Brookdale Senior Living (NYSE:BKD) Issues Quarterly Earnings Results

Brookdale Senior Living (NYSE:BKD) released its quarterly earnings data on Thursday. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04), Zacks reports. Brookdale Senior Living had a negative return on equity of 44.72% and a negative net margin of 5.71%. The company had revenue of $777.54 million for the quarter. During the same quarter in the prior year, the firm posted ($0.15) earnings per share.

Brookdale Senior Living Price Performance

BKD stock traded down $0.51 during trading on Friday, reaching $6.81. 6,506,335 shares of the company were exchanged, compared to its average volume of 1,950,129. The company has a debt-to-equity ratio of 10.23, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s 50 day moving average price is $7.14 and its 200 day moving average price is $6.63. Brookdale Senior Living has a 52-week low of $3.62 and a 52-week high of $8.12. The company has a market cap of $1.31 billion, a P/E ratio of -8.84 and a beta of 1.31.

Wall Street Analysts Forecast Growth

BKD has been the topic of a number of research reports. Royal Bank of Canada restated an “outperform” rating and set a $9.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, July 10th. Macquarie began coverage on shares of Brookdale Senior Living in a report on Friday, June 28th. They issued an “outperform” rating and a $7.50 target price on the stock. Finally, StockNews.com downgraded shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Brookdale Senior Living has an average rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Company Profile

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.