Bright Horizons Family Solutions (BFAM) to Release Quarterly Earnings on Thursday

Bright Horizons Family Solutions (NYSE:BFAM) is scheduled to be releasing its earnings data after the market closes on Thursday, August 1st. Analysts expect Bright Horizons Family Solutions to post earnings of $0.62 per share for the quarter. Bright Horizons Family Solutions has set its FY24 guidance at $3.00-3.20 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.06. The business had revenue of $622.71 million for the quarter, compared to analysts’ expectations of $614.60 million. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.00%. 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 Stock Performance

BFAM stock traded down $0.47 during mid-day trading on Tuesday, hitting $120.83. The company had a trading volume of 22,436 shares, compared to its average volume of 335,021. The firm has a market cap of $7.01 billion, a PE ratio of 85.42, a price-to-earnings-growth ratio of 4.51 and a beta of 1.45. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.51 and a current ratio of 0.51. Bright Horizons Family Solutions has a 12 month low of $71.65 and a 12 month high of $122.67. The stock’s fifty day moving average price is $109.52 and its two-hundred day moving average price is $108.47.

Insider Activity

In related news, CEO Stephen Howard Kramer sold 11,250 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $113.95, for a total transaction of $1,281,937.50. Following the sale, the chief executive officer now owns 122,573 shares of the company’s stock, valued at approximately $13,967,193.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Jason Janoff sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $113.79, for a total transaction of $682,740.00. Following the sale, the chief accounting officer now owns 8,955 shares of the company’s stock, valued at approximately $1,018,989.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen Howard Kramer sold 11,250 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $113.95, for a total transaction of $1,281,937.50. Following the sale, the chief executive officer now directly owns 122,573 shares in the company, valued at approximately $13,967,193.35. The disclosure for this sale can be found here. Insiders have sold a total of 28,447 shares of company stock valued at $3,186,710 over the last quarter. Company insiders own 1.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on BFAM shares. BMO Capital Markets lifted their price objective on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. The Goldman Sachs Group lifted their price objective on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price objective on shares of Bright Horizons Family Solutions from $107.00 to $119.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, Robert W. Baird boosted their price target on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $107.43.

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.