Brookdale Senior Living (NYSE:BKD) Posts Quarterly Earnings Results, Misses Estimates By $0.21 EPS

Brookdale Senior Living (NYSE:BKD) announced its quarterly earnings data on Tuesday. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21), Zacks reports. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%.

Brookdale Senior Living Stock Down 0.3 %

BKD stock traded down $0.02 during trading on Tuesday, hitting $5.30. 2,082,513 shares of the company’s stock were exchanged, compared to its average volume of 2,236,943. The business has a 50-day moving average price of $4.98 and a two-hundred day moving average price of $5.87. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -5.76 and a beta of 1.29. Brookdale Senior Living has a 52-week low of $4.45 and a 52-week high of $8.12. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BKD. Royal Bank of Canada reiterated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research note on Friday, December 20th. Macquarie reiterated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7.50.

Insider Buying and Selling

In related news, Director Lee S. Wielansky sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $5.62, for a total transaction of $56,200.00. Following the completion of the sale, the director now owns 211,382 shares in the company, valued at $1,187,966.84. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

About Brookdale Senior Living

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.