Bright Horizons Family Solutions Inc (BFAM) Expected to Post Quarterly Sales of $497.41 Million

Equities analysts expect Bright Horizons Family Solutions Inc (NYSE:BFAM) to announce sales of $497.41 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Bright Horizons Family Solutions’ earnings, with the highest sales estimate coming in at $498.37 million and the lowest estimate coming in at $496.45 million. Bright Horizons Family Solutions reported sales of $463.66 million during the same quarter last year, which suggests a positive year over year growth rate of 7.3%. The company is expected to issue its next earnings results on Monday, April 29th.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full-year sales of $2.06 billion for the current financial year. For the next financial year, analysts anticipate that the business will post sales of $2.22 billion, with estimates ranging from $2.22 billion to $2.23 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, February 12th. The company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.11. The firm had revenue of $478.00 million for the quarter, compared to analyst estimates of $481.48 million. Bright Horizons Family Solutions had a net margin of 8.30% and a return on equity of 23.49%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 earnings per share.

A number of brokerages recently issued reports on BFAM. Citigroup increased their price target on shares of Bright Horizons Family Solutions from $117.00 to $126.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. ValuEngine raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Zacks Investment Research downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 1st. BMO Capital Markets increased their price target on shares of Bright Horizons Family Solutions from $120.00 to $122.00 and gave the stock a “market perform” rating in a report on Wednesday, February 13th. Finally, Bank of America reissued a “neutral” rating and set a $123.00 price target (up from $115.00) on shares of Bright Horizons Family Solutions in a report on Wednesday, February 13th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Bright Horizons Family Solutions has an average rating of “Hold” and an average target price of $119.44.

NYSE BFAM traded up $0.46 during mid-day trading on Friday, reaching $125.55. 121,714 shares of the stock were exchanged, compared to its average volume of 216,424. Bright Horizons Family Solutions has a 1 year low of $91.29 and a 1 year high of $126.48. The company has a market capitalization of $7.26 billion, a PE ratio of 41.44, a price-to-earnings-growth ratio of 3.53 and a beta of 0.34. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.40 and a current ratio of 0.40.

In other Bright Horizons Family Solutions news, Chairman David H. Lissy sold 37,673 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $124.68, for a total transaction of $4,697,069.64. Following the transaction, the chairman now directly owns 325,995 shares of the company’s stock, valued at $40,645,056.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Elizabeth J. Boland sold 3,500 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of $123.12, for a total transaction of $430,920.00. Following the transaction, the chief financial officer now directly owns 133,841 shares in the company, valued at $16,478,503.92. The disclosure for this sale can be found here. Insiders have sold 67,225 shares of company stock worth $8,250,394 over the last three months. 2.20% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Bright Horizons Family Solutions by 2.6% during the third quarter. Vanguard Group Inc. now owns 5,004,064 shares of the company’s stock valued at $589,678,000 after purchasing an additional 126,335 shares in the last quarter. Vanguard Group Inc lifted its holdings in Bright Horizons Family Solutions by 2.6% during the third quarter. Vanguard Group Inc now owns 5,004,064 shares of the company’s stock valued at $589,678,000 after purchasing an additional 126,335 shares in the last quarter. BlackRock Inc. lifted its holdings in Bright Horizons Family Solutions by 6.2% during the fourth quarter. BlackRock Inc. now owns 2,938,167 shares of the company’s stock valued at $327,460,000 after purchasing an additional 170,349 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Bright Horizons Family Solutions by 10.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,888,688 shares of the company’s stock valued at $210,494,000 after purchasing an additional 186,139 shares in the last quarter. Finally, Capital World Investors lifted its holdings in Bright Horizons Family Solutions by 23.0% during the third quarter. Capital World Investors now owns 1,697,500 shares of the company’s stock valued at $200,033,000 after purchasing an additional 316,987 shares in the last quarter. 96.89% of the stock is currently owned by institutional investors and hedge funds.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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