FY2024 Earnings Estimate for BTSG Issued By Leerink Partnrs

BrightSpring Health Services, Inc. (NASDAQ:BTSG) – Research analysts at Leerink Partnrs upped their FY2024 earnings per share estimates for BrightSpring Health Services in a report released on Monday, November 4th. Leerink Partnrs analyst W. Mayo now anticipates that the company will earn $0.76 per share for the year, up from their previous forecast of $0.72. The consensus estimate for BrightSpring Health Services’ current full-year earnings is $0.55 per share. Leerink Partnrs also issued estimates for BrightSpring Health Services’ Q4 2024 earnings at $0.21 EPS.

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

BrightSpring Health Services Stock Up 4.1 %

Shares of BrightSpring Health Services stock opened at $18.35 on Wednesday. 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 business’s 50 day simple moving average is $14.87 and its 200-day simple moving average is $12.61. The stock has a market capitalization of $3.15 billion and a price-to-earnings ratio of -70.58. BrightSpring Health Services has a twelve month low of $7.85 and a twelve month high of $18.40.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.72 billion. BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.47%. The business’s quarterly revenue was up 28.8% compared to the same quarter last year.

Insider Buying and Selling at BrightSpring Health Services

In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On BrightSpring Health Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTSG. Kohlberg Kravis Roberts & Co. L.P. bought a new position in BrightSpring Health Services during the 1st quarter valued at $884,166,000. 8 Knots Management LLC bought a new stake in shares of BrightSpring Health Services during the 1st quarter worth $67,678,000. Vanguard Group Inc. bought a new stake in shares of BrightSpring Health Services during the 1st quarter worth $54,638,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of BrightSpring Health Services during the 1st quarter worth $35,328,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of BrightSpring Health Services during the 1st quarter worth $16,260,000.

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.