BrightSpring Health Services (BTSGU) to Release Quarterly Earnings on Friday

BrightSpring Health Services (NASDAQ:BTSGU) is expected to be issuing its results before the market opens on Friday, May 1st. Analysts expect the company to announce earnings of $0.3027 per share and revenue of $3.3802 billion for the quarter.

BrightSpring Health Services Stock Performance

BrightSpring Health Services stock opened at $156.63 on Friday. BrightSpring Health Services has a 12 month low of $60.69 and a 12 month high of $159.80. The business has a 50 day simple moving average of $142.40 and a 200-day simple moving average of $127.94.

BrightSpring Health Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be given a $0.8438 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 2.2%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of BrightSpring Health Services in a research report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Hedge Funds Weigh In On BrightSpring Health Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtus Advisers LLC acquired a new position in BrightSpring Health Services during the fourth quarter worth $25,000. Jane Street Group LLC boosted its stake in BrightSpring Health Services by 88.4% during the fourth quarter. Jane Street Group LLC now owns 4,946 shares of the company’s stock worth $624,000 after buying an additional 2,321 shares during the last quarter. Morningstar Investment Management LLC acquired a new position in BrightSpring Health Services during the third quarter worth $829,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in BrightSpring Health Services by 11.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 164,260 shares of the company’s stock worth $13,560,000 after buying an additional 16,302 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in BrightSpring Health Services by 69.4% during the second quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock worth $3,627,000 after buying an additional 17,994 shares during the last quarter.

BrightSpring Health Services Company Profile

BrightSpring Health Services is a leading provider of home and community-based health and support services in the United States. The company specializes in delivering a continuum of care that spans behavioral health, intellectual and developmental disability support, home health care, and respite services. By integrating clinical and non-clinical offerings, BrightSpring seeks to improve patient outcomes, enhance quality of life, and support family caregivers.

Through its behavioral health division, BrightSpring offers individualized therapy, counseling, and crisis intervention for children, adolescents, and adults experiencing mental health challenges.