Bright Horizons Family Solutions Inc (BFAM) is Upgraded by JP Morgan to Overweight

Bright Horizons Family Solutions Inc (BFAM) was Upgraded by JP Morgan to ” Overweight”. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on Aug 15, 2016.

On the company’s financial health, Bright Horizons Family Solutions Inc reported $0.61 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.61. The company had revenue of $402.00 million for the quarter, compared to analysts expectations of $402.94 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Bright Horizons Family Solutions Inc closed down -0.07 points or -0.11% at $65.32 with 1,14,451 shares getting traded on Friday. Post opening the session at $65.31, the shares hit an intraday low of $65.02 and an intraday high of $65.39 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 9, 2016, Mary Lou Burke (COO North America Center Ops) sold 2,222 shares at $65.79 per share price. According to the SEC, on Jul 19, 2016, Mandy Berman (EVP & CAO) sold 2,250 shares at $67.82 per share price. On Jul 13, 2016, Danroy T Sr Henry (Chief Human Resources Officer) sold 7,500 shares at $68.00 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.

Bright Horizons Family Solutions Inc

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