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

Brookdale Senior Living (NYSE:BKD) released its quarterly earnings data on Wednesday. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06), Zacks reports. The company had revenue of $784.17 million during the quarter, compared to analyst estimates 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 in the prior year, the company posted ($0.22) EPS.

Brookdale Senior Living Stock Performance

BKD traded down $0.20 on Friday, hitting $5.50. The company had a trading volume of 3,330,772 shares, compared to its average volume of 2,041,749. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -5.98 and a beta of 1.32. The company has a debt-to-equity ratio of 11.21, a current ratio of 0.79 and a quick ratio of 0.79. The company’s fifty day moving average price is $6.42 and its 200 day moving average price is $6.84. Brookdale Senior Living has a 1-year low of $4.04 and a 1-year high of $8.12.

Analyst Ratings Changes

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