Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) is set to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Bright Horizons Family Solutions has set its FY24 guidance at $3.00-$3.20 EPS and its FY 2024 guidance at 3.000-3.200 EPS.Investors interested in participating in the company's conference call can do so using this link.
Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.12. The business had revenue of $615.65 million for the quarter, compared to analyst estimates of $588.63 million. Bright Horizons Family Solutions had a net margin of 3.07% and a return on equity of 12.24%. On average, analysts expect Bright Horizons Family Solutions to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Bright Horizons Family Solutions Stock Performance
Shares of NYSE:BFAM traded down $0.59 during midday trading on Thursday, reaching $106.24. The company's stock had a trading volume of 212,675 shares, compared to its average volume of 338,271. The firm has a market capitalization of $6.16 billion, a PE ratio of 84.28, a P/E/G ratio of 4.14 and a beta of 1.37. Bright Horizons Family Solutions has a twelve month low of $71.65 and a twelve month high of $119.21. The stock has a fifty day moving average of $111.46 and a 200 day moving average of $97.61. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.78.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Bright Horizons Family Solutions from $94.00 to $105.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. StockNews.com downgraded shares of Bright Horizons Family Solutions from a "hold" rating to a "sell" rating in a research report on Wednesday, February 21st. The Goldman Sachs Group upped their price target on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. upped their price target on shares of Bright Horizons Family Solutions from $93.00 to $107.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 14th. Finally, Barclays upgraded shares of Bright Horizons Family Solutions from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $100.00 to $125.00 in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $102.38.
View Our Latest Research Report on Bright Horizons Family Solutions
Insider Buying and Selling
In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 15,640 shares of the firm's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the transaction, the chief financial officer now directly owns 89,983 shares of the company's stock, valued at approximately $10,237,365.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Elizabeth J. Boland sold 15,640 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the sale, the chief financial officer now owns 89,983 shares of the company's stock, valued at $10,237,365.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Mary Lou Burke sold 600 shares of the business's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $98.88, for a total transaction of $59,328.00. Following the sale, the chief operating officer now directly owns 38,753 shares in the company, valued at approximately $3,831,896.64. The disclosure for this sale can be found here. Insiders have sold 17,740 shares of company stock worth $1,996,191 in the last ninety days. 1.28% of the stock is owned by corporate insiders.
About Bright Horizons Family Solutions
(
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Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.
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