Brokerages Expect LHC Group (NASDAQ:LHCG) Will Post Quarterly Sales of $252.84 Million
Equities analysts expect that LHC Group (NASDAQ:LHCG) will post $252.84 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for LHC Group’s earnings. The lowest sales estimate is $251.10 million and the highest is $254.23 million. LHC Group posted sales of $226.03 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.9%. The business is expected to report its next earnings results after the market closes on Wednesday, August 2nd.
On average, analysts expect that LHC Group will report full-year sales of $252.84 million for the current year, with estimates ranging from $1.02 billion to $1.03 billion. For the next financial year, analysts forecast that the business will report sales of $1.10 billion per share, with estimates ranging from $1.08 billion to $1.12 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow LHC Group.
LHCG has been the topic of a number of research reports. Royal Bank Of Canada restated a “buy” rating and issued a $69.00 price objective on shares of LHC Group in a report on Monday, May 15th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $68.00 price objective (up previously from $55.00) on shares of LHC Group in a report on Monday, May 8th. Zacks Investment Research lowered LHC Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Jefferies Group LLC raised their price objective on LHC Group from $56.00 to $65.00 and gave the company a “buy” rating in a report on Monday, May 15th. Finally, Benchmark Co. raised their price objective on LHC Group from $63.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, June 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $64.38.
Shares of LHC Group (NASDAQ:LHCG) opened at 63.43 on Friday. The company has a market cap of $1.16 billion, a PE ratio of 29.37 and a beta of 0.80. LHC Group has a 12 month low of $32.04 and a 12 month high of $69.35. The company has a 50-day moving average of $65.38 and a 200 day moving average of $55.22.
In other news, Director Coliseum Capital Management, L sold 14,450 shares of LHC Group stock in a transaction on Friday, June 16th. The stock was sold at an average price of $65.69, for a total transaction of $949,220.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Donald Dwayne Stelly sold 3,181 shares of LHC Group stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $64.97, for a total value of $206,669.57. Following the transaction, the chief operating officer now owns 114,235 shares in the company, valued at approximately $7,421,847.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 682,839 shares of company stock worth $42,140,531. Insiders own 14.80% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of LHCG. Russell Investments Group Ltd. bought a new position in LHC Group during the fourth quarter valued at approximately $1,535,000. Comerica Bank raised its position in LHC Group by 5.8% in the fourth quarter. Comerica Bank now owns 15,836 shares of the health services provider’s stock valued at $732,000 after buying an additional 863 shares in the last quarter. State Street Corp raised its position in LHC Group by 7.8% in the fourth quarter. State Street Corp now owns 373,936 shares of the health services provider’s stock valued at $17,094,000 after buying an additional 26,915 shares in the last quarter. Thrivent Financial for Lutherans raised its position in LHC Group by 5.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,050 shares of the health services provider’s stock valued at $368,000 after buying an additional 450 shares in the last quarter. Finally, Norges Bank bought a new position in LHC Group during the fourth quarter valued at approximately $7,913,000. Institutional investors and hedge funds own 84.56% of the company’s stock.
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About LHC Group
LHC Group, Inc is a holding company. The Company provides post-acute healthcare services to patients through its home nursing agencies, hospice 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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