FY2025 Earnings Estimate for BTSG Issued By Leerink Partnrs

Key Points

• Leerink Partners has raised its FY2025 earnings forecast for BrightSpring Health Services to $1.03 per share from $1.00, while the consensus estimate stands at $0.59 per share.
• The company's quarterly earnings reported a strong performance with $0.22 EPS, surpassing estimates and a 15.3% year-over-year revenue increase.
• BrightSpring Health Services has received various ratings, with most analysts giving it a consensus rating of "Moderate Buy" and an average price target of $24.90.

BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) - Analysts at Leerink Partnrs boosted their FY2025 earnings per share (EPS) estimates for BrightSpring Health Services in a report issued on Monday, August 4th. Leerink Partnrs analyst W. Mayo now anticipates that the company will post earnings of $1.03 per share for the year, up from their previous forecast of $1.00. The consensus estimate for BrightSpring Health Services' current full-year earnings is $0.59 per share. Leerink Partnrs also issued estimates for BrightSpring Health Services' FY2029 earnings at $1.87 EPS.

Other equities analysts have also issued reports about the company. Cowen reaffirmed a "buy" rating on shares of BrightSpring Health Services in a report on Monday, August 4th. Wall Street Zen lowered BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. TD Cowen began coverage on BrightSpring Health Services in a report on Monday, June 23rd. They set a "buy" rating and a $37.00 target price for the company. Morgan Stanley upped their target price on BrightSpring Health Services from $20.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company upped their target price on BrightSpring Health Services from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, BrightSpring Health Services has an average rating of "Moderate Buy" and an average price target of $25.67.

BrightSpring Health Services Stock Performance

Shares of NASDAQ:BTSG traded up $0.32 during trading on Wednesday, hitting $20.78. 1,607,944 shares of the company traded hands, compared to its average volume of 2,476,610. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 67.03 and a beta of 2.25. The business's fifty day moving average is $21.56 and its 200-day moving average is $20.52. BrightSpring Health Services has a one year low of $11.38 and a one year high of $25.57. The company has a quick ratio of 1.37, a current ratio of 1.76 and a debt-to-equity ratio of 1.43.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.99 billion. BrightSpring Health Services had a return on equity of 9.29% and a net margin of 0.55%. BrightSpring Health Services's quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share.

Insider Buying and Selling

In related news, insider Jon B. Rousseau sold 531,840 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $21.75, for a total value of $11,567,520.00. Following the completion of the transaction, the insider directly owned 1,184,133 shares of the company's stock, valued at $25,754,892.75. This represents a 30.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Phoenix Aggregator L.P. Kkr sold 13,288,101 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $21.15, for a total value of $281,043,336.15. Following the completion of the sale, the insider owned 79,671,883 shares of the company's stock, valued at $1,685,060,325.45. This trade represents a 14.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,919,941 shares of company stock valued at $337,025,856 over the last three months. Corporate insiders own 3.40% of the company's stock.

Institutional Investors Weigh In On BrightSpring Health Services

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in BrightSpring Health Services in the fourth quarter worth approximately $29,000. Penserra Capital Management LLC acquired a new stake in BrightSpring Health Services in the second quarter worth approximately $139,000. PNC Financial Services Group Inc. lifted its position in BrightSpring Health Services by 1,532.2% in the second quarter. PNC Financial Services Group Inc. now owns 8,161 shares of the company's stock worth $193,000 after purchasing an additional 7,661 shares during the period. IFP Advisors Inc lifted its position in BrightSpring Health Services by 273,666.7% in the first quarter. IFP Advisors Inc now owns 8,213 shares of the company's stock worth $149,000 after purchasing an additional 8,210 shares during the period. Finally, Atria Investments Inc acquired a new stake in shares of BrightSpring Health Services during the 2nd quarter valued at $230,000.

BrightSpring Health Services Company Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.