Bright Horizons Family Solutions (NYSE:BFAM) Issues FY20 Earnings Guidance

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.

In other Bright Horizons Family Solutions news, CEO Stephen Howard Kramer sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $162.52, for a total transaction of $568,820.00. Following the transaction, the chief executive officer now owns 80,175 shares of the company’s stock, valued at approximately $13,030,041. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Ann Tocio sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $150.47, for a total transaction of $3,009,400.00. Following the transaction, the director now directly owns 122,282 shares in the company, valued at approximately $18,399,772.54. The disclosure for this sale can be found here. Insiders have sold a total of 36,834 shares of company stock worth $5,587,221 in the last three months. Insiders own 1.90% of the company’s stock.

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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