Bright Horizons Family Solutions Inc (BFAM) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.51 EPS for the quarter. Analysts had a consensus estimate of $0.51. The company posted revenue of $385.30 million in the period, compared to analysts expectations of $382.87 million. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Many Wall Street Analysts have commented on Bright Horizons Family Solutions Inc. Company shares were Reiterated by RBC Capital Mkts on Feb 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 71 from a previous price target of $70 .
Bright Horizons Family Solutions Inc opened for trading at $65.72 and hit $66.22 on the upside on Monday, eventually ending the session at $66.18, with a gain of 0.85% or 0.56 points. The heightened volatility saw the trading volume jump to 1,45,067 shares. Company has a market cap of $3,955 M.
In a different news, on Apr 26, 2016, Stephen Howard Kramer (President) sold 6,667 shares at $64.01 per share price. According to the SEC, on Apr 11, 2016, Mary Lou Burke (COO North America Center Ops) sold 2,222 shares at $63.96 per share price. On Mar 24, 2016, Elizabeth J Boland (Chief Financial Officer) sold 15,000 shares at $63.49 per share price, according to the Form-4 filing with the securities and exchange commission.
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 who offer child care and other dependent care solutions as part of their employee benefits packages. Its service offerings include center-based full service child care and early education; back-up dependent care and educational advisory services. It operates in three segments: full service center-based care which includes center-based child care preschool and elementary education; back-up dependent care which includes center-based back-up child care in-home care mildly ill child care and adult/elder care and other educational advisory services which includes its college preparation and admissions advisory services as well as tuition reimbursement administration and educational advising services. It serves children in the United States the United Kingdom the Netherlands Ireland Canada and India.