$502.47 Million in Sales Expected for Bright Horizons Family Solutions Inc. (NYSE:BFAM) This Quarter

Equities analysts predict that Bright Horizons Family Solutions Inc. (NYSE:BFAMGet Rating) will report sales of $502.47 million for the current quarter, according to Zacks. Three analysts have provided estimates for Bright Horizons Family Solutions’ earnings. The highest sales estimate is $504.61 million and the lowest is $500.37 million. Bright Horizons Family Solutions reported sales of $441.48 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.8%. The firm is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full year sales of $2.06 billion for the current year, with estimates ranging from $2.03 billion to $2.11 billion. For the next financial year, analysts expect that the business will report sales of $2.27 billion, with estimates ranging from $2.24 billion to $2.31 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAMGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.05. Bright Horizons Family Solutions had a return on equity of 9.48% and a net margin of 4.53%. The firm had revenue of $460.41 million for the quarter, compared to the consensus estimate of $480.14 million. During the same quarter in the previous year, the company earned $0.16 EPS. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year.

BFAM has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Bright Horizons Family Solutions in a research note on Tuesday, March 29th. They set a “hold” rating and a $114.00 price objective for the company. Zacks Investment Research cut Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Friday, May 6th. Barclays lowered their price target on Bright Horizons Family Solutions from $155.00 to $130.00 in a research report on Wednesday, May 4th. BMO Capital Markets reduced their price target on Bright Horizons Family Solutions from $148.00 to $126.00 in a research note on Wednesday, May 4th. Finally, Robert W. Baird lowered their price target on Bright Horizons Family Solutions from $140.00 to $115.00 in a report on Wednesday, May 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $139.13.

Institutional investors and hedge funds have recently bought and sold shares of the company. People s United Financial Inc. increased its stake in shares of 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 buying an additional 73 shares in the last quarter. American Century Companies Inc. boosted its holdings 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 worth $205,000 after acquiring an additional 77 shares in the last quarter. CWM LLC boosted its holdings in Bright Horizons Family Solutions by 58.0% in the first quarter. CWM LLC now owns 248 shares of the company’s stock worth $33,000 after acquiring an additional 91 shares in the last quarter. Signaturefd LLC increased its position 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 acquiring an additional 91 shares during the last quarter. Finally, Allworth Financial LP increased its position in Bright Horizons Family Solutions by 14.2% in the fourth quarter. Allworth Financial LP now owns 805 shares of the company’s stock worth $101,000 after buying an additional 100 shares during the last quarter. 98.60% of the stock is owned by institutional investors.

BFAM opened at $86.15 on Wednesday. Bright Horizons Family Solutions has a 1-year low of $76.21 and a 1-year high of $171.91. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 62.88 and a beta of 0.97. The business has a 50 day moving average of $116.82 and a 200-day moving average of $123.68.

Bright Horizons Family Solutions Company Profile (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.

Further Reading

Get a free copy of the Zacks research report on Bright Horizons Family Solutions (BFAM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bright Horizons Family Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions and related companies with MarketBeat.com's FREE daily email newsletter.