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.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on BFAM shares. Barclays dropped their target price on Bright Horizons Family Solutions from $130.00 to $90.00 and set an "overweight" rating for the company in a research note on Thursday, August 4th. 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 for the company in a research note on Wednesday, August 3rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Bright Horizons Family Solutions from $91.00 to $77.00 in a research report 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 report on Wednesday, August 3rd. Finally, BMO Capital Markets decreased 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 report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of "Hold" and a consensus target price of $101.71.
Bright Horizons Family Solutions Trading Up 0.3 %
BFAM traded up $0.21 on Tuesday, reaching $79.17. 276,788 shares of the company's stock were exchanged, compared to its average volume of 476,585. Bright Horizons Family Solutions has a twelve month low of $71.38 and a twelve month high of $171.91. The company's 50 day moving average is $83.73 and its 200-day moving average is $106.41. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 53.49 and a beta of 0.98.
Bright Horizons Family Solutions (NYSE:BFAM - Get Rating) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.61. The company had revenue of $490.34 million during the quarter, compared to analyst estimates of $502.47 million. Bright Horizons Family Solutions had a net margin of 4.74% and a return on equity of 10.72%. During the same quarter in the prior year, the business earned $0.41 earnings per share. Equities analysts predict that Bright Horizons Family Solutions will post 2.34 earnings per share for the current year.