Brookdale Senior Living, Inc. (BKD) Expected to Announce Quarterly Sales of $1.17 Billion
Wall Street brokerages expect that Brookdale Senior Living, Inc. (NYSE:BKD) will post $1.17 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Brookdale Senior Living’s earnings. The highest sales estimate is $1.18 billion and the lowest is $1.16 billion. Brookdale Senior Living posted sales of $1.21 billion during the same quarter last year, which would suggest a negative year over year growth rate of 3.3%. The firm is expected to issue its next earnings results on Monday, February 12th.
According to Zacks, analysts expect that Brookdale Senior Living will report full year sales of $1.17 billion for the current year, with estimates ranging from $4.74 billion to $4.76 billion. For the next fiscal year, analysts forecast that the business will post sales of $4.64 billion per share, with estimates ranging from $4.50 billion to $4.77 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Brookdale Senior Living.
Several equities analysts have commented on BKD shares. Jefferies Group set a $14.00 price target on Brookdale Senior Living and gave the company a “buy” rating in a report on Friday, October 20th. Zacks Investment Research downgraded Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Royal Bank of Canada reduced their price objective on Brookdale Senior Living from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. Stephens set a $16.00 price objective on Brookdale Senior Living and gave the company a “buy” rating in a research report on Monday, November 20th. Finally, Stifel Nicolaus reduced their price objective on Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.60.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Merriman Wealth Management LLC bought a new position in Brookdale Senior Living in the third quarter worth $108,000. Dorsey & Whitney Trust CO LLC bought a new position in Brookdale Senior Living in the third quarter worth $122,000. EP Wealth Advisors LLC bought a new position in Brookdale Senior Living in the second quarter worth $148,000. State of Alaska Department of Revenue bought a new position in Brookdale Senior Living in the fourth quarter worth $148,000. Finally, Nine Chapters Capital Management LLC bought a new position in Brookdale Senior Living in the third quarter worth $171,000. 99.31% of the stock is owned by institutional investors.
About Brookdale Senior Living
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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