$1.17 Billion in Sales Expected for Brookdale Senior Living, Inc. (BKD) This Quarter

Wall Street brokerages forecast that Brookdale Senior Living, Inc. (NYSE:BKD) will report sales of $1.17 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Brookdale Senior Living’s earnings. The lowest sales estimate is $1.16 billion and the highest is $1.18 billion. Brookdale Senior Living reported sales of $1.21 billion during the same quarter last year, which indicates a negative year over year growth rate of 3.3%. The business is scheduled to report its next earnings report on Monday, February 12th.

On average, analysts expect that Brookdale Senior Living will report full year sales of $1.17 billion for the current year, with estimates ranging from $4.74 billion to $4.76 billion. For the next year, analysts forecast that the company will report sales of $4.64 billion per share, with estimates ranging from $4.50 billion to $4.77 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Brookdale Senior Living.

A number of research firms recently commented on BKD. Zacks Investment Research upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Stifel Nicolaus dropped their price objective on Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, November 7th. Stephens set a $16.00 price objective on Brookdale Senior Living and gave the stock a “buy” rating in a report on Monday, November 20th. Royal Bank of Canada dropped their price objective on Brookdale Senior Living from $16.00 to $13.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. Finally, Jefferies Group set a $14.00 price objective on Brookdale Senior Living and gave the stock a “buy” rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $14.60.

Brookdale Senior Living (NYSE:BKD) opened at $9.50 on Monday. Brookdale Senior Living has a twelve month low of $8.78 and a twelve month high of $16.23. The company has a market capitalization of $1,770.00, a P/E ratio of -2.07 and a beta of 1.64. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 3.23.

Institutional investors have recently made changes to their positions in the business. EP Wealth Advisors LLC bought a new stake in Brookdale Senior Living during the second quarter worth approximately $148,000. Merriman Wealth Management LLC bought a new stake in Brookdale Senior Living during the third quarter worth approximately $108,000. Dorsey & Whitney Trust CO LLC bought a new stake in Brookdale Senior Living during the third quarter worth approximately $122,000. State of Alaska Department of Revenue bought a new stake in Brookdale Senior Living during the fourth quarter worth approximately $148,000. Finally, Nine Chapters Capital Management LLC bought a new stake in Brookdale Senior Living during the third quarter worth approximately $171,000. 99.31% of the stock is owned by hedge funds and other institutional investors.

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About Brookdale Senior Living

Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.

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