Zacks: Analysts Anticipate Brookdale Senior Living Inc. (BKD) Will Announce Quarterly Sales of $1.18 Billion
Wall Street brokerages expect Brookdale Senior Living Inc. (NYSE:BKD) to report sales of $1.18 billion for the current quarter, Zacks reports. Two analysts have provided estimates for Brookdale Senior Living’s earnings. Brookdale Senior Living posted sales of $1.25 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.6%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Brookdale Senior Living will report full-year sales of $1.18 billion for the current year, with estimates ranging from $4.73 billion to $4.76 billion. For the next financial year, analysts expect 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 an average based on a survey of research firms that cover Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Monday, August 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.79). Brookdale Senior Living had a negative net margin of 10.14% and a positive return on equity of 6.00%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business earned ($0.19) EPS. The firm’s revenue was down 5.7% compared to the same quarter last year.
BKD has been the subject of several analyst reports. Zacks Investment Research downgraded Brookdale Senior Living from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 10th. BidaskClub downgraded Brookdale Senior Living from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Stifel Nicolaus dropped their price target 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. ValuEngine downgraded Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $16.50 price target on shares of Brookdale Senior Living in a research report on Friday, July 14th. Five research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. Brookdale Senior Living presently has a consensus rating of “Hold” and a consensus target price of $16.50.
A number of hedge funds and other institutional investors have recently modified their holdings of BKD. Paulson & CO. Inc. bought a new position in Brookdale Senior Living in the 1st quarter worth approximately $67,707,000. Wellington Management Group LLP increased its position in Brookdale Senior Living by 125.2% in the 1st 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 during the period. Dimensional Fund Advisors LP increased its position in shares of Brookdale Senior Living by 38.5% during the second quarter. Dimensional Fund Advisors LP now owns 9,887,660 shares of the company’s stock valued at $145,448,000 after purchasing an additional 2,751,084 shares during the period. Macquarie Group Ltd. increased its position in shares of Brookdale Senior Living by 176.0% during the first quarter. Macquarie Group Ltd. now owns 2,649,529 shares of the company’s stock valued at $35,583,000 after purchasing an additional 1,689,610 shares during the period. Finally, New South Capital Management Inc. increased its position in shares of Brookdale Senior Living by 26.4% during the first quarter. New South Capital Management Inc. now owns 6,205,928 shares of the company’s stock valued at $83,345,000 after purchasing an additional 1,298,098 shares during the period. 99.71% of the stock is currently owned by institutional investors.
Shares of Brookdale Senior Living (NYSE:BKD) opened at 11.09 on Wednesday. Brookdale Senior Living has a 52-week low of $10.65 and a 52-week high of $18.20. The firm’s market cap is $2.07 billion. The stock’s 50 day moving average is $12.04 and its 200-day moving average is $13.27.
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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