Q2 2017 Earnings Forecast for LHC Group Inc. (LHCG) Issued By SunTrust Banks
LHC Group Inc. (NASDAQ:LHCG) – Research analysts at SunTrust Banks lowered their Q2 2017 earnings estimates for LHC Group in a research report issued to clients and investors on Monday. SunTrust Banks analyst D. Macdonald now anticipates that the brokerage will post earnings per share of $0.49 for the quarter, down from their prior forecast of $0.54. SunTrust Banks also issued estimates for LHC Group’s FY2018 earnings at $2.20 EPS.
Other analysts also recently issued reports about the company. Stephens began coverage on LHC Group in a research note on Friday, June 17th. They issued an “overweight” rating and a $55.00 target price for the company. Zacks Investment Research downgraded LHC Group from a “buy” rating to a “sell” rating in a research note on Tuesday, August 9th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $46.00 target price (down from $50.00) on shares of LHC Group in a research note on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $47.71.
LHC Group (NASDAQ:LHCG) traded up 0.44% during mid-day trading on Wednesday, reaching $36.50. 42,749 shares of the company were exchanged. The stock’s 50-day moving average price is $37.56 and its 200-day moving average price is $39.88. The stock has a market capitalization of $662.58 million, a price-to-earnings ratio of 19.11 and a beta of 0.78. LHC Group has a 1-year low of $32.77 and a 1-year high of $50.68.
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LHC Group (NASDAQ:LHCG) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.52 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.52. LHC Group had a net margin of 3.87% and a return on equity of 9.64%. The company earned $226 million during the quarter, compared to analyst estimates of $221.09 million. During the same period in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year.
In related news, Director Kenneth E. Thorpe sold 1,450 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $36.88, for a total transaction of $53,476.00. Following the completion of the transaction, the director now directly owns 17,550 shares in the company, valued at approximately $647,244. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 18.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of LHC Group during the fourth quarter worth approximately $11,656,000. TIAA CREF Investment Management LLC boosted its position in shares of LHC Group by 10.9% in the first quarter. TIAA CREF Investment Management LLC now owns 124,879 shares of the company’s stock worth $4,441,000 after buying an additional 12,273 shares during the period. Algert Global LLC boosted its position in shares of LHC Group by 30.1% in the first quarter. Algert Global LLC now owns 9,942 shares of the company’s stock worth $354,000 after buying an additional 2,302 shares during the period. Acrospire Investment Management LLC purchased a new position in shares of LHC Group during the first quarter worth approximately $100,000. Finally, Picton Mahoney Asset Management boosted its position in shares of LHC Group by 21.7% in the first quarter. Picton Mahoney Asset Management now owns 2,800 shares of the company’s stock worth $100,000 after buying an additional 500 shares during the period. Institutional investors own 80.71% of the company’s stock.
About LHC Group
LHC Group, Inc is a holding company. The Company provides post-acute healthcare services to patients through its home nursing agencies, community-based services agencies and long-term acute care hospitals (LTACHs). The Company operates through four segments: home health services, hospice services, community-based services and facility-based services.
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