Bright Horizons Family Solutions (NYSE:BFAM) Releases FY 2024 Earnings Guidance

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 3.000-3.200 for the period, compared to the consensus estimate of 3.080. The company issued revenue guidance of $2.6 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a buy rating in a report on Wednesday, April 10th. UBS Group lowered their price objective on shares of Bright Horizons Family Solutions from $103.00 to $102.00 and set a neutral rating for the company in a research report on Wednesday, February 14th. StockNews.com downgraded shares of Bright Horizons Family Solutions from a hold rating to a sell rating in a report on Wednesday, February 21st. BMO Capital Markets upped their target price on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a market perform rating in a research report on Friday. Finally, Barclays raised Bright Horizons Family Solutions from an equal weight rating to an overweight rating and boosted their price objective for the stock from $100.00 to $125.00 in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $106.63.

Bright Horizons Family Solutions Trading Up 6.7 %

Shares of BFAM stock traded up $6.96 on Friday, reaching $111.23. 651,825 shares of the company's stock were exchanged, compared to its average volume of 339,075. The company's fifty day simple moving average is $111.05 and its 200 day simple moving average is $98.46. Bright Horizons Family Solutions has a 52 week low of $71.65 and a 52 week high of $119.21. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $6.45 billion, a PE ratio of 87.58, a P/E/G ratio of 3.99 and a beta of 1.38.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, topping 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 return on equity of 12.24% and a net margin of 3.07%. As a group, analysts forecast that Bright Horizons Family Solutions will post 2.69 EPS for the current year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,500 shares of the company's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total value of $157,500.00. Following the completion of the sale, the chief operating officer now directly owns 37,253 shares in the company, valued at approximately $3,911,565. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Elizabeth J. Boland sold 15,640 shares of the business's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Mary Lou Burke sold 1,500 shares of the business's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief operating officer now owns 37,253 shares of the company's stock, valued at $3,911,565. The disclosure for this sale can be found here. Insiders own 1.28% of the company's stock.

Bright Horizons Family Solutions Company Profile

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.