Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Bright Horizons Family Solutions (BFAM) Share Price
News coverage about Bright Horizons Family Solutions (NYSE:BFAM) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bright Horizons Family Solutions earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.1187240053637 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Bright Horizons Family Solutions Inc. (BFAM) Director Joshua Bekenstein Sells 3,504,999 Shares (americanbankingnews.com)
- Bright Horizons Family Solutions, Inc. :BFAM-US: Earnings Analysis: Q3, 2017 By the Numbers : November 15, 2017 (finance.yahoo.com)
- ETFs with exposure to Bright Horizons Family Solutions, Inc. : November 16, 2017 (finance.yahoo.com)
- Insider Selling: Bright Horizons Family Solutions Inc. (BFAM) CEO Sells 79,112 Shares of Stock (americanbankingnews.com)
- BRIGHT HORIZONS FAMILY SOLUTIONS INC. : Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
BFAM has been the topic of several analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $85.00 price target (up previously from $83.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Citigroup Inc. reaffirmed a “buy” rating and set a $92.00 price target (up previously from $90.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, August 4th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Finally, BidaskClub raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $90.67.
Shares of Bright Horizons Family Solutions (NYSE BFAM) traded up $0.12 during midday trading on Monday, reaching $87.67. The company’s stock had a trading volume of 217,103 shares, compared to its average volume of 280,342. The stock has a market capitalization of $5,200.00, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 1.76 and a beta of 0.13. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. Bright Horizons Family Solutions has a 52 week low of $65.00 and a 52 week high of $93.13.
Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The company had revenue of $433.30 million for the quarter, compared to analyst estimates of $429.36 million. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 earnings per share. analysts predict that Bright Horizons Family Solutions will post 2.49 EPS for the current fiscal year.
In other news, CFO Elizabeth J. Boland sold 29,681 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was 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 owns 141,491 shares of the company’s stock, valued at $11,170,714.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David H. Lissy sold 79,112 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $87.26, for a total value of $6,903,313.12. The disclosure for this sale can be found here. In the last three months, insiders sold 3,650,889 shares of company stock worth $318,185,942. 2.90% of the stock is owned by corporate insiders.
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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