Brokerages Anticipate Envision Healthcare Co. (EVHC) Will Post Earnings of $0.71 Per Share
Wall Street brokerages expect Envision Healthcare Co. (NYSE:EVHC) to report $0.71 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Envision Healthcare’s earnings. The highest EPS estimate is $0.72 and the lowest is $0.69. Envision Healthcare posted earnings of $0.74 per share during the same quarter last year, which suggests a negative year over year growth rate of 4.1%. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, May 2nd.
On average, analysts expect that Envision Healthcare will report full-year earnings of $3.93 per share for the current fiscal year, with EPS estimates ranging from $3.86 to $4.07. For the next fiscal year, analysts expect that the company will post earnings of $4.57 per share, with EPS estimates ranging from $4.23 to $4.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Envision Healthcare.
Envision Healthcare (NYSE:EVHC) last issued its quarterly earnings results on Tuesday, February 28th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.20 by $0.12. The company earned $1.39 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Envision Healthcare had a return on equity of 8.05% and a net margin of 6.06%. Envision Healthcare’s revenue was up 97.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 EPS.
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EVHC has been the subject of several recent analyst reports. Zacks Investment Research cut Envision Healthcare from a “buy” rating to a “hold” rating in a report on Monday, February 6th. Barclays PLC restated an “overweight” rating on shares of Envision Healthcare in a report on Tuesday, March 21st. TheStreet lowered Envision Healthcare from a “b-” rating to a “c+” rating in a research note on Thursday, March 9th. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and issued a $90.00 price objective (down from $100.00) on shares of Envision Healthcare in a research note on Thursday, December 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Envision Healthcare in a research note on Thursday, March 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $70.44.
Shares of Envision Healthcare (NYSE:EVHC) opened at 57.46 on Thursday. The stock’s 50 day moving average is $62.93 and its 200-day moving average is $52.16. Envision Healthcare has a 12-month low of $57.24 and a 12-month high of $83.27. The stock’s market cap is $6.68 billion.
In other news, insider Robert Jon Coward sold 1,500 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $65.00, for a total transaction of $97,500.00. Following the completion of the sale, the insider now directly owns 104,319 shares of the company’s stock, valued at $6,780,735. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of EVHC. Rhumbline Advisers raised its position in Envision Healthcare by 5.3% in the third quarter. Rhumbline Advisers now owns 179,835 shares of the company’s stock valued at $4,005,000 after buying an additional 9,007 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Envision Healthcare by 9.6% in the third quarter. TIAA CREF Investment Management LLC now owns 751,276 shares of the company’s stock valued at $16,731,000 after buying an additional 66,057 shares during the last quarter. Teachers Advisors LLC raised its position in Envision Healthcare by 0.8% in the third quarter. Teachers Advisors LLC now owns 692,339 shares of the company’s stock valued at $15,418,000 after buying an additional 5,497 shares during the last quarter. BlackRock Japan Co. Ltd raised its position in Envision Healthcare by 1.2% in the third quarter. BlackRock Japan Co. Ltd now owns 236,193 shares of the company’s stock valued at $5,260,000 after buying an additional 2,814 shares during the last quarter. Finally, IndexIQ Advisors LLC acquired a new position in Envision Healthcare during the third quarter valued at $2,886,000. 35.96% of the stock is currently owned by hedge funds and other institutional investors.
Envision Healthcare Company Profile
Envision Healthcare Holdings, Inc, formerly CDRT Holding Corporation, is a holding company. The Company, through its subsidiary, provides physician-led medical services in the United States. It operates in two segments: EmCare Holdings, Inc (EmCare) and American Medical Response, Inc (AMR). Its EmCare segment is a provider of integrated facility-based and post-acute care physician services to healthcare facilities in the United States.
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