Brookdale Senior Living (NYSE:BKD) Issues Quarterly Earnings Results, Misses Estimates By $0.06 EPS

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

Brookdale Senior Living Trading Down 11.9 %

NYSE:BKD traded down $0.77 on Thursday, hitting $5.69. 5,747,088 shares of the stock were exchanged, compared to its average volume of 2,114,702. The stock has a fifty day moving average of $6.46 and a 200-day moving average of $6.84. The stock has a market cap of $1.13 billion, a PE ratio of -6.18 and a beta of 1.32. The company has a current ratio of 0.79, a quick 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.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Macquarie reiterated an “outperform” rating and issued a $8.00 price target 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 dropped their target price for the company from $7.75 to $6.00 in a research note on Monday, October 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $9.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group initiated coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price target for the company. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.