What is Leerink Partnrs’ Forecast for BTSG FY2029 Earnings?

BrightSpring Health Services, Inc. (NASDAQ:BTSG) – Research analysts at Leerink Partnrs issued their FY2029 earnings estimates for BrightSpring Health Services in a research note issued to investors on Tuesday, May 6th. Leerink Partnrs analyst W. Mayo forecasts that the company will post earnings per share of $2.00 for the year. The consensus estimate for BrightSpring Health Services’ current full-year earnings is $0.59 per share.

Several other research analysts have also commented on the company. Mizuho set a $26.00 price objective on BrightSpring Health Services in a report on Monday. UBS Group boosted their price target on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, BrightSpring Health Services presently has a consensus rating of “Moderate Buy” and an average price target of $22.33.

BrightSpring Health Services Trading Up 5.5 %

Shares of BTSG opened at $23.04 on Wednesday. The business’s 50-day moving average price is $17.79 and its 200-day moving average price is $18.61. The stock has a market cap of $4.03 billion, a PE ratio of -88.62 and a beta of 2.06. BrightSpring Health Services has a twelve month low of $10.15 and a twelve month high of $24.82. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.63.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.09 by $0.10. BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the firm earned $0.12 EPS. BrightSpring Health Services’s revenue for the quarter was up 25.9% on a year-over-year basis.

Institutional Trading of BrightSpring Health Services

Institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC boosted its position in shares of BrightSpring Health Services by 21.6% during the fourth quarter. FMR LLC now owns 22,102,490 shares of the company’s stock valued at $376,405,000 after buying an additional 3,933,303 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of BrightSpring Health Services by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 5,325,093 shares of the company’s stock valued at $90,686,000 after acquiring an additional 268,132 shares during the last quarter. Invesco Ltd. grew its stake in shares of BrightSpring Health Services by 1.0% in the fourth quarter. Invesco Ltd. now owns 4,378,562 shares of the company’s stock worth $74,567,000 after acquiring an additional 41,991 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of BrightSpring Health Services by 13.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,698,629 shares of the company’s stock valued at $45,959,000 after purchasing an additional 328,977 shares during the last quarter. Finally, Sea Cliff Partners Management LP lifted its position in BrightSpring Health Services by 49.1% during the fourth quarter. Sea Cliff Partners Management LP now owns 1,735,150 shares of the company’s stock valued at $29,550,000 after purchasing an additional 571,437 shares during the period.

About BrightSpring Health Services

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.