Bright Horizons Family Solutions (NYSE:BFAM) announced its quarterly earnings data on Thursday. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04, Bloomberg Earnings reports. The firm had revenue of $440.00 million during the quarter, compared to the consensus estimate of $438.99 million. Bright Horizons Family Solutions had a return on equity of 20.75% and a net margin of 9.02%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior 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 (NYSE:BFAM) opened at $93.56 on Friday. Bright Horizons Family Solutions has a 1 year low of $65.00 and a 1 year 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. The company has a market capitalization of $5,443.94, a price-to-earnings ratio of 35.99, a PEG ratio of 2.16 and a beta of 0.15.
A number of research analysts have issued reports on BFAM shares. Citigroup upped their price objective on 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. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Tuesday, November 7th. Royal Bank of Canada restated a “buy” rating and issued a $89.00 price objective on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 20th. Barclays restated a “buy” rating and issued a $105.00 price objective on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 27th. Finally, BMO Capital Markets restated a “hold” rating and issued a $98.00 price objective on shares of Bright Horizons Family Solutions in a research note on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $99.25.
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.
Receive News & Ratings for Bright Horizons Family Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions and related companies with MarketBeat.com's FREE daily email newsletter.