Zacks: Analysts Expect Brookdale Senior Living Inc. (BKD) Will Post Earnings of $0.56 Per Share
Equities research analysts forecast that Brookdale Senior Living Inc. (NYSE:BKD) will post earnings per share (EPS) of $0.56 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Brookdale Senior Living’s earnings. Brookdale Senior Living posted earnings per share of $0.66 in the same quarter last year, which would suggest a negative year over year growth rate of 15.2%. The company is expected to report its next earnings results on Monday, August 14th.
According to Zacks, analysts expect that Brookdale Senior Living will report full year earnings of $2.04 per share for the current fiscal year. For the next year, analysts anticipate that the business will post earnings of $2.16 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last released its earnings results on Monday, May 8th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.07. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. Brookdale Senior Living had a positive return on equity of 13.22% and a negative net margin of 9.77%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 earnings per share.
A number of research firms have recently commented on BKD. Jefferies Group LLC upgraded Brookdale Senior Living from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $16.50 in a research note on Monday, March 27th. ValuEngine downgraded Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Finally, BidaskClub downgraded Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $18.86.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Opera Trading Capital bought a new position in Brookdale Senior Living during the second quarter valued at $110,000. Terra Nova Asset Management LLC bought a new position in Brookdale Senior Living during the first quarter valued at $134,000. Quantitative Systematic Strategies LLC bought a new position in Brookdale Senior Living during the second quarter valued at $169,000. Oppenheimer Asset Management Inc. bought a new position in Brookdale Senior Living during the first quarter valued at $159,000. Finally, Highbridge Capital Management LLC bought a new position in Brookdale Senior Living during the fourth quarter valued at $148,000.
Brookdale Senior Living (NYSE:BKD) traded up 1.47% during midday trading on Tuesday, hitting $14.54. The stock had a trading volume of 1,997,658 shares. The company’s 50-day moving average price is $14.53 and its 200 day moving average price is $14.03. Brookdale Senior Living has a 12-month low of $10.65 and a 12-month high of $18.62. The stock’s market cap is $2.71 billion.
Brookdale Senior Living Company Profile
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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