Brokerages expect that Bright Horizons Family Solutions Inc (NYSE:BFAM) will report sales of $443.58 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Bright Horizons Family Solutions’ earnings, with the lowest sales estimate coming in at $443.08 million and the highest estimate coming in at $444.08 million. Bright Horizons Family Solutions posted sales of $402.05 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.3%. The company is expected to issue its next quarterly earnings results on Wednesday, August 2nd.

On average, analysts expect that Bright Horizons Family Solutions will report full-year sales of $443.58 million for the current fiscal year, with estimates ranging from $1.74 billion to $1.75 billion. For the next year, analysts forecast that the firm will post sales of $1.87 billion per share, with estimates ranging from $1.86 billion to $1.88 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. Bright Horizons Family Solutions had a net margin of 6.04% and a return on equity of 17.57%. The company had revenue of $422 million during the quarter, compared to the consensus estimate of $422.32 million. During the same period in the prior year, the company earned $0.51 EPS. Bright Horizons Family Solutions’s revenue was up 9.5% on a year-over-year basis.

A number of brokerages recently commented on BFAM. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Tuesday, May 9th. BMO Capital Markets restated a “hold” rating and set a $83.00 target price on shares of Bright Horizons Family Solutions in a report on Friday, May 5th. Credit Suisse Group AG cut Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $80.00 to $83.00 in a report on Friday, May 12th. They noted that the move was a valuation call. William Blair restated a “market perform” rating on shares of Bright Horizons Family Solutions in a report on Friday, February 10th. Finally, Royal Bank of Canada set a $78.00 target price on Bright Horizons Family Solutions and gave the stock a “buy” rating in a report on Saturday, January 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Bright Horizons Family Solutions has an average rating of “Buy” and a consensus target price of $80.29.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) opened at 76.23 on Friday. The firm has a 50-day moving average of $74.91 and a 200-day moving average of $70.94. The firm has a market capitalization of $4.56 billion, a P/E ratio of 41.70 and a beta of 0.16. Bright Horizons Family Solutions has a one year low of $59.00 and a one year high of $81.23.

In other news, CFO Elizabeth J. Boland sold 3,806 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $68.74, for a total transaction of $261,624.44. Following the transaction, the chief financial officer now owns 132,048 shares in the company, valued at approximately $9,076,979.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Ann Tocio sold 25,466 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $79.25, for a total value of $2,018,180.50. Following the transaction, the director now owns 59,336 shares in the company, valued at approximately $4,702,378. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,247,194 shares of company stock worth $336,034,296. Company insiders own 4.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in BFAM. Vanguard Group Inc. boosted its position in Bright Horizons Family Solutions by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,478,240 shares of the company’s stock valued at $252,138,000 after buying an additional 153,726 shares during the period. BlackRock Inc. boosted its position in Bright Horizons Family Solutions by 73,144.9% in the first quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock valued at $198,843,000 after buying an additional 2,739,278 shares during the period. TimesSquare Capital Management LLC boosted its position in Bright Horizons Family Solutions by 5.7% in the third quarter. TimesSquare Capital Management LLC now owns 2,237,989 shares of the company’s stock valued at $149,699,000 after buying an additional 121,360 shares during the period. Wells Fargo & Company MN boosted its position in Bright Horizons Family Solutions by 11.3% in the first quarter. Wells Fargo & Company MN now owns 1,745,902 shares of the company’s stock valued at $126,561,000 after buying an additional 176,751 shares during the period. Finally, Brown Advisory Inc. boosted its position in Bright Horizons Family Solutions by 7.2% in the fourth quarter. Brown Advisory Inc. now owns 1,016,337 shares of the company’s stock valued at $71,164,000 after buying an additional 68,335 shares during the period. Institutional investors and hedge funds own 99.98% of the company’s stock.

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About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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