Wall Street brokerages expect that Bright Horizons Family Solutions Inc (NYSE:BFAM) will announce $478.20 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Bright Horizons Family Solutions’ earnings, with estimates ranging from $477.55 million to $478.84 million. Bright Horizons Family Solutions reported sales of $439.88 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The business is scheduled to issue its next earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full year sales of $1.90 billion for the current fiscal year. For the next financial year, analysts forecast that the firm will post sales of $2.06 billion, with estimates ranging from $2.05 billion to $2.07 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, November 1st. The company reported $0.73 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. Bright Horizons Family Solutions had a net margin of 8.73% and a return on equity of 22.55%. The company had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $471.85 million. During the same quarter last year, the business earned $0.62 EPS. The business’s revenue was up 8.9% on a year-over-year basis.

A number of brokerages have recently issued reports on BFAM. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. BMO Capital Markets cut their price target on shares of Bright Horizons Family Solutions from $123.00 to $120.00 and set a “market perform” rating for the company in a report on Tuesday, November 6th. Bank of America began coverage on shares of Bright Horizons Family Solutions in a report on Tuesday, October 23rd. They issued a “neutral” rating and a $118.00 price target for the company. JPMorgan Chase & Co. increased their price target on shares of Bright Horizons Family Solutions from $121.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Finally, Barclays increased their price target on shares of Bright Horizons Family Solutions from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $113.36.

Shares of BFAM traded down $3.00 during trading hours on Wednesday, reaching $116.26. The company had a trading volume of 207,128 shares, compared to its average volume of 242,899. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $6.93 billion, a PE ratio of 45.59, a P/E/G ratio of 3.35 and a beta of 0.23. Bright Horizons Family Solutions has a 12-month low of $90.74 and a 12-month high of $123.93.

In other Bright Horizons Family Solutions news, CEO Stephen Howard Kramer sold 3,500 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $115.05, for a total transaction of $402,675.00. Following the completion of the transaction, the chief executive officer now directly owns 98,400 shares in the company, valued at approximately $11,320,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Ann Tocio sold 7,500 shares of the firm’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $117.21, for a total transaction of $879,075.00. Following the transaction, the director now owns 69,043 shares of the company’s stock, valued at $8,092,530.03. The disclosure for this sale can be found here. Insiders sold a total of 53,845 shares of company stock valued at $6,435,098 in the last quarter. Insiders own 2.20% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Harvest Fund Management Co. Ltd purchased a new stake in shares of Bright Horizons Family Solutions during the third quarter worth about $147,000. First Hawaiian Bank purchased a new stake in shares of Bright Horizons Family Solutions during the third quarter worth about $158,000. Advisors Asset Management Inc. grew its holdings in shares of Bright Horizons Family Solutions by 1,829.1% during the second quarter. Advisors Asset Management Inc. now owns 9,414 shares of the company’s stock worth $171,000 after buying an additional 8,926 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Bright Horizons Family Solutions by 104.4% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,860 shares of the company’s stock worth $191,000 after buying an additional 950 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of Bright Horizons Family Solutions during the third quarter worth about $200,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

About Bright Horizons Family Solutions

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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