Bright Horizons Family Solutions Inc. (BFAM) to Release Earnings on Wednesday
Bright Horizons Family Solutions Inc. (NYSE:BFAM) will be releasing its earnings data after the market closes on Wednesday, November 1st. Analysts expect Bright Horizons Family Solutions to post earnings of $0.61 per share for the quarter. Bright Horizons Family Solutions has set its FY17 guidance at $2.61-2.65 EPS.
Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The business had revenue of $445.55 million for the quarter, compared to analysts’ expectations of $443.90 million. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. On average, analysts expect Bright Horizons Family Solutions to post $2.64 EPS for the current fiscal year and $2.95 EPS for the next fiscal year.
Bright Horizons Family Solutions Inc. (BFAM) opened at 86.47 on Wednesday. The stock’s 50 day moving average is $83.54 and its 200 day moving average is $79.06. Bright Horizons Family Solutions Inc. has a 52 week low of $59.00 and a 52 week high of $88.13. The stock has a market cap of $5.12 billion, a PE ratio of 46.14 and a beta of 0.14.
Several analysts have recently commented on BFAM shares. BidaskClub raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, August 9th. 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 report on Friday, August 4th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $92.00 price objective (up from $90.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $85.83.
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In related news, CFO Elizabeth J. Boland sold 19,681 shares of the stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $85.16, for a total transaction of $1,676,033.96. Following the sale, the chief financial officer now directly owns 152,977 shares of the company’s stock, valued at $13,027,521.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elizabeth J. Boland sold 29,681 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the sale, the chief financial officer now directly owns 141,491 shares in the company, valued at $11,170,714.45. The disclosure for this sale can be found here. Insiders have sold 80,444 shares of company stock worth $6,516,524 over the last three months. 2.90% of the stock is currently owned by insiders.
Bright Horizons Family Solutions Company Profile
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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