Zacks: Brokerages Anticipate Brookdale Senior Living Inc. (BKD) Will Post Quarterly Sales of $1.16 Billion
Equities research analysts expect Brookdale Senior Living Inc. (NYSE:BKD) to post $1.16 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Brookdale Senior Living’s earnings, with the highest sales estimate coming in at $1.21 billion and the lowest estimate coming in at $1.10 billion. Brookdale Senior Living reported sales of $1.26 billion during the same quarter last year, which indicates a negative year over year growth rate of 7.9%. The company is scheduled to report its next earnings results on Monday, August 14th.
On average, analysts expect that Brookdale Senior Living will report full-year sales of $1.16 billion for the current year, with estimates ranging from $4.49 billion to $4.75 billion. For the next financial year, analysts forecast that the business will report sales of $4.59 billion per share, with estimates ranging from $4.44 billion to $4.74 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Monday, May 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate 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 company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share.
Several brokerages recently weighed in on BKD. BidaskClub lowered Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered Brookdale Senior Living from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Jefferies Group LLC restated a “buy” rating and issued a $16.50 price target on shares of Brookdale Senior Living in a research note on Friday, July 14th. Finally, ValuEngine lowered Brookdale Senior Living from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $18.86.
Brookdale Senior Living (BKD) opened at 14.20 on Thursday. The company’s market capitalization is $2.64 billion. The stock’s 50 day moving average price is $14.54 and its 200-day moving average price is $14.05. Brookdale Senior Living has a one year low of $10.65 and a one year high of $18.62.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Paulson & CO. Inc. bought a new position in shares of Brookdale Senior Living during the first quarter valued at $67,707,000. Brookfield Asset Management Inc. boosted its position in shares of Brookdale Senior Living by 34.5% in the fourth quarter. Brookfield Asset Management Inc. now owns 11,551,213 shares of the company’s stock valued at $143,466,000 after buying an additional 2,963,898 shares in the last quarter. Wellington Management Group LLP boosted its position in Brookdale Senior Living by 125.2% in the first quarter. Wellington Management Group LLP now owns 5,241,746 shares of the company’s stock worth $70,398,000 after buying an additional 2,914,451 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Brookdale Senior Living by 53.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,136,576 shares of the company’s stock worth $95,843,000 after buying an additional 2,475,820 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in Brookdale Senior Living by 176.0% in the first quarter. Macquarie Group Ltd. now owns 2,649,529 shares of the company’s stock worth $35,583,000 after buying an additional 1,689,610 shares in the last quarter.
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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