Bright Horizons Family Solutions (NYSE:BFAM) issued an update on its FY20 earnings guidance on Thursday morning. The company provided EPS guidance of $4.11-4.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.16. The company issued revenue guidance of +8-10% (Approx $2.226-2.268 million), compared to the consensus revenue estimate of $2.24 billion.Bright Horizons Family Solutions also updated its FY 2020
After-Hours guidance to 4.11-4.18 EPS.
BFAM traded down $1.42 on Friday, reaching $172.32. 638,892 shares of the company traded hands. Bright Horizons Family Solutions has a one year low of $119.69 and a one year high of $176.98. The firm has a fifty day simple moving average of $161.90 and a two-hundred day simple moving average of $155.50.
A number of research analysts have commented on BFAM shares. BMO Capital Markets raised their target price on shares of Bright Horizons Family Solutions from $167.00 to $178.00 and gave the company an outperform rating in a research report on Friday, January 10th. ValuEngine downgraded shares of Bright Horizons Family Solutions from a sell rating to a strong sell rating in a research report on Tuesday, February 4th. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a sell rating to a hold rating in a research report on Monday, December 30th. Finally, Jefferies Financial Group started coverage on shares of Bright Horizons Family Solutions in a research report on Wednesday, November 27th. They set a buy rating and a $177.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Bright Horizons Family Solutions currently has an average rating of Hold and an average target price of $161.00.
About Bright Horizons Family Solutions
Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.
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