Bright Horizons Family Solutions (NYSE:BFAM) Posts Earnings Results

Bright Horizons Family Solutions (NYSE:BFAM) announced its quarterly earnings data on Tuesday. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03, FiscalAI reports. The company had revenue of $712.22 million during the quarter, compared to analysts’ expectations of $713.35 million. Bright Horizons Family Solutions had a net margin of 6.58% and a return on equity of 17.41%.

Bright Horizons Family Solutions Stock Up 0.9%

Shares of NYSE:BFAM traded up $0.73 during midday trading on Tuesday, hitting $81.61. 1,056,891 shares of the company’s stock traded hands, compared to its average volume of 858,928. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market cap of $4.31 billion, a PE ratio of 24.29, a P/E/G ratio of 1.37 and a beta of 1.28. The firm’s fifty day moving average price is $79.45 and its two-hundred day moving average price is $90.68. Bright Horizons Family Solutions has a twelve month low of $63.68 and a twelve month high of $132.99.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter worth about $191,952,000. AQR Capital Management LLC boosted its position in shares of Bright Horizons Family Solutions by 64.4% in the fourth quarter. AQR Capital Management LLC now owns 1,579,757 shares of the company’s stock worth $160,124,000 after buying an additional 619,067 shares during the period. Millennium Management LLC grew its stake in shares of Bright Horizons Family Solutions by 14.3% in the fourth quarter. Millennium Management LLC now owns 1,329,253 shares of the company’s stock valued at $134,786,000 after buying an additional 165,962 shares in the last quarter. Morgan Stanley grew its stake in shares of Bright Horizons Family Solutions by 25.7% in the fourth quarter. Morgan Stanley now owns 1,066,234 shares of the company’s stock valued at $108,116,000 after buying an additional 217,963 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Bright Horizons Family Solutions by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,017,731 shares of the company’s stock valued at $103,200,000 after buying an additional 30,184 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. UBS Group set a $93.00 target price on Bright Horizons Family Solutions in a research report on Friday, February 13th. Weiss Ratings lowered Bright Horizons Family Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. The Goldman Sachs Group cut their price objective on Bright Horizons Family Solutions from $130.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, February 13th. BMO Capital Markets reduced their price objective on Bright Horizons Family Solutions from $124.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Finally, Morgan Stanley set a $70.00 target price on Bright Horizons Family Solutions in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of “Hold” and a consensus target price of $107.11.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.