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.
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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