Brookdale Senior Living (NYSE:BKD) Releases Earnings Results, Misses Estimates By $0.21 EPS

Brookdale Senior Living (NYSE:BKD - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21), Zacks reports. The company had revenue of $780.95 million during the quarter, compared to analysts' expectations of $781.78 million. Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 59.90%.

Brookdale Senior Living Price Performance

Shares of BKD traded down $0.06 during trading hours on Friday, reaching $5.40. 3,633,812 shares of the company traded hands, compared to its average volume of 2,354,839. The stock has a fifty day simple moving average of $4.98 and a 200 day simple moving average of $5.84. Brookdale Senior Living has a fifty-two week low of $4.45 and a fifty-two week high of $8.12. The stock has a market capitalization of $1.07 billion, a PE ratio of -6.06 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Macquarie reaffirmed an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Friday, December 20th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $7.50.

Insider Buying and Selling

In related news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $5.62, for a total transaction of $56,200.00. Following the transaction, the director now directly owns 211,382 shares in the company, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.