Zacks: Brokerages Anticipate Bright Horizons Family Solutions (BFAM) Will Post Quarterly Sales of $487.69 Million

Brokerages expect Bright Horizons Family Solutions (NYSE:BFAM) to report sales of $487.69 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bright Horizons Family Solutions’ earnings, with estimates ranging from $485.57 million to $489.80 million. Bright Horizons Family Solutions posted sales of $445.55 million during the same quarter last year, which suggests a positive year-over-year growth rate of 9.5%. The company is scheduled to report its next earnings report on Tuesday, August 7th.

On average, analysts expect that Bright Horizons Family Solutions will report full-year sales of $1.91 billion for the current fiscal year, with estimates ranging from $1.90 billion to $1.91 billion. For the next financial year, analysts expect that the company will post sales of $2.05 billion per share, with estimates ranging from $2.04 billion to $2.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Monday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. Bright Horizons Family Solutions had a net margin of 8.58% and a return on equity of 21.28%. The company had revenue of $463.66 million during the quarter, compared to the consensus estimate of $461.15 million. During the same period in the previous year, the firm earned $0.61 earnings per share. Bright Horizons Family Solutions’s revenue for the quarter was up 9.8% on a year-over-year basis.

Several research firms have issued reports on BFAM. Goldman Sachs Group began coverage on shares of Bright Horizons Family Solutions in a research note on Tuesday, March 27th. They set a “neutral” rating and a $104.00 price objective for the company. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Monday, March 26th. ValuEngine upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Royal Bank of Canada downgraded shares of Bright Horizons Family Solutions from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $95.00 to $98.00 in a research note on Tuesday, April 3rd. They noted that the move was a valuation call. Finally, Citigroup boosted their price objective on shares of Bright Horizons Family Solutions from $107.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, May 4th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $103.73.

BFAM traded up $0.46 during trading on Friday, hitting $106.23. 313,383 shares of the company’s stock were exchanged, compared to its average volume of 270,844. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.42. Bright Horizons Family Solutions has a 1 year low of $75.65 and a 1 year high of $106.24. The company has a market cap of $5.96 billion, a P/E ratio of 41.66, a P/E/G ratio of 2.32 and a beta of 0.08.

In related news, Director Mary Ann Tocio sold 3,600 shares of the company’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $92.55, for a total value of $333,180.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Mary Lou Burke sold 250 shares of the company’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $105.00, for a total transaction of $26,250.00. Following the completion of the sale, the chief operating officer now directly owns 29,846 shares in the company, valued at $3,133,830. The disclosure for this sale can be found here. Insiders sold 158,113 shares of company stock valued at $16,058,568 over the last 90 days. Insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BFAM. SG Americas Securities LLC acquired a new stake in Bright Horizons Family Solutions in the first quarter valued at $102,000. American International Group Inc. acquired a new stake in Bright Horizons Family Solutions in the fourth quarter valued at $120,000. Quantbot Technologies LP raised its holdings in Bright Horizons Family Solutions by 243.6% in the first quarter. Quantbot Technologies LP now owns 1,412 shares of the company’s stock valued at $140,000 after acquiring an additional 1,001 shares in the last quarter. We Are One Seven LLC acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $167,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Bright Horizons Family Solutions by 61.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,953 shares of the company’s stock worth $195,000 after purchasing an additional 742 shares during the period. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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