FY2016 Earnings Forecast for Brookdale Senior Living Inc. Issued By Jefferies Group (BKD)
Brookdale Senior Living Inc. (NYSE:BKD) – Investment analysts at Jefferies Group dropped their FY2016 earnings per share (EPS) estimates for shares of Brookdale Senior Living in a report released on Monday. Jefferies Group analyst B. Tanquilut now anticipates that the firm will post earnings per share of $2.51 for the year, down from their previous estimate of $2.54. Jefferies Group has a “Buy” rating and a $29.00 price objective on the stock.
Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.59 by $0.78. Brookdale Senior Living had a positive return on equity of 10.13% and a negative net margin of 6.54%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted ($0.46) earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year.
Other equities analysts have also recently issued reports about the stock. Barclays PLC cut their target price on shares of Brookdale Senior Living from $28.00 to $21.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 1st. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, JMP Securities cut their target price on shares of Brookdale Senior Living from $30.00 to $29.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 24th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $24.83.
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Brookdale Senior Living (NYSE:BKD) traded down 1.13% during mid-day trading on Wednesday, hitting $17.48. 897,414 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $17.27 and a 200 day moving average of $17.08. Brookdale Senior Living has a 52 week low of $11.28 and a 52 week high of $26.48. The stock’s market capitalization is $3.25 billion.
Large investors have recently bought and sold shares of the company. Independent Portfolio Consultants Inc. purchased a new stake in Brookdale Senior Living during the second quarter valued at $151,000. Janus Capital Management LLC purchased a new stake in Brookdale Senior Living during the second quarter valued at $168,000. Cahill Financial Advisors Inc. purchased a new stake in Brookdale Senior Living during the second quarter valued at $170,000. Quantitative Systematic Strategies LLC purchased a new stake in Brookdale Senior Living during the second quarter valued at $180,000. Finally, Bank of Hawaii purchased a new stake in Brookdale Senior Living during the second quarter valued at $187,000.
Brookdale Senior Living Company Profile
Brookdale Senior Living Inc is engaged in the operation of senior living communities in the United States. The Company has five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services, and Management Services. Its Retirement Centers segment includes owned or leased communities that are designed for middle to upper income seniors.
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