Wall Street brokerages expect that Brookdale Senior Living, Inc. (NYSE:BKD) will announce sales of $1.06 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Brookdale Senior Living’s earnings. The lowest sales estimate is $1.05 billion and the highest is $1.06 billion. Brookdale Senior Living posted sales of $1.17 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 9.4%. The firm is scheduled to announce its next earnings results on Thursday, February 28th.
On average, analysts expect that Brookdale Senior Living will report full-year sales of $4.50 billion for the current financial year, with estimates ranging from $4.47 billion to $4.52 billion. For the next fiscal year, analysts expect that the company will post sales of $4.28 billion, with estimates ranging from $4.25 billion to $4.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Monday, November 5th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.08. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Brookdale Senior Living had a negative return on equity of 14.72% and a negative net margin of 13.93%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm earned ($2.22) EPS.
BKD has been the subject of several recent analyst reports. Zacks Investment Research raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Monday, October 8th. ValuEngine cut Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Royal Bank of Canada reaffirmed a “hold” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a report on Sunday, November 18th. Finally, JMP Securities lifted their price objective on Brookdale Senior Living from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Brookdale Senior Living presently has an average rating of “Hold” and a consensus target price of $9.25.
BKD opened at $7.83 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 4.64. The company has a market capitalization of $1.42 billion, a PE ratio of -10.04 and a beta of 1.67. Brookdale Senior Living has a 12 month low of $6.08 and a 12 month high of $10.39.
In other news, Director Marcus E. Bromley acquired 6,300 shares of Brookdale Senior Living stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average cost of $7.86 per share, with a total value of $49,518.00. Following the completion of the acquisition, the director now owns 41,059 shares in the company, valued at approximately $322,723.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of BKD. Legal & General Group Plc raised its holdings in shares of Brookdale Senior Living by 2.3% in the third quarter. Legal & General Group Plc now owns 184,381 shares of the company’s stock worth $1,813,000 after acquiring an additional 4,173 shares during the last quarter. Appleton Partners Inc. MA raised its holdings in shares of Brookdale Senior Living by 12.1% in the third quarter. Appleton Partners Inc. MA now owns 62,405 shares of the company’s stock worth $613,000 after acquiring an additional 6,750 shares during the last quarter. Avestar Capital LLC raised its holdings in shares of Brookdale Senior Living by 126.2% in the third quarter. Avestar Capital LLC now owns 19,228 shares of the company’s stock worth $171,000 after acquiring an additional 10,727 shares during the last quarter. Point72 Hong Kong Ltd raised its holdings in shares of Brookdale Senior Living by 265.3% in the second quarter. Point72 Hong Kong Ltd now owns 15,509 shares of the company’s stock worth $141,000 after acquiring an additional 11,263 shares during the last quarter. Finally, Highland Capital Management LP grew its position in shares of Brookdale Senior Living by 9.8% in the third quarter. Highland Capital Management LP now owns 138,525 shares of the company’s stock valued at $1,362,000 after purchasing an additional 12,400 shares during the period.
Brookdale Senior Living Company Profile
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.
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