Hanger Inc (HGR) Releases FY13 Earnings Guidance
Hanger Inc (NYSE:HGR) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.08-2.11 for the period, compared to the Thomson Reuters consensus estimate of $2.09, American Banking News reports. The company issued revenue guidance of $1.045-1.055 billion, compared to the consensus revenue estimate of $1.07 billion.
Hanger Inc (NYSE:HGR) traded down 0.75% during mid-day trading on Tuesday, hitting $35.75. The stock had a trading volume of 173,366 shares. Hanger Inc has a one year low of $22.38 and a one year high of $37.39. The stock has a 50-day moving average of $32.2 and a 200-day moving average of $31.92. The company has a market cap of $1.246 billion and a P/E ratio of 20.62.
Hanger (NYSE:HGR) last released its earnings data on Wednesday, October 30th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.04. The company had revenue of $271.10 million for the quarter, compared to the consensus estimate of $270.42 million. During the same quarter last year, the company posted $0.50 earnings per share. Hanger’s revenue was up 11.3% compared to the same quarter last year. Analysts expect that Hanger Inc will post $2.09 EPS for the current fiscal year.
HGR has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Hanger from $36.00 to $41.00 in a research note to investors on Friday, August 2nd. They now have a buy rating on the stock. Analysts at CJS Securities downgraded shares of Hanger from an outperform rating to a market perform rating in a research note to investors on Thursday, August 1st. They now have a $35.00 price target on the stock.
Hanger, Inc, formerly Hanger Orthopedic Group, Inc, is a provider of services and products that enhance human physical capabilities.
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