Analysts expect that Bright Horizons Family Solutions Inc (NYSE:BFAM) will announce earnings of $0.69 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Bright Horizons Family Solutions’ earnings. The lowest EPS estimate is $0.68 and the highest is $0.69. Bright Horizons Family Solutions reported earnings per share of $0.56 during the same quarter last year, which suggests a positive year over year growth rate of 23.2%. The company is expected to issue its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full year earnings of $2.65 per share for the current fiscal year, with EPS estimates ranging from $2.64 to $2.65. For the next fiscal year, analysts forecast that the company will report earnings of $3.01 per share, with EPS estimates ranging from $2.98 to $3.05. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Bright Horizons Family Solutions had a net margin of 7.18% and a return on equity of 16.67%. The business had revenue of $433.30 million for the quarter, compared to analyst estimates of $429.36 million. During the same period last year, the business posted $0.49 earnings per share. The firm’s quarterly revenue was up 12.9% on a year-over-year basis.

A number of equities research analysts recently commented on BFAM shares. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Credit Suisse Group raised their price objective on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. BMO Capital Markets raised their price objective on shares of Bright Horizons Family Solutions from $85.00 to $90.00 and gave the stock a “market perform” rating in a report on Thursday, November 2nd. Citigroup raised their price objective on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, Barclays restated a “buy” rating and set a $105.00 price objective on shares of Bright Horizons Family Solutions in a report on Wednesday, December 27th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Bright Horizons Family Solutions currently has an average rating of “Hold” and a consensus target price of $96.13.

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 19,681 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $85.16, for a total value of $1,676,033.96. Following the sale, the chief financial officer now directly owns 152,977 shares in the company, valued at approximately $13,027,521.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David H. Lissy sold 79,112 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total transaction of $6,903,313.12. The disclosure for this sale can be found here. Insiders sold a total of 3,623,396 shares of company stock worth $316,276,898 over the last quarter. Company insiders own 2.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC grew its position in shares of Bright Horizons Family Solutions by 250.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock valued at $108,000 after acquiring an additional 1,000 shares during the period. Advisor Group Inc. grew its position in shares of Bright Horizons Family Solutions by 213.6% in the 2nd quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock valued at $152,000 after acquiring an additional 1,354 shares during the period. Zions Bancorporation bought a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $170,000. Keybank National Association OH bought a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $221,000. Finally, Comerica Bank bought a new position in shares of Bright Horizons Family Solutions in the 2nd quarter valued at about $230,000. 98.70% of the stock is owned by institutional investors.

Shares of Bright Horizons Family Solutions (NYSE BFAM) traded up $0.01 during trading hours on Monday, hitting $95.44. 137,100 shares of the company were exchanged, compared to its average volume of 184,322. Bright Horizons Family Solutions has a fifty-two week low of $65.00 and a fifty-two week high of $95.91. 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 firm has a market capitalization of $5,661.04, a price-to-earnings ratio of 47.48, a price-to-earnings-growth ratio of 1.67 and a beta of 0.13.

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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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