Bright Horizons Family Solutions (BFAM) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Bright Horizons Family Solutions (NYSE:BFAM) issued its earnings results on Thursday. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04, Bloomberg Earnings reports. The company had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $438.99 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 EPS. Bright Horizons Family Solutions updated its FY18 guidance to $3.12-3.16 EPS.
Bright Horizons Family Solutions (BFAM) traded down $2.14 during mid-day trading on Thursday, reaching $91.78. 329,115 shares of the company were exchanged, compared to its average volume of 190,767. The firm has a market cap of $5,596.38, a PE ratio of 45.66, a price-to-earnings-growth ratio of 2.22 and a beta of 0.15. Bright Horizons Family Solutions has a twelve month low of $65.00 and a twelve month high of $98.84. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49.
BFAM has been the subject of several analyst reports. Barclays restated a “buy” rating and issued a $105.00 target price on shares of Bright Horizons Family Solutions in a research report on Wednesday, December 27th. Macquarie started coverage on shares of Bright Horizons Family Solutions in a research report on Thursday, December 21st. They set a “neutral” rating and a $95.00 price objective for the company. Royal Bank of Canada upped their price objective on shares of Bright Horizons Family Solutions to $98.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Finally, Robert W. Baird reiterated a “hold” rating and set a $100.00 price objective on shares of Bright Horizons Family Solutions in a research report on Tuesday, January 9th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Bright Horizons Family Solutions presently has an average rating of “Hold” and an average price target of $98.25.
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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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