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

Brookdale Senior Living (NYSE:BKD) issued its quarterly earnings data on Wednesday. The company reported ($0.22) 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 for the quarter, compared to analyst estimates of $785.61 million. During the same quarter in the prior year, the firm earned ($0.22) EPS.

Brookdale Senior Living Stock Down 11.9 %

NYSE BKD traded down $0.77 during trading hours on Thursday, reaching $5.69. 5,747,088 shares of the company traded hands, compared to its average volume of 2,114,702. The stock has a market capitalization 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 12 month low of $4.04 and a 12 month high of $8.12. The company has a 50 day moving average of $6.46 and a two-hundred day moving average of $6.84.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $9.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Jefferies Financial Group initiated coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 target price for the company. Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Finally, Macquarie restated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to 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.