BrightSpring Health Services (BTSG) Scheduled to Post Earnings on Friday

BrightSpring Health Services (NASDAQ:BTSG) is scheduled to be posting its quarterly earnings results before the market opens on Friday, November 1st. Analysts expect BrightSpring Health Services to post earnings of $0.19 per share for the quarter. BrightSpring Health Services has set its FY 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.61 billion. BrightSpring Health Services’s revenue was up 26.0% on a year-over-year basis. On average, analysts expect BrightSpring Health Services to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

BrightSpring Health Services Trading Down 1.5 %

NASDAQ:BTSG opened at $15.55 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.00 and a current ratio of 1.33. The stock’s 50 day moving average price is $14.15 and its 200 day moving average price is $12.22. BrightSpring Health Services has a 52 week low of $7.85 and a 52 week high of $16.49.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, August 9th. BTIG Research boosted their price target on BrightSpring Health Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Guggenheim increased their price objective on BrightSpring Health Services from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, KeyCorp started coverage on BrightSpring Health Services in a report on Friday, October 11th. They issued a “sector weight” rating for the company. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, BrightSpring Health Services presently has a consensus rating of “Moderate Buy” and an average price target of $16.05.

Insider Transactions at BrightSpring Health Services

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of BrightSpring Health Services stock in a transaction on Wednesday, September 11th. The stock was purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

BrightSpring Health Services Company Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.