Brookdale Senior Living (BKD) Releases Earnings Results, Beats Expectations By $0.97 EPS

Brookdale Senior Living (NYSE:BKD) issued its earnings results on Wednesday. The company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.97, Briefing.com reports. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Brookdale Senior Living had a negative return on equity of 14.72% and a negative net margin of 13.93%. Brookdale Senior Living’s revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.08) EPS.

Shares of BKD traded down $1.36 during trading hours on Thursday, hitting $6.76. The company had a trading volume of 122,955 shares, compared to its average volume of 1,450,473. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -8.68 and a beta of 1.87. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 4.64. Brookdale Senior Living has a one year low of $6.08 and a one year high of $10.10.

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In related news, Director Marcus E. Bromley purchased 6,300 shares of Brookdale Senior Living stock in a transaction dated Tuesday, November 20th. The stock was purchased at an average cost of $7.86 per share, with a total value of $49,518.00. Following the transaction, the director now owns 41,059 shares in the company, valued at approximately $322,723.74. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. ValuEngine raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $7.50 target price on shares of Brookdale Senior Living in a research report on Thursday. Royal Bank of Canada reaffirmed a “hold” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Sunday, November 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $10.00 target price on shares of Brookdale Senior Living in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $9.58.

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About Brookdale Senior Living

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs ? Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.

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