Bright Horizons Family Solutions (BFAM) Issues FY 2019 Earnings Guidance

Bright Horizons Family Solutions (NYSE:BFAM) updated its FY 2019 earnings guidance on Tuesday. The company provided EPS guidance of $3.57-3.63 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.59. The company issued revenue guidance of $2.055-2.094 billion, compared to the consensus revenue estimate of $2.07 billion.Bright Horizons Family Solutions also updated its FY19 guidance to $3.57-$3.63 EPS.

A number of equities analysts have commented on the company. BMO Capital Markets boosted their price objective on Bright Horizons Family Solutions from $120.00 to $122.00 and gave the stock a market perform rating in a research note on Wednesday. Bank of America boosted their price objective on Bright Horizons Family Solutions from $115.00 to $123.00 and gave the stock a neutral rating in a research note on Wednesday. ValuEngine raised Bright Horizons Family Solutions from a hold rating to a buy rating in a research note on Friday, February 8th. Zacks Investment Research lowered Bright Horizons Family Solutions from a buy rating to a hold rating in a research note on Tuesday, January 1st. Finally, Robert W. Baird upped their price target on Bright Horizons Family Solutions from $115.00 to $122.00 and gave the company a neutral rating in a research note on Friday, November 2nd. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $117.89.

Shares of BFAM traded up $2.64 during trading hours on Wednesday, hitting $120.11. 4,478 shares of the stock traded hands, compared to its average volume of 201,031. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 1.33. Bright Horizons Family Solutions has a 1-year low of $91.29 and a 1-year high of $123.93. The firm has a market capitalization of $6.85 billion, a PE ratio of 48.03 and a beta of 0.35.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Tuesday, February 12th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.11. Bright Horizons Family Solutions had a return on equity of 22.55% and a net margin of 8.73%. The business had revenue of $478.00 million for the quarter, compared to analyst estimates of $481.48 million. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts anticipate that Bright Horizons Family Solutions will post 2.97 EPS for the current year.

In related news, CEO Stephen Howard Kramer sold 3,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $116.61, for a total value of $349,830.00. Following the completion of the sale, the chief executive officer now owns 94,400 shares in the company, valued at $11,007,984. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director E Townes Duncan sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $117.39, for a total value of $234,780.00. The disclosure for this sale can be found here. Insiders have sold 35,645 shares of company stock worth $4,304,405 in the last ninety days. 2.20% of the stock is currently owned by insiders.

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About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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