Bright Horizons Family Solutions Inc. (BFAM) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS
Bright Horizons Family Solutions Inc. (NYSE:BFAM) posted its quarterly earnings data on Wednesday. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05, Bloomberg Earnings reports. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The company had revenue of $433.30 million during the quarter, compared to analyst estimates of $429.36 million. During the same quarter last year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Bright Horizons Family Solutions updated its FY17 guidance to +22% yo $2.63 EPS.
In other news, CFO Elizabeth J. Boland sold 19,681 shares of the business’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $85.16, for a total transaction of $1,676,033.96. Following the completion of the transaction, the chief financial officer now directly owns 152,977 shares in the company, valued at approximately $13,027,521.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Elizabeth J. Boland sold 29,681 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $78.95, for a total value of $2,343,314.95. Following the transaction, the chief financial officer now owns 141,491 shares of the company’s stock, valued at $11,170,714.45. The disclosure for this sale can be found here. Insiders have sold a total of 80,444 shares of company stock valued at $6,516,524 over the last 90 days. Corporate insiders own 2.90% of the company’s stock.
Several equities analysts have recently weighed in on the stock. BMO Capital Markets restated a “hold” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 25th. BidaskClub lowered shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Barclays PLC raised their price objective on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Bright Horizons Family Solutions has a consensus rating of “Buy” and a consensus price target of $85.83.
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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