Wall Street analysts expect Brookdale Senior Living, Inc. (NYSE:BKD) to post earnings per share of ($0.34) for the current quarter, according to Zacks. Two analysts have issued estimates for Brookdale Senior Living’s earnings, with estimates ranging from ($0.36) to ($0.31). Brookdale Senior Living reported earnings per share of ($0.15) during the same quarter last year, which would indicate a negative year over year growth rate of 126.7%. The business is scheduled to issue its next earnings report on Monday, May 6th.
According to Zacks, analysts expect that Brookdale Senior Living will report full year earnings of ($1.36) per share for the current year, with EPS estimates ranging from ($1.53) to ($1.15). For the next fiscal year, analysts expect that the company will post earnings of ($1.22) per share, with EPS estimates ranging from ($1.69) to ($1.01). Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Wednesday, February 13th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.97. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Brookdale Senior Living had a negative return on equity of 15.69% and a negative net margin of 11.66%. The company’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) EPS.
BKD has been the topic of a number of recent research reports. ValuEngine upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Jefferies Financial Group restated a “buy” rating and issued a $10.00 target price on shares of Brookdale Senior Living in a report on Tuesday, February 12th. Zacks Investment Research upgraded Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a report on Monday, January 28th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $7.50 target price on shares of Brookdale Senior Living in a report on Thursday, February 14th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Brookdale Senior Living has a consensus rating of “Hold” and an average target price of $9.10.
In other Brookdale Senior Living news, Director James R. Seward purchased 10,000 shares of the stock in a transaction dated Tuesday, February 19th. The shares were acquired at an average price of $7.14 per share, for a total transaction of $71,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank M. Bumstead purchased 20,000 shares of the stock in a transaction dated Tuesday, February 26th. The shares were acquired at an average price of $6.95 per share, for a total transaction of $139,000.00. Following the acquisition, the director now directly owns 191,019 shares of the company’s stock, valued at approximately $1,327,582.05. The disclosure for this purchase can be found here. Insiders have bought 46,195 shares of company stock worth $320,904 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Camelot Portfolios LLC purchased a new position in shares of Brookdale Senior Living during the fourth quarter valued at $67,000. Blueshift Asset Management LLC purchased a new position in shares of Brookdale Senior Living during the fourth quarter valued at $69,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Brookdale Senior Living during the fourth quarter valued at $73,000. Menta Capital LLC purchased a new position in shares of Brookdale Senior Living during the fourth quarter valued at $107,000. Finally, Virtu Financial LLC purchased a new position in shares of Brookdale Senior Living during the third quarter valued at $129,000. Institutional investors and hedge funds own 99.39% of the company’s stock.
Shares of NYSE BKD traded down $0.29 during mid-day trading on Friday, reaching $6.23. The company had a trading volume of 60,160 shares, compared to its average volume of 1,525,515. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 4.12. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -3.13 and a beta of 1.69. Brookdale Senior Living has a 1-year low of $6.08 and a 1-year high of $10.10.
About Brookdale Senior Living
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.
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