FY2024 Earnings Estimate for BTSG Issued By Leerink Partnrs

BrightSpring Health Services, Inc. (NASDAQ:BTSG) – Leerink Partnrs increased their FY2024 earnings estimates for shares of BrightSpring Health Services in a note issued to investors on Monday, November 4th. Leerink Partnrs analyst W. Mayo now anticipates that the company will post earnings per share of $0.76 for the year, up from their previous estimate of $0.72. The consensus estimate for BrightSpring Health Services’ current full-year earnings is $0.53 per share. Leerink Partnrs also issued estimates for BrightSpring Health Services’ Q4 2024 earnings at $0.21 EPS.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.72 billion. BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The firm’s quarterly revenue was up 28.8% on a year-over-year basis.

Several other equities analysts have also recently weighed in on the stock. Mizuho raised their price target on shares of BrightSpring Health Services from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday. KeyCorp assumed coverage on shares of BrightSpring Health Services in a research note on Friday, October 11th. They issued a “sector weight” rating on the stock. UBS Group increased their price objective on shares of BrightSpring Health Services from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Guggenheim upped their target price on BrightSpring Health Services from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Finally, BTIG Research raised their price target on BrightSpring Health Services from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.79.

BrightSpring Health Services Stock Up 3.1 %

BTSG stock opened at $18.92 on Wednesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 1.00. The stock has a market capitalization of $3.29 billion and a P/E ratio of -72.77. BrightSpring Health Services has a fifty-two week low of $7.85 and a fifty-two week high of $18.99. The business has a 50-day moving average of $14.99 and a 200-day moving average of $12.65.

Insider Buying and Selling at BrightSpring Health Services

In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of BrightSpring Health Services stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Investors Weigh In On BrightSpring Health Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in BrightSpring Health Services during the first quarter worth about $280,000. Vanguard Group Inc. bought a new position in shares of BrightSpring Health Services during the first quarter worth approximately $54,638,000. Ameritas Investment Partners Inc. acquired a new stake in shares of BrightSpring Health Services in the first quarter valued at approximately $58,000. American International Group Inc. bought a new stake in shares of BrightSpring Health Services in the first quarter valued at approximately $289,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in BrightSpring Health Services during the first quarter worth approximately $35,328,000.

BrightSpring Health Services Company Profile

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.