Bright Horizons Family Solutions (NYSE:BFAM) released its earnings results on Thursday. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.04, Bloomberg Earnings reports. The company had revenue of $440.00 million during the quarter, compared to analyst estimates of $438.99 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 EPS. Bright Horizons Family Solutions updated its FY18 guidance to $3.12-3.16 EPS.
Shares of Bright Horizons Family Solutions (BFAM) traded down $2.14 on Thursday, reaching $91.78. 329,115 shares of the company’s stock were exchanged, compared to its average volume of 190,767. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49. Bright Horizons Family Solutions has a twelve month low of $65.00 and a twelve month high of $98.84. The stock has a market cap of $5,596.38, a price-to-earnings ratio of 45.66, a P/E/G ratio of 2.22 and a beta of 0.15.
A number of brokerages have issued reports on BFAM. 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. Barclays reaffirmed a “buy” rating and set a $105.00 price objective on shares of Bright Horizons Family Solutions in a report on Wednesday, December 27th. Credit Suisse Group increased their price objective on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. BMO Capital Markets increased their price objective on shares of Bright Horizons Family Solutions from $85.00 to $90.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. Finally, Citigroup increased 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. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Bright Horizons Family Solutions has an average rating of “Hold” and a consensus price target of $98.25.
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Bright Horizons Family Solutions Company Profile
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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