Analysts predict that Bright Horizons Family Solutions Inc (NYSE:BFAM) will post sales of $436.47 million for the current quarter, according to Zacks. Three analysts have issued estimates for Bright Horizons Family Solutions’ earnings, with estimates ranging from $433.70 million to $438.48 million. Bright Horizons Family Solutions reported sales of $398.54 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.5%. The company is expected to announce its next 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 year, with estimates ranging from $1.73 billion to $1.74 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.88 billion per share, with estimates ranging from $1.86 billion to $1.89 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Bright Horizons Family Solutions.

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

A number of equities research analysts recently issued reports on the stock. 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. BidaskClub raised shares of Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Robert W. Baird reissued a “hold” rating on shares of Bright Horizons Family Solutions in a report on Friday, November 3rd. Citigroup upped their price objective on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $89.00 price objective on shares of Bright Horizons Family Solutions in a report on Wednesday, December 20th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $96.13.

Shares of Bright Horizons Family Solutions (NYSE BFAM) opened at $95.58 on Wednesday. Bright Horizons Family Solutions has a 1-year low of $65.00 and a 1-year high of $96.43. The stock has a market cap of $5,670.00, a price-to-earnings ratio of 47.08, a PEG ratio of 1.67 and a beta of 0.13. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,100 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $94.48, for a total value of $103,928.00. Following the transaction, the chief operating officer now owns 31,161 shares of the company’s stock, valued at $2,944,091.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen I. Dreier sold 1,141 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $94.00, for a total transaction of $107,254.00. The disclosure for this sale can be found here. Insiders sold 3,606,677 shares of company stock valued at $314,883,291 in the last three months. 2.90% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Acrospire Investment Management LLC lifted its position in Bright Horizons Family Solutions by 250.0% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock valued at $108,000 after buying an additional 1,000 shares during the last quarter. Advisor Group Inc. lifted its position in Bright Horizons Family Solutions by 213.6% in the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock valued at $152,000 after buying an additional 1,354 shares during the last quarter. Zions Bancorporation acquired a new position in Bright Horizons Family Solutions in the third quarter valued at about $170,000. Keybank National Association OH acquired a new position in Bright Horizons Family Solutions in the third quarter valued at about $221,000. Finally, Comerica Bank acquired a new stake in shares of Bright Horizons Family Solutions during the second quarter worth about $230,000. 98.70% of the stock is currently owned by institutional investors.

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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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