Media coverage about Bright Horizons Family Solutions (NYSE:BFAM) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bright Horizons Family Solutions earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.4638478718923 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of analysts recently commented on the company. Zacks Investment Research lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. BidaskClub raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Citigroup Inc. reaffirmed a “buy” rating and issued a $92.00 target price (up from $90.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $85.00 target price (up from $83.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $84.17.
Bright Horizons Family Solutions (NYSE BFAM) opened at 82.35 on Thursday. The firm has a market cap of $4.87 billion, a P/E ratio of 43.94 and a beta of 0.13. The firm’s 50-day moving average price is $79.76 and its 200-day moving average price is $76.37. Bright Horizons Family Solutions has a 1-year low of $59.00 and a 1-year high of $82.41.
Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The company had revenue of $445.55 million during the quarter, compared to the consensus estimate of $443.90 million. During the same period in the prior year, the firm earned $0.61 earnings per share. Bright Horizons Family Solutions’s revenue was up 10.8% on a year-over-year basis. Equities research analysts anticipate that Bright Horizons Family Solutions will post $2.64 earnings per share for the current fiscal year.
In related news, Director Mary Ann Tocio sold 6,666 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $80.09, for a total value of $533,879.94. Following the completion of the transaction, the director now directly owns 67,284 shares of the company’s stock, valued at $5,388,775.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Elizabeth J. Boland sold 29,681 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the transaction, the chief financial officer now directly owns 141,491 shares of the company’s stock, valued at approximately $11,170,714.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,429 shares of company stock valued at $4,987,519. 2.90% of the stock is owned by insiders.
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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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