Bright Horizons Family Solutions (BFAM) to Release Quarterly Earnings on Monday

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) will be releasing its earnings data after the market closes on Monday, November 4th. Analysts expect Bright Horizons Family Solutions to post earnings of $0.96 per share for the quarter. Bright Horizons Family Solutions has set its FY24 guidance at $3.30-3.40 EPS and its FY 2024 guidance at 3.300-3.400 EPS.Persons interested in listening to the company's earnings conference call can do so using this link.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.15. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The company had revenue of $670.10 million for the quarter, compared to analyst estimates of $666.17 million. During the same period in the previous year, the business earned $0.54 EPS. Bright Horizons Family Solutions's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts expect Bright Horizons Family Solutions to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Bright Horizons Family Solutions Stock Performance

BFAM traded up $1.04 on Monday, reaching $130.82. The company had a trading volume of 296,104 shares, compared to its average volume of 351,047. Bright Horizons Family Solutions has a fifty-two week low of $71.65 and a fifty-two week high of $141.90. The stock has a market cap of $7.59 billion, a P/E ratio of 92.10 and a beta of 1.48. The company's fifty day moving average is $136.69 and its 200 day moving average is $121.10. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.56 and a current ratio of 0.56.

Insider Transactions at Bright Horizons Family Solutions

In other news, General Counsel John Guy Casagrande sold 4,235 shares of the company's stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $129.86, for a total transaction of $549,957.10. Following the completion of the sale, the general counsel now owns 13,677 shares of the company's stock, valued at approximately $1,776,095.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Mary Lou Burke sold 14,500 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $130.90, for a total value of $1,898,050.00. Following the completion of the transaction, the chief operating officer now owns 33,425 shares of the company's stock, valued at $4,375,332.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel John Guy Casagrande sold 4,235 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $129.86, for a total transaction of $549,957.10. Following the completion of the transaction, the general counsel now directly owns 13,677 shares of the company's stock, valued at approximately $1,776,095.22. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,635 shares of company stock valued at $3,100,340. Company insiders own 1.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BFAM. The Goldman Sachs Group upped their price target on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Robert W. Baird increased their target price on shares of Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Morgan Stanley increased their target price on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock an "underweight" rating in a research report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a "hold" rating in a research report on Friday, August 2nd. Finally, Barclays increased their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of "Hold" and a consensus price target of $134.63.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.