Brokerages forecast that Bright Horizons Family Solutions Inc. (NYSE:BFAM) will report sales of $436.47 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Bright Horizons Family Solutions’ earnings, with the highest sales estimate coming in at $438.48 million and the lowest estimate coming in at $433.70 million. Bright Horizons Family Solutions reported sales of $398.54 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.5%. The business is scheduled to report its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full year sales of $436.47 million for the current financial year, with estimates ranging from $1.73 billion to $1.74 billion. For the next year, analysts expect that the business will report sales of $1.88 billion per share, with estimates ranging from $1.86 billion to $1.89 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Bright Horizons Family Solutions.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The company had revenue of $433.30 million for the quarter, compared to the consensus estimate of $429.36 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue was up 12.9% compared to the same quarter last year.

A number of analysts recently weighed in on BFAM shares. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. BMO Capital Markets reissued a “market perform” rating and issued a $85.00 target price (up previously from $83.00) on shares of Bright Horizons Family Solutions in a research note on Thursday, August 3rd. Citigroup Inc. reissued a “buy” rating and issued a $92.00 target price (up previously from $90.00) on shares of Bright Horizons Family Solutions in a research note on Thursday, August 3rd. BidaskClub raised shares of Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Finally, Robert W. Baird reissued a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Friday, November 3rd. 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 an average target price of $90.67.

Bright Horizons Family Solutions (NYSE BFAM) traded up $0.03 during midday trading on Tuesday, reaching $86.62. 162,145 shares of the company were exchanged, compared to its average volume of 278,367. The company has a market capitalization of $5,334.86, a PE ratio of 37.80, a P/E/G ratio of 1.81 and a beta of 0.13. Bright Horizons Family Solutions has a twelve month low of $65.00 and a twelve month high of $93.13. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.42 and a current ratio of 0.49.

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In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 29,681 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the sale, the chief financial officer now directly owns 141,491 shares of the company’s stock, valued at $11,170,714.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mary Lou Burke sold 750 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $79.85, for a total transaction of $59,887.50. Following the sale, the chief operating officer now directly owns 32,016 shares in the company, valued at $2,556,477.60. The disclosure for this sale can be found here. Insiders have sold 68,778 shares of company stock worth $5,596,376 over the last ninety days. Insiders own 2.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Westfield Capital Management Co. LP lifted its position in shares of Bright Horizons Family Solutions by 3.1% during the second quarter. Westfield Capital Management Co. LP now owns 548,446 shares of the company’s stock worth $42,346,000 after purchasing an additional 16,659 shares in the last quarter. State Street Corp lifted its position in shares of Bright Horizons Family Solutions by 3.2% during the first quarter. State Street Corp now owns 840,444 shares of the company’s stock worth $60,918,000 after purchasing an additional 25,721 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Bright Horizons Family Solutions by 79.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 37,108 shares of the company’s stock worth $2,865,000 after purchasing an additional 16,400 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 11.8% during the second quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock worth $300,237,000 after purchasing an additional 410,335 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Bright Horizons Family Solutions by 15.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 278,354 shares of the company’s stock worth $21,492,000 after purchasing an additional 37,910 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.

About Bright Horizons Family Solutions

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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