Bright Horizons Family Solutions (BFAM) to Release Earnings on Thursday

Bright Horizons Family Solutions (NYSE:BFAM) is scheduled to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Bright Horizons Family Solutions to post earnings of $0.45 per share for the quarter. Bright Horizons Family Solutions has set its FY24 guidance at $3.00-$3.20 EPS and its FY 2024 guidance at 3.000-3.200 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.12. The firm had revenue of $615.65 million during the quarter, compared to the consensus estimate of $588.63 million. Bright Horizons Family Solutions had a net margin of 3.07% and a return on equity of 12.24%. On average, analysts expect Bright Horizons Family Solutions to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $106.83 on Thursday. The company has a fifty day simple moving average of $111.44 and a two-hundred day simple moving average of $97.55. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 84.12, a price-to-earnings-growth ratio of 4.07 and a beta of 1.37. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.78. Bright Horizons Family Solutions has a 52 week low of $71.65 and a 52 week high of $119.21.

Insider Activity at Bright Horizons Family Solutions

In other news, CFO Elizabeth J. Boland sold 15,640 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total value of $1,779,362.80. Following the completion of the sale, the chief financial officer now directly owns 89,983 shares of the company’s stock, valued at $10,237,365.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Mary Lou Burke sold 1,500 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total value of $157,500.00. Following the completion of the sale, the chief operating officer now directly owns 37,253 shares of the company’s stock, valued at $3,911,565. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Elizabeth J. Boland sold 15,640 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the transaction, the chief financial officer now owns 89,983 shares in the company, valued at approximately $10,237,365.91. The disclosure for this sale can be found here. Insiders sold a total of 17,740 shares of company stock valued at $1,996,191 over the last ninety days. Insiders own 1.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BFAM shares. Robert W. Baird lifted their price objective on shares of Bright Horizons Family Solutions from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. lifted their price objective on shares of Bright Horizons Family Solutions from $93.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. BMO Capital Markets lifted their price objective on shares of Bright Horizons Family Solutions from $90.00 to $92.00 and gave the stock a “market perform” rating in a research report on Thursday, February 15th. Barclays raised shares of Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $100.00 to $125.00 in a research report on Wednesday, February 28th. Finally, UBS Group decreased their price objective on shares of Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $102.38.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.