Bright Horizons Family Solutions Inc. to Post Q2 2022 Earnings of $0.67 Per Share, Jefferies Financial Group Forecasts (NYSE:BFAM)

Bright Horizons Family Solutions Inc. (NYSE:BFAM – Get Rating) – Investment analysts at Jefferies Financial Group cut their Q2 2022 earnings estimates for Bright Horizons Family Solutions in a research report issued on Thursday, May 5th. Jefferies Financial Group analyst H. Mazari now expects that the company will earn $0.67 per share for the quarter, down from their prior forecast of $0.70. Jefferies Financial Group also issued estimates for Bright Horizons Family Solutions’ Q3 2022 earnings at $0.88 EPS, Q4 2022 earnings at $0.95 EPS, Q1 2023 earnings at $0.76 EPS, Q2 2023 earnings at $1.06 EPS, Q4 2023 earnings at $1.10 EPS and FY2023 earnings at $3.96 EPS.

BFAM has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft began coverage on Bright Horizons Family Solutions in a research note on Tuesday, March 29th. They issued a “hold” rating and a $114.00 target price on the stock. Barclays decreased their price objective on Bright Horizons Family Solutions from $155.00 to $130.00 in a research report on Wednesday, May 4th. Zacks Investment Research lowered Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Friday. StockNews.com started coverage on Bright Horizons Family Solutions in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Robert W. Baird dropped their price target on Bright Horizons Family Solutions from $140.00 to $115.00 in a research report on Wednesday, May 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Bright Horizons Family Solutions presently has an average rating of “Hold” and an average target price of $142.56.

Shares of BFAM stock opened at $86.21 on Monday. The firm has a market cap of $5.11 billion, a P/E ratio of 62.93 and a beta of 0.97. Bright Horizons Family Solutions has a 1-year low of $85.58 and a 1-year high of $171.91. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.87 and a quick ratio of 0.87. The firm’s 50-day simple moving average is $128.28 and its 200-day simple moving average is $130.00.

Bright Horizons Family Solutions (NYSE:BFAM – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. Bright Horizons Family Solutions had a net margin of 4.53% and a return on equity of 9.36%. The company had revenue of $460.41 million for the quarter, compared to analysts’ expectations of $480.14 million. During the same period in the previous year, the company posted $0.16 EPS. Bright Horizons Family Solutions’s revenue was up 17.8% compared to the same quarter last year.

Institutional investors have recently modified their holdings of the stock. People s United Financial Inc. lifted its stake in Bright Horizons Family Solutions by 2.0% in the third quarter. People s United Financial Inc. now owns 3,804 shares of the company’s stock valued at $530,000 after purchasing an additional 73 shares during the last quarter. American Century Companies Inc. increased its stake in Bright Horizons Family Solutions by 5.5% in the third quarter. American Century Companies Inc. now owns 1,473 shares of the company’s stock valued at $205,000 after acquiring an additional 77 shares during the last quarter. CWM LLC grew its stake in shares of Bright Horizons Family Solutions by 58.0% during the first quarter. CWM LLC now owns 248 shares of the company’s stock valued at $33,000 after buying an additional 91 shares during the last quarter. Signaturefd LLC grew its stake in shares of Bright Horizons Family Solutions by 31.0% during the first quarter. Signaturefd LLC now owns 385 shares of the company’s stock valued at $51,000 after buying an additional 91 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Bright Horizons Family Solutions by 14.2% during the fourth quarter. Allworth Financial LP now owns 805 shares of the company’s stock valued at $101,000 after buying an additional 100 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

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.

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