FY2025 Earnings Forecast 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) - Stock analysts at Leerink Partnrs increased their FY2025 earnings estimates for BrightSpring Health Services in a research note issued to investors on Monday, August 4th. Leerink Partnrs analyst W. Mayo now forecasts that the company will post earnings of $1.03 per share for the year, up from their prior 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.

A number of other research analysts also recently weighed in on BTSG. Cowen restated a "buy" rating on shares of BrightSpring Health Services in a research note on Monday. Wall Street Zen downgraded BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Wells Fargo & Company raised their target price on shares of BrightSpring Health Services from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Morgan Stanley raised their target price on shares of BrightSpring Health Services from $20.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, TD Cowen started coverage on shares of BrightSpring Health Services in a research note on Monday, June 23rd. They issued a "buy" rating and a $37.00 target price for the company. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, BrightSpring Health Services currently has a consensus rating of "Moderate Buy" and an average price target of $24.90.

BrightSpring Health Services Price Performance

NASDAQ:BTSG opened at $19.85 on Wednesday. BrightSpring Health Services has a 52-week low of $11.06 and a 52-week high of $25.57. The company has a market cap of $3.52 billion, a P/E ratio of 64.03 and a beta of 2.25. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.37 and a current ratio of 1.76. The stock's 50-day simple moving average is $21.74 and its 200 day simple moving average is $20.51.

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

Institutional Trading of BrightSpring Health Services

Several institutional investors have recently added to or reduced their stakes in BTSG. T. Rowe Price Investment Management Inc. boosted its stake in BrightSpring Health Services by 264.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,772,772 shares of the company's stock valued at $104,430,000 after purchasing an additional 4,189,805 shares during the period. FMR LLC boosted its stake in BrightSpring Health Services by 21.6% in the 4th quarter. FMR LLC now owns 22,102,490 shares of the company's stock valued at $376,405,000 after purchasing an additional 3,933,303 shares during the period. Invesco Ltd. boosted its stake in BrightSpring Health Services by 41.0% in the 1st quarter. Invesco Ltd. now owns 6,172,597 shares of the company's stock valued at $111,662,000 after purchasing an additional 1,794,035 shares during the period. Nuveen LLC bought a new stake in BrightSpring Health Services in the 1st quarter valued at $29,333,000. Finally, Vanguard Group Inc. boosted its stake in BrightSpring Health Services by 24.6% in the 1st quarter. Vanguard Group Inc. now owns 6,633,744 shares of the company's stock valued at $120,004,000 after purchasing an additional 1,308,651 shares during the period.

Insiders Place Their Bets

In related news, insider Jon B. Rousseau sold 531,840 shares of the stock in a transaction 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 sale, the insider owned 1,184,133 shares in the company, valued at approximately $25,754,892.75. This represents a 30.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Phoenix Aggregator L.P. Kkr sold 2,100,000 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $21.15, for a total value of $44,415,000.00. Following the completion of the sale, the insider owned 77,096,337 shares in the company, valued at approximately $1,630,587,527.55. This trade represents a 2.65% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,919,941 shares of company stock worth $337,025,856. 3.40% of the stock is owned by company insiders.

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.

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