Bright Horizons Family Solutions Inc. (NYSE:BFAM) Expected to Post Quarterly Sales of $432.41 Million

Analysts expect Bright Horizons Family Solutions Inc. (NYSE:BFAM) to post sales of $432.41 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bright Horizons Family Solutions’ earnings, with estimates ranging from $429.30 million to $435.52 million. Bright Horizons Family Solutions posted sales of $293.77 million in the same quarter last year, which suggests a positive year-over-year growth rate of 47.2%. The firm is expected to announce its next quarterly earnings report on Wednesday, August 4th.

On average, analysts expect that Bright Horizons Family Solutions will report full year sales of $1.85 billion for the current financial year, with estimates ranging from $1.80 billion to $1.93 billion. For the next year, analysts anticipate that the company will post sales of $2.21 billion, with estimates ranging from $2.09 billion to $2.46 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Tuesday, February 16th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.79. Bright Horizons Family Solutions had a net margin of 4.35% and a return on equity of 10.63%. The company had revenue of $377.08 million during the quarter, compared to analyst estimates of $336.48 million.

Several research firms have recently weighed in on BFAM. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating and cut their target price for the company from $180.00 to $170.00 in a report on Monday, May 10th. Jefferies Financial Group lifted their target price on shares of Bright Horizons Family Solutions from $210.00 to $215.00 in a report on Thursday, March 18th. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Friday. BMO Capital Markets cut their target price on shares of Bright Horizons Family Solutions from $168.00 to $158.00 and set a “market perform” rating for the company in a report on Friday, May 7th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $150.00 target price on shares of Bright Horizons Family Solutions in a report on Tuesday, April 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $173.38.

Shares of NYSE:BFAM traded up $2.52 during trading on Thursday, hitting $134.91. 608,063 shares of the stock traded hands, compared to its average volume of 405,869. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.83. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 109.68, a P/E/G ratio of 9.45 and a beta of 0.83. The company has a fifty day moving average price of $159.09 and a two-hundred day moving average price of $163.71. Bright Horizons Family Solutions has a 52-week low of $99.01 and a 52-week high of $182.50.

In other Bright Horizons Family Solutions news, Director David H. Lissy sold 24,890 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $181.05, for a total transaction of $4,506,334.50. Following the sale, the director now owns 208,617 shares of the company’s stock, valued at approximately $37,770,107.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Mary Lou Burke sold 370 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $180.33, for a total transaction of $66,722.10. Following the sale, the chief operating officer now directly owns 30,746 shares in the company, valued at approximately $5,544,426.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,696 shares of company stock worth $8,037,730. 1.60% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in BFAM. Perigon Wealth Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the 4th quarter valued at about $25,000. Rockefeller Capital Management L.P. boosted its position in shares of Bright Horizons Family Solutions by 249.0% during the 1st quarter. Rockefeller Capital Management L.P. now owns 178 shares of the company’s stock valued at $30,000 after acquiring an additional 127 shares during the last quarter. First Bank & Trust boosted its position in shares of Bright Horizons Family Solutions by 179.7% during the 4th quarter. First Bank & Trust now owns 193 shares of the company’s stock valued at $33,000 after acquiring an additional 124 shares during the last quarter. Arlington Partners LLC acquired a new position in shares of Bright Horizons Family Solutions during the 1st quarter valued at about $43,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Bright Horizons Family Solutions during the 1st quarter valued at about $52,000.

Bright Horizons Family Solutions Company Profile

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

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