Equities analysts expect that Bright Horizons Family Solutions Inc (NYSE:BFAM) will post $437.86 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Bright Horizons Family Solutions’ earnings, with estimates ranging from $437.23 million to $438.48 million. Bright Horizons Family Solutions reported sales of $398.54 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9.9%. The company is expected to issue its next earnings report after the market closes on Thursday, February 8th.

According to Zacks, analysts expect that Bright Horizons Family Solutions will report full year sales of $437.86 million for the current year. For the next year, analysts forecast that the firm will report sales of $1.89 billion per share, with estimates ranging from $1.88 billion to $1.89 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Bright Horizons Family Solutions.

BFAM has been the subject of several research reports. BidaskClub cut shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 10th. BMO Capital Markets restated a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, October 25th. Credit Suisse Group lifted their price objective on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Citigroup lifted their price objective on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Robert W. Baird reiterated a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $98.25.

Shares of Bright Horizons Family Solutions (NYSE BFAM) traded down $0.01 during midday trading on Friday, reaching $94.35. 239,469 shares of the company’s stock traded hands, compared to its average volume of 184,687. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49. Bright Horizons Family Solutions has a twelve month low of $65.00 and a twelve month high of $98.84. The firm has a market cap of $5,600.00, a PE ratio of 46.48, a price-to-earnings-growth ratio of 2.29 and a beta of 0.15.

In related news, Director Linda A. Mason sold 10,034 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $98.30, for a total value of $986,342.20. Following the completion of the transaction, the director now directly owns 10,552 shares in the company, valued at approximately $1,037,261.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David H. Lissy sold 79,112 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total transaction of $6,903,313.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,625,459 shares of company stock valued at $316,702,790. Company insiders own 2.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of BFAM. 1st Global Advisors Inc. increased its holdings in Bright Horizons Family Solutions by 1.1% in the 2nd quarter. 1st Global Advisors Inc. now owns 7,187 shares of the company’s stock worth $555,000 after acquiring an additional 75 shares in the last quarter. Argent Capital Management LLC increased its holdings in Bright Horizons Family Solutions by 2.5% in the 2nd quarter. Argent Capital Management LLC now owns 6,250 shares of the company’s stock worth $483,000 after acquiring an additional 150 shares in the last quarter. HighTower Advisors LLC increased its holdings in Bright Horizons Family Solutions by 8.6% in the 2nd quarter. HighTower Advisors LLC now owns 3,736 shares of the company’s stock worth $289,000 after acquiring an additional 295 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in Bright Horizons Family Solutions by 0.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 102,173 shares of the company’s stock worth $7,889,000 after acquiring an additional 631 shares in the last quarter. Finally, Granahan Investment Management Inc. MA increased its holdings in Bright Horizons Family Solutions by 0.5% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 167,148 shares of the company’s stock worth $14,410,000 after acquiring an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 98.63% of the company’s stock.

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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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