Brokers Issue Forecasts for Brookdale Senior Living Inc.’s Q2 2022 Earnings (NYSE:BKD)

Brookdale Senior Living Inc. (NYSE:BKDGet Rating) – Stock analysts at Jefferies Financial Group dropped their Q2 2022 earnings per share (EPS) estimates for shares of Brookdale Senior Living in a research note issued on Wednesday, May 11th. Jefferies Financial Group analyst B. Tanquilut now expects that the company will post earnings per share of ($0.45) for the quarter, down from their previous forecast of ($0.30). Jefferies Financial Group also issued estimates for Brookdale Senior Living’s Q3 2022 earnings at ($0.39) EPS, Q4 2022 earnings at ($0.37) EPS, FY2022 earnings at ($1.71) EPS and FY2023 earnings at ($1.05) EPS.

Several other equities analysts also recently weighed in on the company. Zacks Investment Research raised Brookdale Senior Living from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 1st. StockNews.com upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Brookdale Senior Living currently has a consensus rating of “Hold” and an average price target of $10.00.

Brookdale Senior Living stock opened at $5.56 on Friday. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -10.30 and a beta of 1.53. Brookdale Senior Living has a 52 week low of $4.64 and a 52 week high of $8.95. The business has a 50-day simple moving average of $6.80 and a 200 day simple moving average of $6.22. The company has a quick ratio of 1.11, a current ratio of 0.83 and a debt-to-equity ratio of 6.96.

Brookdale Senior Living (NYSE:BKDGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.22). Brookdale Senior Living had a negative return on equity of 47.08% and a negative net margin of 3.39%. During the same period last year, the business earned ($0.59) EPS.

Several hedge funds and other institutional investors have recently made changes to their positions in BKD. Teacher Retirement System of Texas grew its stake in shares of Brookdale Senior Living by 6.6% during the 1st quarter. Teacher Retirement System of Texas now owns 38,068 shares of the company’s stock worth $268,000 after purchasing an additional 2,350 shares during the period. Alliancebernstein L.P. boosted its stake in Brookdale Senior Living by 1.6% during the 3rd quarter. Alliancebernstein L.P. now owns 258,114 shares of the company’s stock valued at $1,626,000 after purchasing an additional 3,940 shares during the period. Swiss National Bank increased its holdings in Brookdale Senior Living by 1.2% in the 3rd quarter. Swiss National Bank now owns 409,139 shares of the company’s stock valued at $2,578,000 after buying an additional 4,700 shares during the period. American Century Companies Inc. lifted its position in Brookdale Senior Living by 6.2% during the 1st quarter. American Century Companies Inc. now owns 88,498 shares of the company’s stock valued at $624,000 after purchasing an additional 5,203 shares during the period. Finally, National Bank of Canada FI raised its holdings in shares of Brookdale Senior Living by 21.3% in the first quarter. National Bank of Canada FI now owns 31,509 shares of the company’s stock valued at $222,000 after purchasing an additional 5,537 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

In related news, CEO Lucinda M. Baier sold 73,991 shares of Brookdale Senior Living stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $6.76, for a total transaction of $500,179.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.96% of the company’s stock.

Brookdale Senior Living Company Profile (Get Rating)

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.

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