Equities analysts forecast that Brookdale Senior Living Inc. (NYSE:BKD) will post sales of $1.16 billion for the current quarter, according to Zacks. Two analysts have provided estimates for Brookdale Senior Living’s earnings, with the lowest sales estimate coming in at $1.10 billion and the highest estimate coming in at $1.21 billion. Brookdale Senior Living reported sales of $1.26 billion in the same quarter last year, which would suggest a negative year over year growth rate of 7.9%. The company is expected to issue its next quarterly earnings report on Monday, August 14th.
According to Zacks, analysts expect that Brookdale Senior Living will report full year sales of $1.16 billion for the current fiscal year, with estimates ranging from $4.49 billion to $4.75 billion. For the next year, analysts forecast that the firm will report sales of $4.59 billion per share, with estimates ranging from $4.44 billion to $4.74 billion. Zacks Investment Research’s sales 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 quarterly earnings results on Monday, May 8th. The company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.07. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. Brookdale Senior Living had a negative net margin of 9.77% and a positive return on equity of 13.22%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 EPS.
Several equities analysts have recently weighed in on the company. ValuEngine downgraded Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub cut Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Brookdale Senior Living in a report on Tuesday, May 2nd. Three analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $18.86.
A number of hedge funds and other institutional investors have recently made changes to their positions in BKD. Paulson & CO. Inc. purchased a new position in shares of Brookdale Senior Living during the first quarter worth $67,707,000. Brookfield Asset Management Inc. raised its position in shares of Brookdale Senior Living by 34.5% in the fourth quarter. Brookfield Asset Management Inc. now owns 11,551,213 shares of the company’s stock worth $143,466,000 after buying an additional 2,963,898 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Brookdale Senior Living by 125.2% in the first quarter. Wellington Management Group LLP now owns 5,241,746 shares of the company’s stock worth $70,398,000 after buying an additional 2,914,451 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Brookdale Senior Living by 53.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,136,576 shares of the company’s stock worth $95,843,000 after buying an additional 2,475,820 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Brookdale Senior Living by 176.0% in the first quarter. Macquarie Group Ltd. now owns 2,649,529 shares of the company’s stock worth $35,583,000 after buying an additional 1,689,610 shares in the last quarter.
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Shares of Brookdale Senior Living (BKD) opened at 14.20 on Thursday. The firm’s 50-day moving average is $14.54 and its 200 day moving average is $14.05. The stock’s market capitalization is $2.64 billion. Brookdale Senior Living has a 12-month low of $10.65 and a 12-month high of $18.62.
About Brookdale Senior Living
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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