Bright Horizons Family Solutions Inc. (BFAM) Set to Announce Earnings on Wednesday

Bright Horizons Family Solutions Inc. (NYSE:BFAM) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect Bright Horizons Family Solutions to post earnings of $0.61 per share for the quarter.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a return on equity of 19.19% and a net margin of 6.91%. The company had revenue of $445.55 million during the quarter, compared to analyst estimates of $443.90 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. Bright Horizons Family Solutions’s revenue was up 10.8% on a year-over-year basis. On average, analysts expect Bright Horizons Family Solutions to post $2.64 EPS for the current fiscal year and $2.95 EPS for the next fiscal year.

Bright Horizons Family Solutions Inc. (NYSE:BFAM) opened at 85.69 on Tuesday. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 45.73 and a beta of 0.14. The stock’s 50 day moving average price is $84.31 and its 200 day moving average price is $79.47. Bright Horizons Family Solutions Inc. has a one year low of $59.00 and a one year high of $88.13.

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In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 29,681 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $78.95, for a total value of $2,343,314.95. Following the sale, the chief financial officer now owns 141,491 shares of the company’s stock, valued at approximately $11,170,714.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Elizabeth J. Boland sold 19,681 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $85.16, for a total value of $1,676,033.96. Following the completion of the transaction, the chief financial officer now owns 152,977 shares of the company’s stock, valued at approximately $13,027,521.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,444 shares of company stock worth $6,516,524. Corporate insiders own 2.90% of the company’s stock.

Several brokerages recently issued reports on BFAM. BMO Capital Markets reissued a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, October 25th. BidaskClub downgraded Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 10th. Zacks Investment Research downgraded Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Barclays PLC lifted their target price on Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Bright Horizons Family Solutions currently has an average rating of “Buy” and an average price target of $85.83.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

Earnings History for Bright Horizons Family Solutions (NYSE:BFAM)

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