Bright Horizons Family Solutions (BFAM) Set to Announce Earnings on Monday

Bright Horizons Family Solutions (NYSE:BFAM) will be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.96 per share for the quarter. Bright Horizons Family Solutions has set its FY24 guidance at $3.30-3.40 EPS and its FY 2024 guidance at 3.300-3.400 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.15. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The firm had revenue of $670.10 million for the quarter, compared to analysts’ expectations of $666.17 million. During the same period in the previous year, the company earned $0.54 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. 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 Trading Down 0.2 %

Shares of BFAM stock opened at $129.77 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73. The firm has a market cap of $7.53 billion, a P/E ratio of 91.39 and a beta of 1.48. The company has a 50 day moving average of $136.69 and a 200-day moving average of $121.10. Bright Horizons Family Solutions has a 12-month low of $71.65 and a 12-month high of $141.90.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BFAM shares. Robert W. Baird increased their price target on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. UBS Group raised their price objective on shares of Bright Horizons Family Solutions from $128.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. BMO Capital Markets boosted their target price on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. The Goldman Sachs Group lifted their price target on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Barclays increased their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $134.63.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 14,500 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $130.90, for a total value of $1,898,050.00. Following the completion of the transaction, the chief operating officer now directly owns 33,425 shares in the company, valued at approximately $4,375,332.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, General Counsel John Guy Casagrande sold 4,235 shares of Bright Horizons Family Solutions stock in a transaction on Monday, August 5th. The shares were sold at an average price of $129.86, for a total value of $549,957.10. Following the transaction, the general counsel now owns 13,677 shares in the company, valued at $1,776,095.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mary Lou Burke sold 14,500 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $130.90, for a total transaction of $1,898,050.00. Following the sale, the chief operating officer now owns 33,425 shares of the company’s stock, valued at approximately $4,375,332.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,635 shares of company stock worth $3,100,340 over the last 90 days. Corporate insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Company Profile

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.