Bright Horizons Family Solutions Inc. (NYSE:BFAM) announced its quarterly earnings results on Wednesday. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05, Bloomberg Earnings reports. The firm had revenue of $433.30 million for the quarter, compared to analyst estimates of $429.36 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 20.16%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. Bright Horizons Family Solutions updated its FY17 guidance to +22% yo $2.63 EPS.

Several equities research analysts have recently weighed in on the stock. Credit Suisse Group upped their target price on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday. BMO Capital Markets upped their target price on shares of Bright Horizons Family Solutions from $85.00 to $90.00 and gave the stock a “market perform” rating in a report on Thursday. BidaskClub lowered shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Barclays PLC upped their target price on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $87.83.

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 10,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $82.33, for a total value of $823,300.00. Following the transaction, the chief financial officer now owns 150,717 shares in the company, valued at $12,408,530.61. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Elizabeth J. Boland sold 19,681 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $85.16, for a total value of $1,676,033.96. Following the completion of the transaction, the chief financial officer now owns 152,977 shares in the company, valued at approximately $13,027,521.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,444 shares of company stock valued at $6,516,524. 2.90% of the stock is owned by insiders.

COPYRIGHT VIOLATION WARNING: This news story was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be accessed at https://www.watchlistnews.com/bright-horizons-family-solutions-inc-bfam-announces-quarterly-earnings-results/1675216.html.

Bright Horizons Family Solutions Company Profile

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.

Earnings History for Bright Horizons Family Solutions (NYSE:BFAM)

Receive News & Ratings for Bright Horizons Family Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.