Bright Horizons Family Solutions Inc. (BFAM) Releases FY17 Earnings Guidance

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.

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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.

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