Bright Horizons Family Solutions (NYSE:BFAM – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.15, Briefing.com reports. The business had revenue of $670.10 million for the quarter, compared to analyst estimates of $666.17 million. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 13.08%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Bright Horizons Family Solutions updated its FY24 guidance to $3.30-3.40 EPS and its FY 2024 guidance to 3.300-3.400 EPS.
Bright Horizons Family Solutions Stock Performance
Shares of NYSE:BFAM traded up $16.72 on Friday, hitting $135.15. The company had a trading volume of 1,596,166 shares, compared to its average volume of 310,371. Bright Horizons Family Solutions has a 1-year low of $71.65 and a 1-year high of $136.22. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 95.18, a P/E/G ratio of 4.44 and a beta of 1.45. The stock has a 50 day moving average price of $110.98 and a 200 day moving average price of $109.21. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.76.
Insider Buying and Selling at Bright Horizons Family Solutions
In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 4,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $108.95, for a total value of $435,800.00. Following the transaction, the director now directly owns 31,855 shares in the company, valued at $3,470,602.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Stephen Howard Kramer sold 11,250 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $113.95, for a total value of $1,281,937.50. Following the transaction, the chief executive officer now directly owns 122,573 shares in the company, valued at $13,967,193.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 4,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $108.95, for a total transaction of $435,800.00. Following the completion of the transaction, the director now owns 31,855 shares in the company, valued at $3,470,602.25. The disclosure for this sale can be found here. Insiders have sold a total of 28,447 shares of company stock worth $3,186,710 over the last ninety days. Insiders own 1.22% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on BFAM
Bright Horizons Family Solutions Company Profile
Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.
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