Brookdale Senior Living (NYSE:BKD) Issues Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Brookdale Senior Living (NYSE:BKD) released its quarterly earnings results on Wednesday. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06), Zacks reports. The firm had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. During the same quarter last year, the firm earned ($0.22) earnings per share.

Brookdale Senior Living Trading Down 1.9 %

Shares of BKD stock traded down $0.11 on Friday, reaching $5.59. The company had a trading volume of 858,184 shares, compared to its average volume of 2,030,358. The company has a 50-day moving average of $6.46 and a 200-day moving average of $6.84. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 11.21. The stock has a market cap of $1.11 billion, a PE ratio of -6.18 and a beta of 1.32. Brookdale Senior Living has a 12 month low of $4.04 and a 12 month high of $8.12.

Analyst Ratings Changes

A number of research firms have recently issued reports on BKD. Macquarie reiterated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Bank of America downgraded Brookdale Senior Living from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Jefferies Financial Group assumed coverage on Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price objective on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $7.75.

About Brookdale Senior Living

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.