Bright Horizons Family Solutions (BFAM) to Release Earnings on Thursday

Bright Horizons Family Solutions (NYSE:BFAM) is scheduled to issue its quarterly earnings data after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Bright Horizons Family Solutions has set its FY24 guidance at $3.00-3.20 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The firm had revenue of $622.71 million during the quarter, compared to analysts’ expectations of $614.60 million. Bright Horizons Family Solutions had a return on equity of 12.00% and a net margin of 3.34%. On average, analysts expect Bright Horizons Family Solutions to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Bright Horizons Family Solutions Stock Down 0.4 %

BFAM traded down $0.47 during trading on Tuesday, reaching $120.83. 22,436 shares of the stock traded hands, compared to its average volume of 335,021. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 85.42, a price-to-earnings-growth ratio of 4.51 and a beta of 1.45. Bright Horizons Family Solutions has a fifty-two week low of $71.65 and a fifty-two week high of $122.67. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.51 and a quick ratio of 0.51. The stock’s 50-day simple moving average is $109.52 and its two-hundred day simple moving average is $108.47.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $120.00, for a total transaction of $120,000.00. Following the sale, the chief operating officer now directly owns 35,925 shares of the company’s stock, valued at $4,311,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $120.00, for a total transaction of $120,000.00. Following the sale, the chief operating officer now directly owns 35,925 shares of the company’s stock, valued at $4,311,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 4,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $108.95, for a total value of $435,800.00. Following the sale, the director now directly owns 31,855 shares in the company, valued at $3,470,602.25. The disclosure for this sale can be found here. Insiders have sold a total of 28,447 shares of company stock valued at $3,186,710 over the last three months. 1.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their target price on Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Robert W. Baird raised their target price on Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. BMO Capital Markets raised their target price on Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, The Goldman Sachs Group raised their target price on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of “Hold” and a consensus target price of $107.43.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.