Brokerages expect that Bright Horizons Family Solutions Inc. (NYSE:BFAM) will report $0.67 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Bright Horizons Family Solutions’ earnings. Bright Horizons Family Solutions posted earnings of $0.58 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.5%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, August 2nd.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full year earnings of $2.45 per share for the current financial year. For the next fiscal year, analysts forecast that the company will report earnings of $2.77 per share. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Bright Horizons Family Solutions had a net margin of 6.93% and a return on equity of 18.51%. The business had revenue of $422 million during the quarter, compared to analysts’ expectations of $422.32 million. During the same quarter in the previous year, the company earned $0.51 EPS. The business’s revenue was up 9.5% on a year-over-year basis.

Several equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub downgraded shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. BMO Capital Markets reaffirmed a “hold” rating and set a $83.00 price objective on shares of Bright Horizons Family Solutions in a report on Monday, May 15th. Finally, Credit Suisse Group downgraded shares of Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $80.00 to $83.00 in a report on Friday, May 12th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $79.71.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) traded up 0.67% during mid-day trading on Wednesday, reaching $76.97. 148,452 shares of the company’s stock traded hands. Bright Horizons Family Solutions has a 12-month low of $59.00 and a 12-month high of $81.23. The company has a market cap of $4.60 billion, a P/E ratio of 42.11 and a beta of 0.12. The firm has a 50-day moving average of $77.17 and a 200 day moving average of $72.65.

In related news, major shareholder Bain Capital Investors Llc sold 4,124,534 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $79.25, for a total value of $326,869,319.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Stephen I. Dreier sold 2,834 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $75.00, for a total transaction of $212,550.00. Following the completion of the sale, the executive vice president now directly owns 77,834 shares in the company, valued at $5,837,550. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,233,390 shares of company stock worth $335,250,826. Insiders own 2.90% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $886,000. State Board of Administration of Florida Retirement System boosted its position in shares of Bright Horizons Family Solutions by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 20,558 shares of the company’s stock worth $1,439,000 after buying an additional 410 shares during the last quarter. Comerica Bank acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter worth approximately $232,000. State Street Corp boosted its position in shares of Bright Horizons Family Solutions by 5.9% in the fourth quarter. State Street Corp now owns 814,723 shares of the company’s stock worth $57,048,000 after buying an additional 45,076 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Bright Horizons Family Solutions by 10.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 11,303 shares of the company’s stock worth $790,000 after buying an additional 1,025 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

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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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