Amsurg Corp. Trading Up 6.1% After Better-Than-Expected Earnings (AMSG)
Amsurg Corp. (NASDAQ:AMSG) shares were up 6.1% on Wednesday following a better than expected earnings announcement, ARN reports. The company traded as high as $46.86 and last traded at $44.70, with a volume of 308,408 shares. The stock had previously closed at $42.12.
The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $284.60 million for the quarter, compared to the consensus estimate of $283.54 million.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Amsurg Corp. in a research note on Thursday, January 2nd. They now have a $48.00 price target on the stock. Analysts at Sidoti initiated coverage on shares of Amsurg Corp. in a research note on Monday, December 9th. They set a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of $44.80.
The stock has a 50-day moving average of $42.93 and a 200-day moving average of $42.53. The company has a market cap of $1.432 billion and a price-to-earnings ratio of 19.26.
AmSurg Corp. is the owner and operator of short stay ambulatory surgery centers (NASDAQ:AMSG) in the United States.