Wall Street brokerages expect Brookdale Senior Living Inc. (NYSE:BKD) to report earnings per share of $0.56 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Brookdale Senior Living’s earnings. Brookdale Senior Living reported earnings per share of $0.66 in the same quarter last year, which would indicate a negative year over year growth rate of 15.2%. The business 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 earnings of $2.04 per share for the current year. For the next financial year, analysts anticipate that the company will report earnings of $2.16 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Brookdale Senior Living.
Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Monday, May 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. Brookdale Senior Living had a negative net margin of 9.77% and a positive return on equity of 13.22%. Brookdale Senior Living’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 EPS.
BKD has been the topic of several analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $16.50 target price on shares of Brookdale Senior Living in a report on Friday, July 14th. Zacks Investment Research raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. BidaskClub lowered shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, ValuEngine lowered shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.86.
Brookdale Senior Living (NYSE:BKD) traded up 2.65% on Tuesday, reaching $14.73. 3,756,332 shares of the company’s stock were exchanged. Brookdale Senior Living has a 12 month low of $10.65 and a 12 month high of $18.62. The firm has a 50-day moving average of $14.59 and a 200-day moving average of $14.06. The firm’s market capitalization is $2.74 billion.
A number of large investors have recently modified their holdings of BKD. Paulson & CO. Inc. bought a new stake in shares of Brookdale Senior Living during the first quarter worth approximately $67,707,000. Brookfield Asset Management Inc. raised its stake 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 stake 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 stake 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 stake 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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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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