Leerink Partnrs Analysts Boost Earnings Estimates for BrightSpring Health Services, Inc. (NASDAQ:BTSG)

BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) - Equities research analysts at Leerink Partnrs boosted their FY2028 earnings per share (EPS) estimates for BrightSpring Health Services in a research note issued to investors on Tuesday, May 7th. Leerink Partnrs analyst W. Mayo now anticipates that the company will earn $1.64 per share for the year, up from their previous forecast of $1.40. Leerink Partnrs currently has a "Outperform" rating on the stock. The consensus estimate for BrightSpring Health Services' current full-year earnings is $0.67 per share.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.06. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.31 billion. The business's revenue for the quarter was up 27.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.10) EPS.

Other equities analysts have also recently issued reports about the company. HSBC began coverage on BrightSpring Health Services in a report on Wednesday, March 6th. They issued a "buy" rating and a $13.00 target price on the stock. Bank of America assumed coverage on BrightSpring Health Services in a research note on Tuesday, February 20th. They set a "buy" rating and a $14.00 price objective on the stock. UBS Group assumed coverage on BrightSpring Health Services in a research note on Tuesday, February 20th. They set a "buy" rating and a $15.00 price objective on the stock. Jefferies Financial Group assumed coverage on BrightSpring Health Services in a research note on Tuesday, February 20th. They set a "buy" rating and a $18.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on BrightSpring Health Services in a research note on Tuesday, February 20th. They set an "overweight" rating and a $18.00 price objective on the stock. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $15.85.

BrightSpring Health Services Stock Performance

NASDAQ:BTSG traded down $0.27 on Friday, reaching $11.24. 565,783 shares of the stock traded hands, compared to its average volume of 2,028,859. BrightSpring Health Services has a 1-year low of $7.85 and a 1-year high of $12.14. The firm has a 50 day moving average of $10.16. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.84 and a current ratio of 1.17.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new stake in shares of BrightSpring Health Services during the 1st quarter valued at about $54,638,000. Capstone Investment Advisors LLC bought a new stake in BrightSpring Health Services in the first quarter valued at approximately $9,722,000. Seven Grand Managers LLC bought a new stake in BrightSpring Health Services in the first quarter valued at approximately $1,630,000. Finally, BNP Paribas Financial Markets bought a new stake in BrightSpring Health Services in the first quarter valued at approximately $280,000.

Insider Activity

In other BrightSpring Health Services news, CAO Jennifer A. Phipps bought 12,300 shares of the firm's stock in a transaction dated Thursday, March 14th. The stock was purchased at an average cost of $8.14 per share, with a total value of $100,122.00. Following the transaction, the chief accounting officer now directly owns 165,618 shares in the company, valued at approximately $1,348,130.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Jennifer A. Phipps acquired 12,300 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average price of $8.14 per share, with a total value of $100,122.00. Following the acquisition, the chief accounting officer now owns 165,618 shares in the company, valued at approximately $1,348,130.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James F. Mattingly, Jr. acquired 12,280 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $8.18 per share, with a total value of $100,450.40. Following the acquisition, the insider now owns 128,700 shares in the company, valued at approximately $1,052,766. The disclosure for this purchase can be found here.

About BrightSpring Health Services

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.