Q4 2018 EPS Estimates for Brookdale Senior Living, Inc. Lifted by Jefferies Financial Group (BKD)

Brookdale Senior Living, Inc. (NYSE:BKD) – Equities research analysts at Jefferies Financial Group boosted their Q4 2018 earnings per share estimates for Brookdale Senior Living in a research report issued to clients and investors on Tuesday, November 6th. Jefferies Financial Group analyst B. Tanquilut now expects that the company will post earnings of ($0.18) per share for the quarter, up from their prior forecast of ($0.28). Jefferies Financial Group also issued estimates for Brookdale Senior Living’s Q1 2019 earnings at ($0.23) EPS, Q2 2019 earnings at ($0.23) EPS, Q3 2019 earnings at ($0.22) EPS, Q4 2019 earnings at ($0.21) EPS and FY2019 earnings at ($0.89) EPS.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Monday, November 5th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.08. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Brookdale Senior Living had a negative return on equity of 14.72% and a negative net margin of 13.93%. Brookdale Senior Living’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business earned ($2.22) earnings per share.

Several other brokerages have also recently commented on BKD. Zacks Investment Research raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. JMP Securities raised their target price on Brookdale Senior Living from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. Stifel Nicolaus reduced their target price on Brookdale Senior Living from $9.00 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, August 7th. Finally, ValuEngine raised Brookdale Senior Living from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 28th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.25.

Shares of BKD stock opened at $8.86 on Friday. Brookdale Senior Living has a one year low of $6.28 and a one year high of $11.09. The company has a debt-to-equity ratio of 4.64, a quick ratio of 0.75 and a current ratio of 0.66.

Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd lifted its holdings in shares of Brookdale Senior Living by 265.3% during the second quarter. Point72 Hong Kong Ltd now owns 15,509 shares of the company’s stock valued at $141,000 after acquiring an additional 11,263 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Brookdale Senior Living during the first quarter valued at $118,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Brookdale Senior Living by 127.1% during the second quarter. BNP Paribas Arbitrage SA now owns 18,102 shares of the company’s stock valued at $165,000 after acquiring an additional 10,131 shares during the period. Avestar Capital LLC lifted its holdings in shares of Brookdale Senior Living by 126.2% during the third quarter. Avestar Capital LLC now owns 19,228 shares of the company’s stock valued at $171,000 after acquiring an additional 10,727 shares during the period. Finally, Parametrica Management Ltd bought a new position in shares of Brookdale Senior Living during the third quarter valued at $245,000.

In other news, Director Marcus E. Bromley bought 6,400 shares of Brookdale Senior Living stock in a transaction that occurred on Tuesday, August 14th. The stock was purchased at an average cost of $7.85 per share, with a total value of $50,240.00. Following the completion of the transaction, the director now directly owns 54,619 shares in the company, valued at $428,759.15. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs – Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.

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Earnings History and Estimates for Brookdale Senior Living (NYSE:BKD)

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