Brookdale Senior Living (NYSE:BKD) Releases Earnings Results, Misses Estimates By $0.04 EPS

Brookdale Senior Living (NYSE:BKD) released its quarterly earnings data on Thursday. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04), Zacks reports. Brookdale Senior Living had a negative net margin of 5.71% and a negative return on equity of 44.72%. The firm had revenue of $777.54 million during the quarter. During the same period in the prior year, the business earned ($0.15) EPS.

Brookdale Senior Living Stock Down 7.0 %

BKD stock traded down $0.51 during trading on Friday, hitting $6.81. 6,506,335 shares of the stock traded hands, compared to its average volume of 1,950,129. Brookdale Senior Living has a 1 year low of $3.62 and a 1 year high of $8.12. The firm’s 50 day moving average is $7.14 and its two-hundred day moving average is $6.62. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -8.84 and a beta of 1.31. The company has a debt-to-equity ratio of 10.23, a current ratio of 0.84 and a quick ratio of 0.84.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BKD shares. Royal Bank of Canada reissued an “outperform” rating and issued a $9.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, July 10th. StockNews.com cut shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Finally, Macquarie began coverage on shares of Brookdale Senior Living in a research note on Friday, June 28th. They issued an “outperform” rating and a $7.50 price target for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Brookdale Senior Living has an average rating of “Hold” and an average target price of $7.50.

Brookdale Senior Living Company Profile

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.