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

Brookdale Senior Living (NYSE:BKD) issued its quarterly 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. Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. The company had revenue of $784.17 million during the quarter, compared to the consensus estimate of $785.61 million. During the same quarter in the prior year, the business earned ($0.22) earnings per share.

Brookdale Senior Living Trading Down 11.9 %

Shares of NYSE:BKD traded down $0.77 during trading on Thursday, reaching $5.69. 5,747,088 shares of the company were exchanged, compared to its average volume of 2,114,702. The business’s fifty day simple moving average is $6.46 and its 200-day simple moving average is $6.84. The firm has a market capitalization of $1.13 billion, a PE ratio of -6.18 and a beta of 1.32. Brookdale Senior Living has a 12-month low of $4.04 and a 12-month high of $8.12. The company has a debt-to-equity ratio of 11.21, a current ratio of 0.79 and a quick ratio of 0.79.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BKD. Royal Bank of Canada restated an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Jefferies Financial Group began coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price objective on the stock. 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 report on Monday, October 7th. Finally, 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. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, Brookdale Senior Living currently has a consensus rating of “Hold” and an average target price of $7.75.

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.