Bright Horizons Family Solutions (NYSE:BFAM) Releases FY 2022 Earnings Guidance

Bright Horizons Family Solutions (NYSE:BFAMGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.60-$2.75 for the period, compared to the consensus estimate of $3.06. The company issued revenue guidance of $2.00 billion-$2.00 billion, compared to the consensus revenue estimate of $2.04 billion. Bright Horizons Family Solutions also updated its FY22 guidance to $2.60-2.75 EPS.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of Bright Horizons Family Solutions from $115.00 to $83.00 in a report on Wednesday. BMO Capital Markets reduced their target price on shares of Bright Horizons Family Solutions from $112.00 to $105.00 and set an outperform rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Bright Horizons Family Solutions from $91.00 to $77.00 in a research note on Wednesday. Barclays reduced their target price on shares of Bright Horizons Family Solutions from $130.00 to $90.00 and set an overweight rating for the company in a research note on Thursday. Finally, Morgan Stanley reduced their target price on shares of Bright Horizons Family Solutions from $83.00 to $77.00 and set an underweight rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of Hold and an average target price of $115.88.

Bright Horizons Family Solutions Stock Down 1.6 %

NYSE BFAM traded down $1.26 during mid-day trading on Friday, reaching $78.51. The stock had a trading volume of 545,937 shares, compared to its average volume of 479,359. The stock has a market cap of $4.66 billion, a PE ratio of 53.05 and a beta of 0.98. The company has a fifty day moving average price of $85.27 and a 200 day moving average price of $108.77. Bright Horizons Family Solutions has a 1 year low of $71.38 and a 1 year high of $171.91. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.87 and a quick ratio of 0.87.

Bright Horizons Family Solutions (NYSE:BFAMGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.62 by $0.09. Bright Horizons Family Solutions had a return on equity of 10.53% and a net margin of 4.74%. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, research analysts expect that Bright Horizons Family Solutions will post 2.77 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in Bright Horizons Family Solutions by 249.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 476,170 shares of the company’s stock valued at $63,183,000 after purchasing an additional 340,088 shares during the period. Eaton Vance Management raised its stake in Bright Horizons Family Solutions by 103.6% during the 1st quarter. Eaton Vance Management now owns 287,278 shares of the company’s stock valued at $38,120,000 after purchasing an additional 146,196 shares during the period. Durable Capital Partners LP raised its stake in Bright Horizons Family Solutions by 97.2% during the 1st quarter. Durable Capital Partners LP now owns 100,748 shares of the company’s stock valued at $13,368,000 after purchasing an additional 49,662 shares during the period. Bridgewater Associates LP increased its stake in Bright Horizons Family Solutions by 31.3% in the 1st quarter. Bridgewater Associates LP now owns 164,672 shares of the company’s stock worth $21,850,000 after acquiring an additional 39,234 shares during the last quarter. Finally, State Street Corp increased its stake in Bright Horizons Family Solutions by 4.1% in the 1st quarter. State Street Corp now owns 904,881 shares of the company’s stock worth $120,069,000 after acquiring an additional 35,889 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Bright Horizons Family Solutions Company Profile

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Bright Horizons Family Solutions Inc provides early education and child care, back-up care, educational advisory, and other workplace solutions services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.

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