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

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

Brookdale Senior Living Price Performance

Shares of BKD stock traded down $0.11 during trading hours on Friday, hitting $5.59. The company had a trading volume of 858,184 shares, compared to its average volume of 2,030,358. Brookdale Senior Living has a 12 month low of $4.04 and a 12 month high of $8.12. The company has a debt-to-equity ratio of 11.21, a quick ratio of 0.79 and a current ratio of 0.79. The firm’s fifty day moving average is $6.46 and its 200 day moving average is $6.84. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -6.18 and a beta of 1.32.

Analyst Upgrades and Downgrades

BKD has been the topic of several research reports. Bank of America lowered Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $7.75 to $6.00 in a research note on Monday, October 7th. Jefferies Financial Group initiated coverage on Brookdale Senior Living in a research report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Finally, Macquarie reiterated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two investment 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 company currently has an average rating of “Hold” and an average target price 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.