LHC Group (LHCG) Set to Announce Earnings on Wednesday
LHC Group (NASDAQ:LHCG) will post its quarterly earnings results after the market closes on Wednesday, August 2nd. Analysts expect LHC Group to post earnings of $0.54 per share for the quarter.
Shares of LHC Group (NASDAQ:LHCG) traded down 0.46% on Thursday, hitting $58.65. The company had a trading volume of 66,947 shares. The firm has a market capitalization of $1.07 billion, a P/E ratio of 27.15 and a beta of 0.80. The firm has a 50 day moving average of $65.45 and a 200-day moving average of $55.71. LHC Group has a 12-month low of $32.04 and a 12-month high of $69.35.
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In other LHC Group news, Director Coliseum Capital Management, L sold 162,524 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $62.80, for a total value of $10,206,507.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Donald Dwayne Stelly sold 3,181 shares of the stock in a transaction that occurred 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. Insiders sold 682,839 shares of company stock worth $42,140,531 in the last 90 days. Corporate insiders own 14.80% of the company’s stock.
Several brokerages recently commented on LHCG. Stephens set a $69.00 price target on LHC Group and gave the company a “buy” rating in a research report on Saturday, May 6th. Zacks Investment Research raised LHC Group from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Wednesday, April 19th. Royal Bank Of Canada reissued a “buy” rating and set a $69.00 price target on shares of LHC Group in a research report on Tuesday, July 18th. BidaskClub cut LHC Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Jefferies Group LLC reissued a “buy” rating and set a $65.00 price target on shares of LHC Group in a research report on Friday, June 9th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. LHC Group currently has an average rating of “Buy” and an average price target of $64.38.
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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