Bright Horizons Family Solutions Inc. (NYSE:BFAM) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of +22% yo $2.63 for the period, compared to the Thomson Reuters consensus estimate of $2.64. The company issued revenue guidance of +10-11% to ~$1.72-1.74 billion, compared to the consensus revenue estimate of $1.74 billion.
A number of brokerages have recently issued reports on BFAM. Credit Suisse Group increased their price target on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a neutral rating in a report on Thursday. BMO Capital Markets raised their target price on shares of Bright Horizons Family Solutions from $85.00 to $90.00 and gave the company a market perform rating in a research note on Thursday. BidaskClub downgraded shares of 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 shares of Bright Horizons Family Solutions from a buy rating to a hold rating in a research note on Tuesday, October 3rd. Finally, Barclays PLC raised their target price on shares of 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $87.83.
Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.05. The business had revenue of $433.30 million for the quarter, compared to analysts’ expectations of $429.36 million. Bright Horizons Family Solutions had a return on equity of 20.16% and a net margin of 7.22%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS.
In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 750 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $79.85, for a total value of $59,887.50. Following the sale, the chief operating officer now owns 32,016 shares in the company, valued at $2,556,477.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Elizabeth J. Boland sold 29,681 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 141,491 shares in the company, valued at approximately $11,170,714.45. The disclosure for this sale can be found here. Insiders have sold a total of 80,444 shares of company stock worth $6,516,524 over the last ninety days. Insiders own 2.90% of the company’s stock.
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.
What are top analysts saying about Bright Horizons Family Solutions Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Bright Horizons Family Solutions Inc. and related companies.