Horizons Family Solutions news, EVP Stephen I. Dreier sold 1,141 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $94.00, for a total value of $107,254.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $98.00, for a total value of $98,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,774 shares of company stock valued at $4,864,477. Corporate insiders own 2.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System grew its stake in Bright Horizons Family Solutions by 4.1% in the second quarter. California State Teachers Retirement System now owns 90,101 shares of the company’s stock valued at $6,957,000 after purchasing an additional 3,583 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Bright Horizons Family Solutions by 244.6% during the 3rd quarter. First Trust Advisors LP now owns 40,831 shares of the company’s stock worth $3,520,000 after acquiring an additional 28,982 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Bright Horizons Family Solutions by 11.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 290,698 shares of the company’s stock worth $27,326,000 after acquiring an additional 29,775 shares during the period. Lord Abbett & CO. LLC bought a new position in shares of Bright Horizons Family Solutions during the 2nd quarter worth approximately $11,999,000. Finally, Seatown Holdings Pte. Ltd. bought a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $1,035,000. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Shares of Bright Horizons Family Solutions (NYSE BFAM) traded up $0.49 during trading on Tuesday, reaching $96.46. The company had a trading volume of 186,248 shares, compared to its average volume of 203,074. Bright Horizons Family Solutions has a 1-year low of $68.11 and a 1-year high of $98.84. The firm has a market cap of $5,733.40, a price-to-earnings ratio of 37.91, a PEG ratio of 2.20 and a beta of 0.15. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49.

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About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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