Bright Horizons Family Solutions (BFAM) to Release Earnings on Thursday

Bright Horizons Family Solutions (NYSE:BFAM) will be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Bright Horizons Family Solutions to post earnings of $0.45 per share for the quarter. Bright Horizons Family Solutions has set its FY24 guidance at $3.00-$3.20 EPS and its FY 2024 guidance at 3.000-3.200 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.62 by $0.12. Bright Horizons Family Solutions had a return on equity of 12.24% and a net margin of 3.07%. The company had revenue of $615.65 million during the quarter, compared to analyst estimates of $588.63 million. On average, analysts expect Bright Horizons Family Solutions to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM opened at $106.83 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.56 and a quick ratio of 0.56. Bright Horizons Family Solutions has a one year low of $71.65 and a one year high of $119.21. The firm has a market capitalization of $6.19 billion, a P/E ratio of 84.12, a PEG ratio of 4.07 and a beta of 1.37. The business has a fifty day moving average of $111.44 and a 200 day moving average of $97.55.

Insider Buying and Selling

In related news, CFO Elizabeth J. Boland sold 15,640 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the sale, the chief financial officer now directly owns 89,983 shares in the company, valued at $10,237,365.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Mary Lou Burke sold 1,500 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total value of $157,500.00. Following the sale, the chief operating officer now directly owns 37,253 shares in the company, valued at $3,911,565. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Elizabeth J. Boland sold 15,640 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the completion of the sale, the chief financial officer now owns 89,983 shares in the company, valued at $10,237,365.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,740 shares of company stock worth $1,996,191. Corporate insiders own 1.28% of the company’s stock.

Analysts Set New Price Targets

BFAM has been the topic of several analyst reports. BMO Capital Markets lifted their target price on Bright Horizons Family Solutions from $90.00 to $92.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th. Robert W. Baird lifted their target price on Bright Horizons Family Solutions from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. StockNews.com downgraded Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. UBS Group lowered their target price on Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Finally, The Goldman Sachs Group lifted their target price on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Bright Horizons Family Solutions presently has an average rating of “Hold” and an average price target of $102.38.

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.