Equities research analysts expect Bright Horizons Family Solutions Inc. (NYSE:BFAM) to report sales of $427.53 million for the current quarter, according to Zacks. Three analysts have issued estimates for Bright Horizons Family Solutions’ earnings, with estimates ranging from $424.89 million to $430.42 million. Bright Horizons Family Solutions reported sales of $383.93 million during the same quarter last year, which would suggest a positive year over year growth rate of 11.4%. The company is expected to issue its next quarterly earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full-year sales of $427.53 million for the current year, with estimates ranging from $1.73 billion to $1.74 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.87 billion per share, with estimates ranging from $1.87 billion to $1.88 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The company had revenue of $445.55 million for the quarter, compared to analysts’ expectations of $443.90 million. Bright Horizons Family Solutions had a return on equity of 19.19% and a net margin of 6.91%. Bright Horizons Family Solutions’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share.

A number of research firms recently weighed in on BFAM. BMO Capital Markets reissued a “hold” rating and issued a $83.00 price objective on shares of Bright Horizons Family Solutions in a research report on Monday, May 15th. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Friday, August 4th. Citigroup Inc. began coverage on shares of Bright Horizons Family Solutions in a research report on Tuesday, July 18th. They issued a “buy” rating and a $90.00 price objective on the stock. BidaskClub lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Bright Horizons Family Solutions has an average rating of “Buy” and an average price target of $84.00.

In other news, CAO Mandy Berman sold 3,699 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $75.94, for a total transaction of $280,902.06. Following the transaction, the chief accounting officer now directly owns 16,125 shares in the company, valued at $1,224,532.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $79.98, for a total transaction of $79,980.00. Following the transaction, the chief operating officer now owns 32,266 shares in the company, valued at $2,580,634.68. The disclosure for this sale can be found here. Insiders sold a total of 67,128 shares of company stock worth $5,244,690 over the last 90 days. Insiders own 2.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC bought a new position in shares of Bright Horizons Family Solutions during the second quarter valued at approximately $11,999,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Bright Horizons Family Solutions during the second quarter valued at approximately $239,000. Public Employees Retirement System of Ohio boosted its stake in shares of Bright Horizons Family Solutions by 78.2% during the second quarter. Public Employees Retirement System of Ohio now owns 51,737 shares of the company’s stock valued at $3,995,000 after purchasing an additional 22,702 shares in the last quarter. 1st Global Advisors Inc. boosted its stake in shares of Bright Horizons Family Solutions by 1.1% during the second quarter. 1st Global Advisors Inc. now owns 7,187 shares of the company’s stock valued at $555,000 after purchasing an additional 75 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its stake in shares of Bright Horizons Family Solutions by 366.3% during the second quarter. Susquehanna International Group LLP now owns 142,194 shares of the company’s stock valued at $10,979,000 after purchasing an additional 111,701 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Shares of Bright Horizons Family Solutions (NYSE BFAM) opened at 79.22 on Monday. The company has a 50 day moving average price of $79.42 and a 200 day moving average price of $75.68. The company has a market capitalization of $4.69 billion, a PE ratio of 42.27 and a beta of 0.13. Bright Horizons Family Solutions has a 1-year low of $59.00 and a 1-year high of $82.00.

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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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