Zacks: Brokerages Expect Brookdale Senior Living, Inc. (NYSE:BKD) Will Post Earnings of -$0.29 Per Share

Brokerages forecast that Brookdale Senior Living, Inc. (NYSE:BKD) will report earnings of ($0.29) per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Brookdale Senior Living’s earnings. The lowest EPS estimate is ($0.30) and the highest is ($0.27). Brookdale Senior Living reported earnings of ($0.20) per share in the same quarter last year, which indicates a negative year over year growth rate of 45%. The firm is scheduled to announce its next quarterly earnings results on Monday, November 4th.

On average, analysts expect that Brookdale Senior Living will report full-year earnings of ($1.05) per share for the current fiscal year, with EPS estimates ranging from ($1.07) to ($1.03). For the next year, analysts forecast that the business will report earnings of ($0.85) per share, with EPS estimates ranging from ($1.04) to ($0.74). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Brookdale Senior Living.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Monday, August 5th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.02). Brookdale Senior Living had a negative net margin of 0.09% and a negative return on equity of 18.94%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the company earned ($0.88) EPS. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year.

Several analysts recently commented on BKD shares. Zacks Investment Research downgraded shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Barclays started coverage on shares of Brookdale Senior Living in a research report on Tuesday, September 3rd. They issued an “equal weight” rating and a $8.00 price target for the company. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $8.50.

BKD stock traded up $0.16 on Friday, hitting $8.67. The company’s stock had a trading volume of 322,796 shares, compared to its average volume of 1,843,411. The firm has a 50 day moving average of $7.91 and a two-hundred day moving average of $7.31. Brookdale Senior Living has a 1 year low of $5.97 and a 1 year high of $9.84. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -4.36 and a beta of 1.55. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 6.29.

A number of institutional investors have recently made changes to their positions in the business. CWM Advisors LLC raised its position in Brookdale Senior Living by 13.9% during the 2nd quarter. CWM Advisors LLC now owns 32,010 shares of the company’s stock worth $231,000 after buying an additional 3,901 shares during the last quarter. Quantamental Technologies LLC purchased a new position in Brookdale Senior Living during the 2nd quarter worth $30,000. C M Bidwell & Associates Ltd. purchased a new position in Brookdale Senior Living during the 2nd quarter worth $32,000. Northern Trust Corp raised its position in Brookdale Senior Living by 0.3% during the 2nd quarter. Northern Trust Corp now owns 2,301,546 shares of the company’s stock worth $16,594,000 after buying an additional 6,914 shares during the last quarter. Finally, Eidelman Virant Capital purchased a new position in Brookdale Senior Living during the 2nd quarter worth $72,000. Institutional investors own 93.63% 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 upper income senior citizens.

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Earnings History and Estimates for Brookdale Senior Living (NYSE:BKD)

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