Brookdale Senior Living (NYSE:BKD) Releases Earnings Results, Misses Estimates By $0.21 EPS

Brookdale Senior Living (NYSE:BKD) announced its earnings results on Tuesday. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21), Zacks reports. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The firm had revenue of $780.95 million during the quarter, compared to analyst estimates of $781.78 million.

Brookdale Senior Living Stock Performance

Shares of BKD stock opened at $5.46 on Thursday. The business has a fifty day moving average of $4.98 and a 200 day moving average of $5.85. Brookdale Senior Living has a 1 year low of $4.45 and a 1 year high of $8.12. The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -5.93 and a beta of 1.29.

Wall Street Analysts Forecast Growth

BKD has been the subject of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a report on Friday, December 20th. Macquarie reiterated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.50.

Insider Buying and Selling at Brookdale Senior Living

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total transaction of $56,200.00. Following the completion of the transaction, the director now directly owns 211,382 shares of the company’s stock, valued at approximately $1,187,966.84. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

About Brookdale Senior Living

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). 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.