Analysts Expect Brookdale Senior Living, Inc. (BKD) Will Post Earnings of -$0.27 Per Share
Brokerages predict that Brookdale Senior Living, Inc. (NYSE:BKD) will report ($0.27) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Brookdale Senior Living’s earnings, with estimates ranging from ($0.30) to ($0.25). Brookdale Senior Living reported earnings of ($0.26) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.8%. The business is expected to report its next quarterly earnings report on Monday, August 5th.
According to Zacks, analysts expect that Brookdale Senior Living will report full year earnings of ($1.17) per share for the current fiscal year, with EPS estimates ranging from ($1.53) to ($1.00). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.99) per share, with EPS estimates ranging from ($1.22) to ($0.80). Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.10. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. Brookdale Senior Living had a negative return on equity of 18.06% and a negative net margin of 2.59%. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($2.45) EPS.
In related news, Director Denise Wilder Warren bought 5,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was acquired at an average price of $6.56 per share, for a total transaction of $32,800.00. Following the purchase, the director now directly owns 24,401 shares in the company, valued at $160,070.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of BKD. Pinnacle Associates Ltd. purchased a new stake in shares of Brookdale Senior Living in the 1st quarter valued at about $66,000. Camelot Portfolios LLC purchased a new stake in shares of Brookdale Senior Living in the 4th quarter valued at about $67,000. Blueshift Asset Management LLC purchased a new stake in shares of Brookdale Senior Living in the 4th quarter valued at about $69,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Brookdale Senior Living in the 4th quarter valued at about $73,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Brookdale Senior Living in the 1st quarter valued at about $80,000. Institutional investors and hedge funds own 92.33% of the company’s stock.
Shares of BKD stock remained flat at $$6.18 on Tuesday. The stock had a trading volume of 2,340,744 shares, compared to its average volume of 2,477,198. The company has a debt-to-equity ratio of 5.92, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $1.15 billion, a P/E ratio of -3.11 and a beta of 1.64. Brookdale Senior Living has a 12 month low of $5.98 and a 12 month high of $10.10.
About Brookdale Senior Living
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.
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