Equities research analysts forecast that Brookdale Senior Living, Inc. (NYSE:BKD) will report sales of $1.05 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Brookdale Senior Living’s earnings, with estimates ranging from $1.03 billion to $1.07 billion. Brookdale Senior Living posted sales of $1.19 billion during the same quarter last year, which suggests a negative year over year growth rate of 11.8%. The company is scheduled to report its next quarterly earnings report on Monday, May 6th.
On average, analysts expect that Brookdale Senior Living will report full-year sales of $4.13 billion for the current year, with estimates ranging from $4.02 billion to $4.24 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.13 billion, with estimates ranging from $4.03 billion to $4.24 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Wednesday, February 13th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.97. Brookdale Senior Living had a negative return on equity of 15.69% and a negative net margin of 11.66%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the business earned ($0.08) EPS. The business’s revenue for the quarter was down 8.3% on a year-over-year basis.
BKD stock opened at $6.99 on Friday. Brookdale Senior Living has a fifty-two week low of $6.08 and a fifty-two week high of $10.10. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.12. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -3.51 and a beta of 1.69.
In related news, Director Denise Wilder Warren purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $6.56 per share, for a total transaction of $32,800.00. Following the purchase, the director now directly owns 24,401 shares of the company’s stock, valued at approximately $160,070.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lucinda M. Baier purchased 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was bought at an average price of $7.04 per share, for a total transaction of $52,800.00. The disclosure for this purchase can be found here. Insiders purchased a total of 46,195 shares of company stock worth $320,904 in the last 90 days. 1.20% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc grew its stake in shares of Brookdale Senior Living by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 184,381 shares of the company’s stock worth $1,813,000 after buying an additional 4,173 shares during the last quarter. Royce & Associates LP grew its stake in shares of Brookdale Senior Living by 0.7% in the 4th quarter. Royce & Associates LP now owns 1,352,002 shares of the company’s stock worth $9,058,000 after buying an additional 10,000 shares during the last quarter. Camelot Portfolios LLC purchased a new stake in shares of Brookdale Senior Living in the 4th quarter worth approximately $67,000. Blueshift Asset Management LLC purchased a new stake in shares of Brookdale Senior Living in the 4th quarter worth approximately $69,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Brookdale Senior Living in the 4th quarter worth approximately $73,000. Institutional investors own 95.72% of the company’s stock.
Brookdale Senior Living Company Profile
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. 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 middle to upper income senior citizens.
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