Team Health Holdings (TMH) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS
Team Health Holdings (NYSE:TMH) announced its earnings results on Tuesday. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.08, ARN reports. The company had revenue of $675.10 million for the quarter, compared to the consensus estimate of $650.16 million. During the same quarter last year, the company posted $0.44 earnings per share. Team Health Holdings’s revenue was up 16.5% compared to the same quarter last year.
Shares of Team Health Holdings (NYSE:TMH) traded up 0.53% during mid-day trading on Tuesday, hitting $53.52. The stock had a trading volume of 1,169,686 shares. Team Health Holdings has a 52 week low of $36.41 and a 52 week high of $53.59. The stock has a 50-day moving average of $50. and a 200-day moving average of $47.32. The company has a market cap of $3.759 billion and a price-to-earnings ratio of 40.67.
In other Team Health Holdings news, SVP Heidi S. Allen sold 5,271 shares of the company’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $50.02, for a total transaction of $263,655.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird initiated coverage on shares of Team Health Holdings in a research note on Wednesday, July 9th. They set an “outperform” rating and a $60.00 price target on the stock. On the ratings front, analysts at Stifel Nicolaus raised their price target on shares of Team Health Holdings from $52.00 to $56.00 in a research note on Thursday, July 3rd. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs downgraded shares of Team Health Holdings from a “conviction-buy” rating to a “buy” rating in a research note on Monday, June 16th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $54.75.
Team Health Holdings, Inc is a supplier of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States, based upon revenues, patient visits, and number of clients.
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