Equities research analysts forecast that Bright Horizons Family Solutions Inc (NYSE:BFAM) will report $531.35 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Bright Horizons Family Solutions’ earnings, with the lowest sales estimate coming in at $530.10 million and the highest estimate coming in at $532.60 million. Bright Horizons Family Solutions posted sales of $489.70 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.5%. The company is expected to announce its next quarterly earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full-year sales of $2.07 billion for the current fiscal year, with estimates ranging from $2.06 billion to $2.07 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.24 billion, with estimates ranging from $2.23 billion to $2.24 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The firm had revenue of $501.76 million during the quarter, compared to the consensus estimate of $497.24 million. Bright Horizons Family Solutions had a return on equity of 23.38% and a net margin of 8.38%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.72 EPS.

A number of analysts recently issued reports on BFAM shares. Citigroup raised their price objective on Bright Horizons Family Solutions from $117.00 to $126.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Bank of America restated a “neutral” rating and set a $123.00 target price (up from $115.00) on shares of Bright Horizons Family Solutions in a report on Wednesday, February 13th. BMO Capital Markets raised their target price on Bright Horizons Family Solutions from $120.00 to $122.00 and gave the company a “market perform” rating in a report on Wednesday, February 13th. ValuEngine upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Finally, Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $146.00 target price for the company in a report on Monday, May 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $127.00.

Shares of NYSE:BFAM traded down $0.02 during midday trading on Wednesday, reaching $134.19. 210,842 shares of the company’s stock were exchanged, compared to its average volume of 182,187. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 44.29, a PEG ratio of 3.73 and a beta of 0.33. Bright Horizons Family Solutions has a fifty-two week low of $98.87 and a fifty-two week high of $135.18.

In other news, CEO Stephen Howard Kramer sold 4,000 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $123.13, for a total value of $492,520.00. Following the completion of the transaction, the chief executive officer now owns 90,949 shares in the company, valued at approximately $11,198,550.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David H. Lissy sold 37,673 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $124.68, for a total value of $4,697,069.64. Following the completion of the transaction, the chairman now owns 325,995 shares of the company’s stock, valued at approximately $40,645,056.60. The disclosure for this sale can be found here. Insiders sold a total of 74,070 shares of company stock valued at $9,268,785 in the last quarter. Company insiders own 1.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quantamental Technologies LLC lifted its stake in Bright Horizons Family Solutions by 6.2% during the first quarter. Quantamental Technologies LLC now owns 1,709 shares of the company’s stock worth $217,000 after purchasing an additional 100 shares during the last quarter. Security Asset Management lifted its stake in Bright Horizons Family Solutions by 0.7% during the first quarter. Security Asset Management now owns 14,640 shares of the company’s stock worth $1,861,000 after purchasing an additional 100 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Bright Horizons Family Solutions by 5.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 2,016 shares of the company’s stock worth $225,000 after purchasing an additional 108 shares during the last quarter. Utah Retirement Systems lifted its stake in Bright Horizons Family Solutions by 1.1% during the first quarter. Utah Retirement Systems now owns 10,769 shares of the company’s stock worth $1,368,000 after purchasing an additional 122 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in Bright Horizons Family Solutions by 6.2% during the fourth quarter. D.A. Davidson & CO. now owns 2,285 shares of the company’s stock worth $255,000 after purchasing an additional 133 shares during the last quarter. Institutional investors and hedge funds own 97.81% of the company’s stock.

About Bright Horizons Family Solutions

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

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