Brookdale Senior Living (NYSE:BKD) Issues Earnings Results

Brookdale Senior Living (NYSE:BKD) posted its quarterly earnings results on Thursday. The company reported ($0.17) EPS for the quarter, missing the consensus estimate 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 business had revenue of $777.54 million during the quarter. During the same period in the prior year, the company posted ($0.15) EPS.

Brookdale Senior Living Stock Down 7.0 %

BKD traded down $0.51 during trading on Friday, hitting $6.81. The stock had a trading volume of 6,506,335 shares, compared to its average volume of 1,950,129. The stock has a 50 day simple moving average of $7.14 and a two-hundred day simple moving average of $6.62. The company has a debt-to-equity ratio of 10.23, a quick ratio of 0.84 and a current ratio of 0.84. Brookdale Senior Living has a twelve month low of $3.62 and a twelve month high of $8.12. The company has a market capitalization of $1.31 billion, a PE ratio of -8.84 and a beta of 1.31.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BKD shares. Royal Bank of Canada reissued an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, July 10th. StockNews.com downgraded Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Friday, June 7th. Finally, Macquarie assumed coverage on Brookdale Senior Living in a research note on Friday, June 28th. They set an “outperform” rating and a $7.50 price objective 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 company. According to MarketBeat.com, Brookdale Senior Living currently has a consensus rating of “Hold” and an average price target of $7.50.

About Brookdale Senior Living

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.