Bright Horizons Family Solutions (BFAM) Expected to Announce Quarterly Sales of $457.71 Million

Wall Street analysts forecast that Bright Horizons Family Solutions (NYSE:BFAM) will report $457.71 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Bright Horizons Family Solutions’ earnings. The highest sales estimate is $457.98 million and the lowest is $457.44 million. Bright Horizons Family Solutions reported sales of $422.16 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.4%. The firm is scheduled to report its next earnings results after the market closes on Monday, April 30th.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full year sales of $1.89 billion for the current year, with estimates ranging from $1.89 billion to $1.90 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.05 billion per share, with estimates ranging from $2.03 billion to $2.06 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Bright Horizons Family Solutions.

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Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, February 8th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The firm had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $438.99 million. Bright Horizons Family Solutions had a net margin of 9.02% and a return on equity of 20.69%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 earnings per share.

Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Royal Bank of Canada downgraded Bright Horizons Family Solutions from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $95.00 to $98.00 in a research note on Tuesday, April 3rd. They noted that the move was a valuation call. ValuEngine raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Goldman Sachs assumed coverage on Bright Horizons Family Solutions in a research note on Tuesday, March 27th. They issued a “neutral” rating and a $104.00 price objective for the company. Finally, Citigroup upped their price objective on Bright Horizons Family Solutions to $107.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. Bright Horizons Family Solutions currently has a consensus rating of “Hold” and an average target price of $101.67.

Shares of BFAM stock traded down $0.60 on Thursday, reaching $98.99. The company had a trading volume of 252,047 shares, compared to its average volume of 273,132. The stock has a market capitalization of $5,786.32, a P/E ratio of 38.82, a price-to-earnings-growth ratio of 2.25 and a beta of 0.07. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.40. Bright Horizons Family Solutions has a one year low of $71.61 and a one year high of $105.04.

In other Bright Horizons Family Solutions news, EVP Stephen I. Dreier sold 2,798 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $97.00, for a total transaction of $271,406.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David H. Lissy sold 100,000 shares of the stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $102.35, for a total transaction of $10,235,000.00. Following the sale, the chairman now directly owns 327,693 shares of the company’s stock, valued at approximately $33,539,378.55. The disclosure for this sale can be found here. Insiders sold 174,621 shares of company stock valued at $17,629,048 in the last ninety days. 2.90% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Bright Horizons Family Solutions by 5.4% during the 4th quarter. BlackRock Inc. now owns 2,381,378 shares of the company’s stock valued at $223,847,000 after purchasing an additional 122,772 shares during the period. Alliancebernstein L.P. increased its position in Bright Horizons Family Solutions by 9.1% during the 4th quarter. Alliancebernstein L.P. now owns 2,176,000 shares of the company’s stock valued at $204,544,000 after purchasing an additional 182,060 shares during the period. TimesSquare Capital Management LLC increased its position in Bright Horizons Family Solutions by 3.9% during the 4th quarter. TimesSquare Capital Management LLC now owns 2,098,964 shares of the company’s stock valued at $197,303,000 after purchasing an additional 78,395 shares during the period. Goldman Sachs Group Inc. increased its position in Bright Horizons Family Solutions by 25.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,251,082 shares of the company’s stock valued at $117,602,000 after purchasing an additional 254,336 shares during the period. Finally, Brown Advisory Inc. increased its position in Bright Horizons Family Solutions by 0.6% during the 4th quarter. Brown Advisory Inc. now owns 1,213,542 shares of the company’s stock valued at $114,074,000 after purchasing an additional 7,681 shares during the period. 99.04% of the stock is owned by institutional investors and hedge funds.

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About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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