Bright Horizons Family Solutions Inc (NYSE:BFAM) Expected to Announce Earnings of $0.96 Per Share

Wall Street brokerages forecast that Bright Horizons Family Solutions Inc (NYSE:BFAM) will announce $0.96 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have provided estimates for Bright Horizons Family Solutions’ earnings, with estimates ranging from $0.94 to $0.98. Bright Horizons Family Solutions posted earnings per share of $0.90 during the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The company is scheduled to announce its next earnings results on Tuesday, February 11th.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full-year earnings of $3.63 per share for the current fiscal year, with EPS estimates ranging from $3.61 to $3.64. For the next financial year, analysts forecast that the business will post earnings of $4.16 per share, with EPS estimates ranging from $4.12 to $4.22. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Bright Horizons Family Solutions had a return on equity of 23.34% and a net margin of 8.88%. The company had revenue of $511.58 million for the quarter, compared to analyst estimates of $514.64 million. During the same quarter in the prior year, the company posted $0.73 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year.

A number of research analysts have weighed in on BFAM shares. Zacks Investment Research raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Monday, December 30th. BMO Capital Markets increased their price target on Bright Horizons Family Solutions from $167.00 to $178.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Morgan Stanley started coverage on Bright Horizons Family Solutions in a research note on Tuesday, October 8th. They set an “equal weight” rating and a $162.00 price target on the stock. Jefferies Financial Group started coverage on Bright Horizons Family Solutions in a research note on Wednesday, November 27th. They set a “buy” rating and a $177.00 price target on the stock. Finally, ValuEngine lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $154.67.

In related news, CEO Stephen Howard Kramer sold 3,334 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $151.50, for a total value of $505,101.00. Following the transaction, the chief executive officer now directly owns 80,425 shares of the company’s stock, valued at approximately $12,184,387.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman David H. Lissy sold 10,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $150.39, for a total value of $1,503,900.00. Following the completion of the transaction, the chairman now directly owns 307,574 shares in the company, valued at $46,256,053.86. The disclosure for this sale can be found here. Insiders sold a total of 33,334 shares of company stock worth $5,018,401 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Bright Horizons Family Solutions by 7.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,522,558 shares of the company’s stock worth $1,134,928,000 after buying an additional 519,883 shares during the period. Vanguard Group Inc. increased its holdings in Bright Horizons Family Solutions by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,281,318 shares of the company’s stock valued at $796,793,000 after purchasing an additional 69,561 shares in the last quarter. BlackRock Inc. increased its holdings in Bright Horizons Family Solutions by 4.9% in the 2nd quarter. BlackRock Inc. now owns 3,182,061 shares of the company’s stock valued at $480,078,000 after purchasing an additional 148,834 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Bright Horizons Family Solutions by 3.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,480,464 shares of the company’s stock valued at $378,271,000 after purchasing an additional 88,655 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Bright Horizons Family Solutions by 144.6% in the 2nd quarter. Invesco Ltd. now owns 1,262,277 shares of the company’s stock valued at $190,440,000 after purchasing an additional 746,259 shares in the last quarter. 96.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Bright Horizons Family Solutions stock opened at $162.48 on Friday. Bright Horizons Family Solutions has a fifty-two week low of $113.27 and a fifty-two week high of $168.28. The firm has a market cap of $9.44 billion, a PE ratio of 53.80, a P/E/G ratio of 4.11 and a beta of 0.26. The business’s fifty day moving average is $154.68 and its two-hundred day moving average is $153.98. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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