IPC The Hospitalist Co. Inc. (IPCM) Releases FY13 Earnings Guidance
IPC The Hospitalist Co. Inc. (NASDAQ:IPCM) updated its FY13 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.15-2.25 for the period, compared to the Thomson Reuters consensus estimate of $2.19, Analyst Ratings Net reports. The company issued revenue guidance of $597-607 million, compared to the consensus revenue estimate of $603.57 million.
IPCM has been the subject of a number of recent research reports. 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 a related note, 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $52.25.
IPC The Hospitalist Co. Inc. (NASDAQ:IPCM) traded down 0.37% on Thursday, hitting $51.54. 57,685 shares of the company’s stock traded hands. IPC The Hospitalist Co. Inc. has a one year low of $33.10 and a one year high of $55.49. The stock’s 50-day moving average is $52.04 and its 200-day moving average is $48.39. The company has a market cap of $868.1 million and a P/E ratio of 22.67.
IPC The Hospitalist Co. (NASDAQ:IPCM) last announced its earnings results on Thursday, October 24th. The company reported $0.52 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.52. The company had revenue of $149.10 million for the quarter, compared to the consensus estimate of $147.73 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. Analysts expect that IPC The Hospitalist Co. Inc. will post $2.19 EPS for the current fiscal year.
In other IPC The Hospitalist Co. news, Insider Devra Shapiro sold 5,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $50.78, for a total transaction of $253,900.00. Following the transaction, the insider now directly owns 2,645 shares of the company’s stock, valued at approximately $134,313. The sale was disclosed in a 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.