BrightSpring Health Services (BTSG) to Release Quarterly Earnings on Friday

BrightSpring Health Services (NASDAQ:BTSG) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $0.19 per share for the quarter. BrightSpring Health Services has set its FY 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

BrightSpring Health Services (NASDAQ:BTSG) last released its earnings results on Friday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.61 billion. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. On average, analysts expect BrightSpring Health Services to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

BrightSpring Health Services Price Performance

Shares of BTSG stock opened at $14.96 on Thursday. BrightSpring Health Services has a 12 month low of $7.85 and a 12 month high of $16.49. The company has a current ratio of 1.33, a quick ratio of 1.00 and a debt-to-equity ratio of 1.62. The stock has a 50 day moving average of $14.37 and a 200-day moving average of $12.36.

Analyst Ratings Changes

A number of analysts have weighed in on BTSG shares. KeyCorp assumed coverage on shares of BrightSpring Health Services in a report on Friday, October 11th. They issued a “sector weight” rating for the company. The Goldman Sachs Group reduced their target price on shares of BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Guggenheim boosted their price target on BrightSpring Health Services from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. BTIG Research lifted their price objective on BrightSpring Health Services from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, UBS Group upped their target price on BrightSpring Health Services from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, BrightSpring Health Services has an average rating of “Moderate Buy” and an average target price of $16.50.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of BrightSpring Health Services stock in a transaction dated Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

About BrightSpring Health Services

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.