Stephen I. Dreier Sells 2,798 Shares of Bright Horizons Family Solutions Inc (BFAM) Stock
Bright Horizons Family Solutions Inc (NYSE:BFAM) EVP Stephen I. Dreier sold 2,798 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $97.00, for a total transaction of $271,406.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Bright Horizons Family Solutions Inc (BFAM) traded up $1.38 during midday trading on Friday, reaching $97.51. The company’s stock had a trading volume of 165,154 shares, compared to its average volume of 229,251. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market capitalization of $5,780.00, a P/E ratio of 48.03, a price-to-earnings-growth ratio of 1.68 and a beta of 0.13. Bright Horizons Family Solutions Inc has a 12-month low of $65.00 and a 12-month high of $98.16.
Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.05. The firm had revenue of $433.30 million during the quarter, compared to the consensus estimate of $429.36 million. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share. equities research analysts forecast that Bright Horizons Family Solutions Inc will post 2.5 EPS for the current year.
Several equities research analysts recently weighed in on BFAM shares. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Credit Suisse Group upped their price objective on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. BMO Capital Markets upped their price objective on shares of Bright Horizons Family Solutions from $85.00 to $90.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. Barclays reaffirmed a “buy” rating and set a $105.00 price objective on shares of Bright Horizons Family Solutions in a research report on Wednesday, December 27th. Finally, Citigroup boosted their target price on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Bright Horizons Family Solutions presently has a consensus rating of “Hold” and a consensus target price of $98.25.
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About Bright Horizons Family Solutions
Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.
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