BrightSpring Health Services (BTSG) to Release Earnings on Friday

BrightSpring Health Services (NASDAQ:BTSGGet Free Report) will issue its quarterly earnings data before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $0.19 per share for the quarter. BrightSpring Health Services has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

BrightSpring Health Services (NASDAQ:BTSGGet Free Report) last issued its earnings results on Friday, August 2nd. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.61 billion. BrightSpring Health Services’s quarterly revenue was up 26.0% compared to the same quarter last year. On average, analysts expect BrightSpring Health Services to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

BrightSpring Health Services Stock Down 1.5 %

Shares of BrightSpring Health Services stock opened at $15.55 on Friday. BrightSpring Health Services has a twelve month low of $7.85 and a twelve month high of $16.49. The company has a current ratio of 1.33, a quick ratio of 1.00 and a debt-to-equity ratio of 1.62. The business’s 50 day simple moving average is $14.15 and its 200-day simple moving average is $12.22.

Insider Activity

In other BrightSpring Health Services news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Wall Street Analyst Weigh In

Several research firms have recently commented on BTSG. The Goldman Sachs Group lowered their price target on shares of BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Guggenheim upped their target price on shares of BrightSpring Health Services from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. BTIG Research lifted their price target on BrightSpring Health Services from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, KeyCorp initiated coverage on BrightSpring Health Services in a report on Friday, October 11th. They issued a “sector weight” rating for the company. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.05.

Read Our Latest Stock Report on BTSG

BrightSpring Health Services Company Profile

(Get Free Report)

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.

Further Reading

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