BrightSpring Health Services (BTSG) Set to Announce Quarterly Earnings on Thursday

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) is set to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect BrightSpring Health Services to post earnings of $0.06 per share for the quarter. BrightSpring Health Services has set its FY 2024 guidance at EPS.Parties interested in listening to the company's conference call can do so using this link.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.21). The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.36 billion. The business's revenue was up 20.5% on a year-over-year basis. On average, analysts expect BrightSpring Health Services to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

BrightSpring Health Services Trading Down 3.4 %

Shares of BrightSpring Health Services stock traded down $0.37 during trading hours on Thursday, hitting $10.41. 530,545 shares of the company's stock traded hands, compared to its average volume of 2,212,236. BrightSpring Health Services has a 12-month low of $7.85 and a 12-month high of $12.14. The company has a debt-to-equity ratio of 5.73, a current ratio of 1.17 and a quick ratio of 0.84. The stock's fifty day moving average is $9.87.

Analyst Ratings Changes

A number of research firms have weighed in on BTSG. Guggenheim started coverage on shares of BrightSpring Health Services in a research note on Tuesday, February 20th. They issued a "buy" rating and a $15.00 target price on the stock. The Goldman Sachs Group decreased their target price on BrightSpring Health Services from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Monday, March 4th. SVB Leerink initiated coverage on BrightSpring Health Services in a research report on Tuesday, February 20th. They set an "outperform" rating and a $15.00 price target on the stock. Jefferies Financial Group started coverage on BrightSpring Health Services in a report on Tuesday, February 20th. They issued a "buy" rating and a $18.00 price objective for the company. Finally, HSBC initiated coverage on shares of BrightSpring Health Services in a report on Wednesday, March 6th. They set a "buy" rating and a $13.00 price objective on the stock. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $15.75.

Insiders Place Their Bets

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