Brookdale Senior Living (NYSE:BKD) Issues Earnings Results

Brookdale Senior Living (NYSE:BKD) issued 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 firm had revenue of $784.17 million during the quarter, compared to the consensus estimate 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 business earned ($0.22) earnings per share.

Brookdale Senior Living Price Performance

Shares of NYSE:BKD traded down $0.20 on Friday, reaching $5.50. 3,330,772 shares of the company traded hands, compared to its average volume of 2,041,749. The stock has a market capitalization of $1.10 billion, a PE 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 50 day moving average is $6.42 and its 200-day moving average is $6.84. Brookdale Senior Living has a fifty-two week low of $4.04 and a fifty-two week high of $8.12.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BKD. Macquarie reissued 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 cut shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and cut their price objective 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 set a $9.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They set a “buy” rating and a $8.00 price objective on the stock. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock 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.