Bright Horizons Family Solutions Inc. is expected to report quarterly earnings on Monday, May 4th, with a consensus estimate of $0.79 earnings per share.
The current price of Bright Horizons Family Solutions Inc. (BFAM) stands at $82, showing a price increase of 71 cents (0.873%) from the previous close. The trading volume is $164,741, representing a 17.17% increase compared to the average.
In the latest earnings report on Wednesday, February 11th, Bright Horizons reported earnings per share of $1.15, slightly exceeding the consensus estimate of $1.13. The company showcased strong performance in revenue and profit margin figures.
The company's cash flow demonstrates a positive trend with free cash flow amounting to $112.48 million. Operating cash flow stands at $144.89 million, with a net change in cash of $16.65 million.
Bright Horizons recorded a gross profit of $140.46 million from a revenue of $733.70 million. The company reported a net income of $21.74 million with earnings per share at 39 cents.
Key financial ratios indicate the company's performance, including a net profit margin of 2.96% and a return on equity of 1.62%. The price-to-earnings ratio is at 65.55, reflecting investor sentiment towards the stock.
The balance sheet reveals total assets of $4.15 billion, with total liabilities of $2.81 billion, showcasing a stable financial position for Bright Horizons Family Solutions Inc.
Bright Horizons Family Solutions Inc. provides early education and child care, back-up care, educational advisory, and other workplace solutions services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services. The Full Service Center-Based Child Care segment offers traditional center-based child care and early education, preschool, and elementary education services. The Back-Up Care segment provides center-based back-up child care, in-home child and adult/elder dependent care, school-age camps, virtual tutoring, and self-sourced reimbursed care services through child care centers, school-age campuses, and in-home caregivers, as well as the back-up care network. The Educational Advisory and Other Services segment offers tuition assistance and student loan repayment program administration, workforce education, and related educational consulting services, as well as college admissions advisory services. As of December 31, 2021, it operated 1,014 child care and early education centers in the United States, Puerto Rico, the United Kingdom, Canada, the Netherlands, and India. The company was formerly known as Bright Horizons Solutions Corp. and changed its name to Bright Horizons Family Solutions Inc. in July 2012. Bright Horizons Family Solutions Inc. was founded in 1986 and is headquartered in Newton, Massachusetts.