Kindred Healthcare Inc. (KND) Issues FY14 Earnings Guidance
Kindred Healthcare Inc. (NYSE:KND) updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of $1.05-1.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.13, American Banking & Market News reports. The company issued revenue guidance of ~$5.2 billion, compared to the consensus revenue estimate of $5.18 billion.
Several analysts have recently commented on the stock. Analysts at Roth Capital initiated coverage on shares of Kindred Healthcare in a research note on Tuesday, February 4th. They set a buy rating on the stock. On a related note, analysts at BMO Capital Markets downgraded shares of Kindred Healthcare to a market perform rating in a research note on Thursday, January 23rd. Finally, analysts at UBS AG raised their price target on shares of Kindred Healthcare from $14.50 to $21.00 in a research note on Thursday, January 16th. They now have a neutral rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $19.98.
Kindred Healthcare Inc. (NYSE:KND) traded down 0.31% on Thursday, hitting $19.55. 422,596 shares of the company’s stock traded hands. Kindred Healthcare Inc. has a 52 week low of $9.75 and a 52 week high of $21.40. The stock has a 50-day moving average of $19.53 and a 200-day moving average of $16.44. The company’s market cap is $1.059 billion.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.46%.
Kindred Healthcare, Inc is a healthcare services company that through its subsidiaries operates transitional care (NYSE:KND) hospitals, inpatient rehabilitation hospitals (IRFs), nursing and rehabilitation centers, assisted living facilities, a contract rehabilitation services business and a home health and hospice business across the United States.
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