Equities research analysts expect Bright Horizons Family Solutions Inc (NYSE:BFAM) to post $436.47 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Bright Horizons Family Solutions’ earnings. The highest sales estimate is $438.48 million and the lowest is $433.70 million. Bright Horizons Family Solutions posted sales of $398.54 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.5%. The company is expected to report its next quarterly earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full-year sales of $436.47 million for the current financial year, with estimates ranging from $1.73 billion to $1.74 billion. For the next financial year, analysts anticipate that the company will post sales of $1.88 billion per share, with estimates ranging from $1.86 billion to $1.89 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. The business had revenue of $433.30 million for the quarter, compared to analysts’ expectations of $429.36 million. During the same quarter last year, the firm earned $0.49 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis.

Several brokerages have recently commented on BFAM. Barclays increased their price objective on Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. BidaskClub upgraded Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Zacks Investment Research lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Robert W. Baird reiterated a “hold” rating on shares of Bright Horizons Family Solutions in a report on Friday, November 3rd. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, October 25th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $90.67.

Shares of Bright Horizons Family Solutions (BFAM) opened at $90.85 on Thursday. Bright Horizons Family Solutions has a twelve month low of $65.00 and a twelve month high of $93.13. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $5,410.00, a price-to-earnings ratio of 38.56, a PEG ratio of 1.84 and a beta of 0.13.

In related news, CFO Elizabeth J. Boland sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $82.33, for a total value of $823,300.00. Following the completion of the transaction, the chief financial officer now owns 150,717 shares in the company, valued at approximately $12,408,530.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elizabeth J. Boland sold 19,681 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $85.16, for a total value of $1,676,033.96. Following the completion of the transaction, the chief financial officer now owns 152,977 shares of the company’s stock, valued at approximately $13,027,521.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,613,792 shares of company stock valued at $315,248,860. Company insiders own 2.90% of the company’s stock.

A number of hedge funds have recently modified their holdings of BFAM. Aperio Group LLC raised its stake in shares of Bright Horizons Family Solutions by 33.0% during the 2nd quarter. Aperio Group LLC now owns 6,094 shares of the company’s stock valued at $471,000 after buying an additional 1,512 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Bright Horizons Family Solutions by 7.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,682 shares of the company’s stock valued at $516,000 after buying an additional 446 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new position in shares of Bright Horizons Family Solutions during the 2nd quarter valued at about $123,000. Trexquant Investment LP purchased a new position in shares of Bright Horizons Family Solutions during the 2nd quarter valued at about $363,000. Finally, Teacher Retirement System of Texas raised its stake in shares of Bright Horizons Family Solutions by 6.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,801 shares of the company’s stock valued at $293,000 after buying an additional 247 shares during the last quarter. Institutional investors own 99.74% of the company’s stock.

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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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