BrightSpring Health Services (BTSGU) Expected to Release Earnings on Friday

BrightSpring Health Services (NASDAQ:BTSGU) is projected to announce its results before the market opens on Friday, July 31st. Analysts expect BrightSpring Health Services to announce earnings of $0.3963 per share and revenue of $3.6606 billion for the quarter.

BrightSpring Health Services Stock Performance

NASDAQ BTSGU opened at $228.37 on Thursday. BrightSpring Health Services has a 52 week low of $68.14 and a 52 week high of $255.51. The stock’s 50 day moving average price is $218.03 and its two-hundred day moving average price is $171.23.

BrightSpring Health Services Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, August 1st. Shareholders of record on Wednesday, July 15th will be paid a $0.8437 dividend. This represents a $3.37 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, July 15th.

Institutional Investors Weigh In On BrightSpring Health Services

Several institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of BrightSpring Health Services by 11.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 164,260 shares of the company’s stock worth $13,560,000 after buying an additional 16,302 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in BrightSpring Health Services in the first quarter valued at about $3,575,000. JPMorgan Chase & Co. raised its stake in BrightSpring Health Services by 69.4% during the second quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock worth $3,627,000 after acquiring an additional 17,994 shares in the last quarter. Jane Street Group LLC acquired a new position in BrightSpring Health Services during the second quarter worth about $870,000. Finally, Morningstar Investment Management LLC acquired a new position in BrightSpring Health Services during the third quarter worth about $829,000.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BrightSpring Health Services in a report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

BrightSpring Health Services Company Profile

BrightSpring Health Services is a leading provider of home and community-based health and support services in the United States. The company specializes in delivering a continuum of care that spans behavioral health, intellectual and developmental disability support, home health care, and respite services. By integrating clinical and non-clinical offerings, BrightSpring seeks to improve patient outcomes, enhance quality of life, and support family caregivers.

Through its behavioral health division, BrightSpring offers individualized therapy, counseling, and crisis intervention for children, adolescents, and adults experiencing mental health challenges.