Bright Horizons Family Solutions (NYSE:BFAM) Announces Earnings Results, Misses Estimates By $0.03 EPS

Bright Horizons Family Solutions (NYSE:BFAM) issued its quarterly earnings data on Thursday. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03), Zacks reports. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%.

Bright Horizons Family Solutions Price Performance

NYSE BFAM traded up $0.63 during trading on Thursday, hitting $118.91. 685,272 shares of the company’s stock were exchanged, compared to its average volume of 406,516. The company has a market cap of $6.92 billion, a PE ratio of 59.75 and a beta of 1.45. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. The stock’s 50 day moving average price is $114.93 and its two-hundred day moving average price is $124.55.

Insider Activity

In other news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the transaction, the director now directly owns 25,257 shares in the company, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.22% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BFAM shares. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Morgan Stanley lowered their price objective on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research note on Tuesday. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price for the company in a research report on Friday, November 22nd. Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Finally, UBS Group dropped their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $135.33.

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.