$1.18 Billion in Sales Expected for Brookdale Senior Living Inc. (BKD) This Quarter
Brokerages expect that Brookdale Senior Living Inc. (NYSE:BKD) will announce sales of $1.18 billion for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Brookdale Senior Living’s earnings. The lowest sales estimate is $1.17 billion and the highest is $1.18 billion. 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 company is expected to announce its next quarterly 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 $4.72 billion to $4.76 billion. For the next year, analysts expect that the firm will report sales of $4.72 billion per share, with estimates ranging from $4.70 billion to $4.74 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Monday, August 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the 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 business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the company posted ($0.19) EPS. The firm’s revenue was down 5.7% on a year-over-year basis.
BKD has been the subject of a number of recent research reports. ValuEngine downgraded shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Sunday, September 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $16.50 price target on shares of Brookdale Senior Living in a report on Friday, July 14th. BidaskClub downgraded shares of Brookdale Senior Living from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 price target on shares of Brookdale Senior Living in a report on Friday, October 13th. Finally, Zacks Investment Research upgraded shares of Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Monday, July 3rd. Five analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.08.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKD. UBS Asset Management Americas Inc. grew its stake in Brookdale Senior Living by 19.1% during the first quarter. UBS Asset Management Americas Inc. now owns 146,754 shares of the company’s stock worth $1,971,000 after buying an additional 23,484 shares during the period. Karp Capital Management Corp purchased a new stake in Brookdale Senior Living during the first quarter worth approximately $364,000. Parametric Portfolio Associates LLC grew its stake in Brookdale Senior Living by 47.4% during the first quarter. Parametric Portfolio Associates LLC now owns 258,342 shares of the company’s stock worth $3,470,000 after buying an additional 83,072 shares during the period. Neuberger Berman Group LLC grew its stake in Brookdale Senior Living by 56.6% during the first quarter. Neuberger Berman Group LLC now owns 19,926 shares of the company’s stock worth $268,000 after buying an additional 7,200 shares during the period. Finally, Teachers Advisors LLC grew its stake in Brookdale Senior Living by 9.4% during the first quarter. Teachers Advisors LLC now owns 819,434 shares of the company’s stock worth $11,005,000 after buying an additional 70,316 shares during the period.
Shares of Brookdale Senior Living (NYSE:BKD) opened at 9.59 on Friday. Brookdale Senior Living has a 52 week low of $9.44 and a 52 week high of $16.31. The company’s 50-day moving average is $10.83 and its 200 day moving average is $12.87. The stock’s market cap is $1.79 billion.
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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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