IPC The Hospitalist Co. (IPCM) to Release Earnings on Thursday
IPC The Hospitalist Co. (NASDAQ:IPCM) will post its Q313 quarterly earnings results on Thursday, October 24th. Analysts expect IPC The Hospitalist Co. to post earnings of $0.52 per share and revenue of $147.73 million for the quarter. IPC The Hospitalist Co. has set its FY13 guidance at $2.15-2.25 EPS.
IPC The Hospitalist Co. (NASDAQ:IPCM) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.01. The company had revenue of $145.80 million for the quarter, compared to the consensus estimate of $149.57 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, analysts expect IPC The Hospitalist Co. to post $2.19 EPS for the current fiscal year and $2.48 EPS for the next fiscal year.
Shares of IPC The Hospitalist Co. (NASDAQ:IPCM) traded down 1.30% on Wednesday, hitting $52.003. 24,591 shares of the company’s stock traded hands. IPC The Hospitalist Co. has a one year low of $33.10 and a one year high of $55.49. The stock has a 50-day moving average of $52.04 and a 200-day moving average of $48.39. The company has a market cap of $875.9 million and a price-to-earnings ratio of 23.09.
A number of research firms have recently commented on IPCM. Analysts at Deutsche Bank raised their price target on shares of IPC The Hospitalist Co. from $48.00 to $52.00 in a research note to investors on Wednesday, October 9th. They now have a “hold” rating on the stock. On the ratings front, analysts at Citigroup Inc. reiterated a “buy” rating on shares of IPC The Hospitalist Co. in a research note to investors on Monday, July 29th. They now have a $70.00 price target on the stock, up previously from $68.00. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. IPC The Hospitalist Co. presently has an average rating of “Hold” and a consensus price target of $52.25.
In other IPC The Hospitalist Co. news, Insider Devra Shapiro unloaded 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $50.78, for a total transaction of $253,900.00. Following the sale, the insider now directly owns 2,645 shares of the company’s stock, valued at approximately $134,313. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
IPC The Hospitalist Company, Inc (NASDAQ:IPCM) is a provider of hospitalist services in the United States.
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