Brookdale Senior Living (BKD) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.58 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.68. Analysts had a consensus of $-0.10. The company posted revenue of $1263.16 million in the period, compared to analysts expectations of $1253.41 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.71 EPS.
Many Wall Street Analysts have commented on Brookdale Senior Living. Shares were Reiterated by RBC Capital Mkts on Feb 10, 2016 to “Top Pick” and Lowered the Price Target to $ 25 from a previous price target of $37 .Shares were Reiterated by Barclays on Feb 10, 2016 to “Equal Weight” and Lowered the Price Target to $ 16 from a previous price target of $21 .
Brookdale Senior Living opened for trading at $17.91 and hit $18.58 on the upside on Friday, eventually ending the session at $18.13, with a gain of 0.55% or 0.1 points. The heightened volatility saw the trading volume jump to 36,30,656 shares. Company has a market cap of $3,352 M.
In a different news, on Mar 4, 2016, Jackie M Clegg (director) purchased 1,500 shares at $15.56 per share price. According to the SEC, on Mar 4, 2016, Labeed S. Diab (COO) purchased 3,344 shares at $14.92 per share price. On Feb 12, 2016, Lee S Wielansky (director) purchased 5,000 shares at $13.06 per share price, according to the Form-4 filing with the securities and exchange commission.
Brookdale Senior Living Inc. operates senior living communities in the United States. The Company operates independent assisted living and dementia-care communities and continuing care retirement centers (CCRCs). The Company has five operating segments: Retirement Centers; Assisted Living; CCRCs – Rental; Brookdale Ancillary Services and Management Services. The Companys Retirement Centers segment provides senior independent and assisted living services in its retirement center communities. The Companys Assisted Living segment offers housing and assisted living services to mid-acuity frail and elderly residents. The Companys CCRCs – Rental segment provides living arrangements and services for various types of health. The Brookdale Ancillary Services segment provides home health therapy and other ancillary services and education and wellness programs. The Management Services segment operates communities owned by third parties or by the Companys unconsolidated ventures.