News stories about Bright Horizons Family Solutions (NYSE:BFAM) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bright Horizons Family Solutions earned a news impact score of 0.10 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.6092871948476 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of research analysts have recently weighed in on BFAM shares. BidaskClub upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reiterated a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Friday, August 4th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $92.00 price objective (up previously from $90.00) on shares of Bright Horizons Family Solutions in a research note on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $85.83.
Bright Horizons Family Solutions (BFAM) opened at 85.07 on Wednesday. The company has a 50-day moving average of $82.55 and a 200-day moving average of $78.32. The company has a market cap of $5.03 billion, a P/E ratio of 45.39 and a beta of 0.14. Bright Horizons Family Solutions has a 52 week low of $59.00 and a 52 week high of $88.13.
Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The company had revenue of $445.55 million during the quarter, compared to the consensus estimate of $443.90 million. During the same period in the previous year, the firm earned $0.61 earnings per share. Bright Horizons Family Solutions’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities research analysts predict that Bright Horizons Family Solutions will post $2.64 EPS for the current year.
In related news, Director Mary Ann Tocio sold 6,666 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $80.09, for a total value of $533,879.94. Following the completion of the transaction, the director now owns 67,284 shares in the company, valued at approximately $5,388,775.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elizabeth J. Boland sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $82.33, for a total transaction of $823,300.00. Following the transaction, the chief financial officer now owns 150,717 shares of the company’s stock, valued at approximately $12,408,530.61. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,763 shares of company stock worth $4,840,490. Corporate insiders own 2.90% of the company’s stock.
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Bright Horizons Family Solutions Company Profile
Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.
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