Brookdale Senior Living Inc. (NYSE:BKD) Expected to Announce Earnings of -$0.42 Per Share | #seniorliving | #elderly | #seniors
Equities research analysts forecast that Brookdale Senior Living Inc. (NYSE:BKD) will announce earnings per share of ($0.42) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Brookdale Senior Living’s earnings. Brookdale Senior Living posted earnings of ($0.12) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 250%. The business is scheduled to announce its next earnings report on Tuesday, May 4th.
On average, analysts expect that Brookdale Senior Living will report full year earnings of ($1.56) per share for the current financial year, with EPS estimates ranging from ($1.94) to ($1.18). For the next year, analysts expect that the business will post earnings of ($1.10) per share, with EPS estimates ranging from ($1.16) to ($1.04). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Wednesday, February 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). Brookdale Senior Living had a negative return on equity of 34.34% and a net margin of 0.95%. The firm had revenue of $852.17 million during the quarter, compared to analysts’ expectations of $843.81 million.
BKD has been the subject of several analyst reports. Jefferies Financial Group cut shares of Brookdale Senior Living from a “buy” rating to a “hold” rating and decreased their target price for the company from $4.75 to $4.50 in a research note on Wednesday, December 2nd. Royal Bank of Canada upped their target price on shares of Brookdale Senior Living from $4.00 to $7.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 9th.
Large investors have recently modified their holdings of the stock. Coe Capital Management LLC purchased a new position in Brookdale Senior Living in the third quarter valued at approximately $25,000. Inspire Advisors LLC acquired a new stake in shares of Brookdale Senior Living during the fourth quarter worth $32,000. Truist Financial Corp acquired a new stake in shares of Brookdale Senior Living during the third quarter worth $34,000. Great West Life Assurance Co. Can lifted its holdings in shares of Brookdale Senior Living by 29.2% during the third quarter. Great West Life Assurance Co. Can now owns 15,368 shares of the company’s stock worth $39,000 after purchasing an additional 3,470 shares during the period. Finally, A.R.T. Advisors LLC acquired a new stake in Brookdale Senior Living in the third quarter valued at $41,000. 89.70% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:BKD opened at $5.99 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.22. Brookdale Senior Living has a twelve month low of $2.30 and a twelve month high of $6.84. The company’s 50 day moving average is $5.75 and its two-hundred day moving average is $4.29. The company has a market cap of $1.10 billion, a PE ratio of 33.28 and a beta of 1.86.
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, Continuing Care Retirement Communities (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 seniors.
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