Brokerages expect that Bright Horizons Family Solutions Inc (NYSE:BFAM) will report earnings of $0.84 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bright Horizons Family Solutions’ earnings, with estimates ranging from $0.83 to $0.85. Bright Horizons Family Solutions posted earnings of $0.73 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.1%. The firm is scheduled to issue its next quarterly earnings results on Thursday, February 14th.

On average, analysts expect that Bright Horizons Family Solutions will report full year earnings of $3.15 per share for the current year, with EPS estimates ranging from $3.14 to $3.16. For the next year, analysts anticipate that the company will post earnings of $3.55 per share, with EPS estimates ranging from $3.48 to $3.61. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.73. The business had revenue of $472.00 million during the quarter, compared to the consensus estimate of $471.85 million. Bright Horizons Family Solutions had a net margin of 8.73% and a return on equity of 22.55%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share.

A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Wednesday, November 7th. Robert W. Baird upped their price objective on shares of Bright Horizons Family Solutions from $115.00 to $122.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. Barclays upped their price objective on shares of Bright Horizons Family Solutions from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 2nd. BMO Capital Markets decreased their price objective on shares of Bright Horizons Family Solutions from $123.00 to $120.00 and set a “market perform” rating for the company in a research report on Tuesday, November 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Bright Horizons Family Solutions from $121.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 2nd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $113.36.

In related news, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $119.62, for a total transaction of $299,050.00. Following the completion of the transaction, the director now owns 64,043 shares in the company, valued at approximately $7,660,823.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 1,100 shares of the company’s stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $113.34, for a total transaction of $124,674.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,845 shares of company stock valued at $6,435,098. Insiders own 2.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $147,000. First Hawaiian Bank acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $158,000. Advisors Asset Management Inc. raised its position in shares of Bright Horizons Family Solutions by 242.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,672 shares of the company’s stock worth $171,000 after purchasing an additional 1,184 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $200,000. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $213,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Shares of Bright Horizons Family Solutions stock traded down $3.00 during trading hours on Monday, reaching $116.26. The stock had a trading volume of 207,128 shares, compared to its average volume of 242,899. The company has a market cap of $6.93 billion, a P/E ratio of 45.59, a price-to-earnings-growth ratio of 3.35 and a beta of 0.23. Bright Horizons Family Solutions has a twelve month low of $90.74 and a twelve month high of $123.93. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.39 and a current ratio of 0.39.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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