Brokerages Expect Brookdale Senior Living, Inc. (BKD) Will Announce Quarterly Sales of $1.09 Billion

Equities research analysts expect Brookdale Senior Living, Inc. (NYSE:BKD) to announce sales of $1.09 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Brookdale Senior Living’s earnings. The lowest sales estimate is $1.08 billion and the highest is $1.11 billion. Brookdale Senior Living posted sales of $1.18 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 7.6%. The company is expected to issue its next earnings report on Monday, November 5th.

On average, analysts expect that Brookdale Senior Living will report full-year sales of $4.48 billion for the current fiscal year, with estimates ranging from $4.47 billion to $4.50 billion. For the next year, analysts anticipate that the firm will report sales of $4.25 billion, with estimates ranging from $4.24 billion to $4.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Brookdale Senior Living.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Monday, August 6th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.66). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Brookdale Senior Living had a negative net margin of 21.80% and a negative return on equity of 13.56%. During the same quarter last year, the firm earned ($0.25) EPS. The business’s revenue was down 2.7% on a year-over-year basis.

Several equities analysts have issued reports on BKD shares. ValuEngine upgraded Brookdale Senior Living from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 28th. Zacks Investment Research cut Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Finally, Stifel Nicolaus dropped their target price on Brookdale Senior Living from $9.00 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $8.92.

NYSE BKD traded up $0.08 on Monday, hitting $9.50. 1,127,300 shares of the company’s stock were exchanged, compared to its average volume of 2,917,823. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.93. Brookdale Senior Living has a fifty-two week low of $6.28 and a fifty-two week high of $11.09. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of -12.27 and a beta of 1.69.

In other Brookdale Senior Living news, Director Marcus E. Bromley bought 6,400 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were bought at an average price of $7.85 per share, for a total transaction of $50,240.00. Following the transaction, the director now owns 54,619 shares of the company’s stock, valued at approximately $428,759.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in shares of Brookdale Senior Living by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,664,280 shares of the company’s stock worth $142,390,000 after acquiring an additional 1,186,239 shares during the period. Fosun International Ltd grew its holdings in shares of Brookdale Senior Living by 1.1% in the 2nd quarter. Fosun International Ltd now owns 15,268,447 shares of the company’s stock worth $138,791,000 after acquiring an additional 168,558 shares during the period. BlackRock Inc. grew its holdings in shares of Brookdale Senior Living by 51.3% in the 2nd quarter. BlackRock Inc. now owns 13,596,562 shares of the company’s stock worth $123,593,000 after acquiring an additional 4,612,157 shares during the period. Morgan Stanley grew its holdings in shares of Brookdale Senior Living by 12.5% in the 2nd quarter. Morgan Stanley now owns 9,928,319 shares of the company’s stock worth $90,249,000 after acquiring an additional 1,107,030 shares during the period. Finally, Land & Buildings Investment Management LLC grew its holdings in shares of Brookdale Senior Living by 25.2% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 7,171,671 shares of the company’s stock worth $65,190,000 after acquiring an additional 1,442,276 shares during the period.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs ? Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.

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