Bright Horizons Family Solutions (BFAM) to Release Quarterly Earnings on Tuesday

Bright Horizons Family Solutions (NYSE:BFAM – Get Rating) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Bright Horizons Family Solutions has set its FY 2022 guidance at $3.200-$3.400 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Bright Horizons Family Solutions (NYSE:BFAM – Get Rating) last posted its earnings results on Wednesday, February 16th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Bright Horizons Family Solutions had a return on equity of 8.14% and a net margin of 4.01%. The company had revenue of $462.66 million for the quarter, compared to analysts’ expectations of $465.16 million. During the same period last year, the business posted $0.29 earnings per share. The firm’s quarterly revenue was up 22.7% compared to the same quarter last year. On average, analysts expect Bright Horizons Family Solutions to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NYSE BFAM opened at $127.15 on Tuesday. Bright Horizons Family Solutions has a fifty-two week low of $113.41 and a fifty-two week high of $171.91. The firm’s 50-day simple moving average is $132.08 and its 200 day simple moving average is $133.26. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.83. The stock has a market cap of $7.54 billion, a P/E ratio of 109.61 and a beta of 0.92.

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 2,846 shares of Bright Horizons Family Solutions stock in a transaction dated Friday, February 4th. The stock was sold at an average price of $130.00, for a total transaction of $369,980.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in BFAM. Morgan Stanley lifted its holdings in shares of Bright Horizons Family Solutions by 238.5% during the 2nd quarter. Morgan Stanley now owns 105,545 shares of the company’s stock valued at $15,528,000 after buying an additional 74,362 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Bright Horizons Family Solutions by 313.0% during the 4th quarter. Millennium Management LLC now owns 90,503 shares of the company’s stock valued at $11,393,000 after buying an additional 68,589 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Bright Horizons Family Solutions by 383.6% during the 4th quarter. Marshall Wace LLP now owns 55,049 shares of the company’s stock valued at $6,930,000 after buying an additional 43,667 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 23.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 136,082 shares of the company’s stock valued at $17,130,000 after buying an additional 25,850 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Bright Horizons Family Solutions during the 4th quarter valued at about $1,189,000. Institutional investors and hedge funds own 98.90% of the company’s stock.

BFAM has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on shares of Bright Horizons Family Solutions from $111.00 to $109.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 5th. StockNews.com started coverage on shares of Bright Horizons Family Solutions in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Bright Horizons Family Solutions in a research report on Tuesday, March 29th. They issued a “hold” rating and a $114.00 price target on the stock. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, February 23rd. Finally, Citigroup dropped their price target on shares of Bright Horizons Family Solutions from $170.00 to $155.00 in a research report on Friday, February 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Bright Horizons Family Solutions has an average rating of “Hold” and an average price target of $155.00.

About Bright Horizons Family Solutions (Get Rating)

Bright Horizons Family Solutions Inc provides early education and child care, back-up care, educational advisory, and other workplace solutions services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.

Featured Articles