Jefferies Group Comments on Brookdale Senior Living Inc.’s Q3 2017 Earnings (NYSE:BKD)
Brookdale Senior Living Inc. (NYSE:BKD) – Investment analysts at Jefferies Group reduced their Q3 2017 earnings per share (EPS) estimates for Brookdale Senior Living in a note issued to investors on Monday. Jefferies Group analyst B. Tanquilut now forecasts that the company will earn $0.42 per share for the quarter, down from their previous forecast of $0.51. Jefferies Group currently has a “Buy” rating and a $16.50 target price on the stock. Jefferies Group also issued estimates for Brookdale Senior Living’s Q4 2017 earnings at $0.37 EPS, FY2017 earnings at $1.74 EPS and FY2018 earnings at $1.87 EPS.
BKD has been the topic of several other research reports. Zacks Investment Research upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. BidaskClub downgraded Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. ValuEngine downgraded Brookdale Senior Living from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Stifel Nicolaus cut their price objective on Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $18.29.
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Shares of Brookdale Senior Living (BKD) opened at 12.75 on Thursday. The company has a 50 day moving average of $14.21 and a 200 day moving average of $13.91. The firm’s market capitalization is $2.37 billion. Brookdale Senior Living has a 52-week low of $10.65 and a 52-week high of $18.34.
Brookdale Senior Living (NYSE:BKD) last released its earnings results on Monday, August 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.79. Brookdale Senior Living had a positive return on equity of 5.85% and a negative net margin of 10.14%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the business posted ($0.19) earnings per share. Brookdale Senior Living’s revenue was down 5.7% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in the stock. Utah Retirement Systems boosted its position in Brookdale Senior Living by 0.3% in the second quarter. Utah Retirement Systems now owns 33,642 shares of the company’s stock valued at $494,000 after buying an additional 100 shares during the period. Guggenheim Capital LLC boosted its position in Brookdale Senior Living by 3.9% in the fourth quarter. Guggenheim Capital LLC now owns 14,274 shares of the company’s stock valued at $177,000 after buying an additional 530 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Brookdale Senior Living by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company’s stock valued at $102,000 after buying an additional 761 shares during the period. Amalgamated Bank boosted its position in Brookdale Senior Living by 3.4% in the first quarter. Amalgamated Bank now owns 26,468 shares of the company’s stock valued at $355,000 after buying an additional 869 shares during the period. Finally, IMS Capital Management boosted its position in Brookdale Senior Living by 2.6% in the second quarter. IMS Capital Management now owns 70,455 shares of the company’s stock valued at $1,036,000 after buying an additional 1,803 shares during the period.
Brookdale Senior Living Company Profile
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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