Bright Horizons Family Solutions Inc. provides early education and child care, back-up care, educational advisory, and other workplace solutions services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services. The Full Service Center-Based Child Care segment offers traditional center-based child care and early education, preschool, and elementary education services. The Back-Up Care segment provides center-based back-up child care, in-home child and adult/elder dependent care, school-age camps, virtual tutoring, and self-sourced reimbursed care services through child care centers, school-age campuses, and in-home caregivers, as well as the back-up care network. The Educational Advisory and Other Services segment offers tuition assistance and student loan repayment program administration, workforce education, and related educational consulting services, as well as college admissions advisory services. As of December 31, 2021, it operated 1,014 child care and early education centers in the United States, Puerto Rico, the United Kingdom, Canada, the Netherlands, and India. The company was formerly known as Bright Horizons Solutions Corp. and changed its name to Bright Horizons Family Solutions Inc. in July 2012. Bright Horizons Family Solutions Inc. was founded in 1986 and is headquartered in Newton, Massachusetts.
Bright Horizons Family Solutions Price Performance
Shares of NYSE:BFAM traded down $3.08 on Wednesday, hitting $76.09. The company's stock had a trading volume of 471,114 shares, compared to its average volume of 476,550. Bright Horizons Family Solutions has a 12-month low of $71.38 and a 12-month high of $171.91. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 51.41 and a beta of 0.98. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a 50 day moving average of $83.52 and a 200-day moving average of $106.20.
Bright Horizons Family Solutions (NYSE:BFAM - Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61. Bright Horizons Family Solutions had a net margin of 4.74% and a return on equity of 10.72%. The company had revenue of $490.34 million for the quarter, compared to the consensus estimate of $502.47 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. As a group, research analysts predict that Bright Horizons Family Solutions will post 2.34 EPS for the current year.
Wall Street Analyst Weigh In
BFAM has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their price objective on shares of Bright Horizons Family Solutions from $144.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday, August 3rd. Barclays dropped their price target on shares of Bright Horizons Family Solutions from $130.00 to $90.00 and set an "overweight" rating on the stock in a research note on Thursday, August 4th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Bright Horizons Family Solutions from $91.00 to $77.00 in a research note on Wednesday, August 3rd. Robert W. Baird dropped their price target on shares of Bright Horizons Family Solutions from $115.00 to $83.00 in a research note on Wednesday, August 3rd. Finally, BMO Capital Markets dropped their price target on shares of Bright Horizons Family Solutions from $112.00 to $105.00 and set an "outperform" rating on the stock in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Bright Horizons Family Solutions currently has an average rating of "Hold" and a consensus target price of $101.71.