$1.18 Billion in Sales Expected for Brookdale Senior Living Inc. (BKD) This Quarter
Brokerages expect that Brookdale Senior Living Inc. (NYSE:BKD) will post $1.18 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Brookdale Senior Living’s earnings. Brookdale Senior Living reported sales of $1.25 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.6%. The company is expected to announce its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Brookdale Senior Living will report full-year sales of $1.18 billion for the current financial year, with estimates ranging from $4.73 billion to $4.76 billion. For the next year, analysts forecast that the company will post sales of $4.72 billion per share, with estimates ranging from $4.70 billion to $4.75 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Monday, August 7th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.79. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Brookdale Senior Living had a negative net margin of 10.14% and a positive return on equity of 6.00%. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) earnings per share.
A number of equities analysts have issued reports on BKD shares. BidaskClub lowered Brookdale Senior Living from a “sell” rating to a “strong sell” rating in a research report on Saturday. Zacks Investment Research lowered Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Brookdale Senior Living in a research report on Tuesday, May 2nd. Stifel Nicolaus cut their target price on Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, August 8th. Finally, ValuEngine lowered Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $18.29.
Large investors have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd purchased a new stake in Brookdale Senior Living during the second quarter valued at about $101,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Brookdale Senior Living by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company’s stock valued at $102,000 after buying an additional 761 shares in the last quarter. Opera Trading Capital purchased a new stake in Brookdale Senior Living during the second quarter valued at about $110,000. Terra Nova Asset Management LLC purchased a new stake in Brookdale Senior Living during the first quarter valued at about $134,000. Finally, Highbridge Capital Management LLC purchased a new stake in Brookdale Senior Living during the fourth quarter valued at about $148,000.
Shares of Brookdale Senior Living (BKD) traded down 0.24% during trading on Tuesday, reaching $12.58. 865,275 shares of the company’s stock traded hands. The company has a 50 day moving average price of $13.99 and a 200 day moving average price of $13.83. Brookdale Senior Living has a 1-year low of $10.65 and a 1-year high of $18.34. The stock’s market capitalization is $2.34 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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