Brookdale Senior Living (NYSE:BKD) Issues Earnings Results

Brookdale Senior Living (NYSE:BKD) announced its quarterly earnings data on Wednesday. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06), Zacks reports. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. The business had revenue of $784.17 million during the quarter, compared to analysts’ expectations of $785.61 million. During the same period in the prior year, the firm posted ($0.22) EPS.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock traded down $0.77 during trading on Thursday, hitting $5.69. 5,747,088 shares of the company were exchanged, compared to its average volume of 2,114,702. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 11.21. Brookdale Senior Living has a fifty-two week low of $4.04 and a fifty-two week high of $8.12. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -6.18 and a beta of 1.32. The firm has a 50 day moving average price of $6.46 and a 200 day moving average price of $6.84.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BKD shares. Macquarie reaffirmed an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Bank of America lowered Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $7.75 to $6.00 in a report on Monday, October 7th. Jefferies Financial Group began coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price target for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $9.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.75.

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.