Notable News Spotlight: Brookdale Senior Living Inc. (NYSE:BKD)

Brookdale Senior Living Inc. (NYSE:BKD) changed -3.17% to recent value of $7.34. The stock transacted 1201612 shares during most recent day however it has an average volume of 1844.12K shares. It spotted trading -26.60% off 52-week high price. On the other end, the stock has been noted 22.95% away from the low price over the last 52-weeks.

On Aug. 5, 2019, Brookdale Senior Living Inc. (NYSE:BKD) revealed results for the quarter ended June 30, 2019.

SECOND QUARTER 2019 HIGHLIGHTS

  • Positive year-over-year same community move-in growth for the first time since the third quarter of 2017.
  • All Senior Housing segments grew same community revenue year over year.
  • Revenue per available unit (RevPAR) and revenue per occupied unit (RevPOR) increased year over year 1.9% and 3.3%, respectively, on a same community basis.
  • Health Care Services revenue grew 2.6% sequentially and 4.2% on a year-over-year basis.
  • Since the first quarter of 2018, community sales have generated over $230 million of net proceeds.
  • Net Promoter Score® (NPS®) is up over 20% since our last survey with over 50,000 customer responses.

Lucinda (Cindy) Baier, Brookdale’s President and CEO, said This quarter is continuing evidence that we are building positive momentum and are making progress on our strategy to turn around Brookdale. Same community move-ins showed positive year-over-year growth and sequential occupancy growth in May, earlier than the past few years. Compared to last year, for the quarter and year-to-date, revenue grew for all three of our Senior Housing segments on a same community basis and also for our Health Care Services. In addition to our financial successes, total company associate turnover improved 5% in the second quarter, compared to last year. We are improving our operations in advance of the approaching demographic tailwind, and I am confident that we are executing on the right strategy to provide Brookdale shareholders with long term value.

BKD has a gross margin of 23.10% and an operating margin of -4.00% while its profit margin remained -2.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained 24.40% for this year while earning per share for the next 5-years is expected to reach at 10.00%.

The company has 185.45M of outstanding shares and 182.08M shares were floated in the market. According to the most recent quarter its current ratio was 0.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of -6.48% from the mean of 20 days, 2.73% from mean of 50 days SMA and performed -0.78% from mean of 200 days price. Company’s performance for the week was -6.62%, -10.05% for month and YTD performance remained 9.55%.

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