Brokerages predict that LifePoint Health, Inc. (NASDAQ:LPNT) will post $1.60 billion in sales for the current quarter, Zacks reports. Eight analysts have issued estimates for LifePoint Health’s earnings. The lowest sales estimate is $1.58 billion and the highest is $1.61 billion. LifePoint Health reported sales of $1.59 billion in the same quarter last year, which indicates a positive year over year growth rate of 0.6%. The company is scheduled to report its next quarterly earnings report on Friday, October 27th.

According to Zacks, analysts expect that LifePoint Health will report full-year sales of $1.60 billion for the current financial year, with estimates ranging from $6.44 billion to $6.49 billion. For the next financial year, analysts forecast that the firm will report sales of $6.61 billion per share, with estimates ranging from $6.48 billion to $6.72 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for LifePoint Health.

LifePoint Health (NASDAQ:LPNT) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.06. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.64 billion. LifePoint Health had a return on equity of 7.40% and a net margin of 2.61%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share.

A number of research firms have commented on LPNT. BidaskClub lowered shares of LifePoint Health from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered shares of LifePoint Health from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. ValuEngine upgraded shares of LifePoint Health from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Royal Bank Of Canada restated a “buy” rating and issued a $77.00 price target on shares of LifePoint Health in a research report on Wednesday, July 5th. Finally, Leerink Swann upgraded shares of LifePoint Health from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $73.00 to $74.00 in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $66.18.

Shares of LifePoint Health (LPNT) opened at 56.60 on Friday. The stock’s 50 day moving average price is $57.49 and its 200-day moving average price is $61.98. The company has a market cap of $2.27 billion, a PE ratio of 12.67 and a beta of 0.85. LifePoint Health has a 12-month low of $50.60 and a 12-month high of $70.95.

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In related news, Chairman William F. Carpenter III sold 17,653 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $65.06, for a total value of $1,148,504.18. Following the transaction, the chairman now directly owns 439,841 shares in the company, valued at $28,616,055.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.28% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in LPNT. BlackRock Inc. lifted its holdings in LifePoint Health by 11,671.9% in the first quarter. BlackRock Inc. now owns 3,745,824 shares of the company’s stock valued at $245,351,000 after buying an additional 3,714,004 shares during the period. LSV Asset Management lifted its holdings in LifePoint Health by 83.5% in the second quarter. LSV Asset Management now owns 1,994,557 shares of the company’s stock valued at $133,934,000 after buying an additional 907,469 shares during the period. Point72 Asset Management L.P. lifted its holdings in LifePoint Health by 291.1% in the first quarter. Point72 Asset Management L.P. now owns 688,352 shares of the company’s stock valued at $45,087,000 after buying an additional 512,352 shares during the period. Victory Capital Management Inc. lifted its holdings in LifePoint Health by 130.6% in the second quarter. Victory Capital Management Inc. now owns 816,147 shares of the company’s stock valued at $54,804,000 after buying an additional 462,211 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in LifePoint Health by 95.2% in the first quarter. Prudential Financial Inc. now owns 560,687 shares of the company’s stock valued at $36,725,000 after buying an additional 273,445 shares during the period. Institutional investors and hedge funds own 99.53% of the company’s stock.

LifePoint Health Company Profile

LifePoint Health, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. As of December 31, 2016, the Company operated 72 hospital campuses in 22 states, having a total of 9,424 licensed beds. It offers a range of general and specialized healthcare services to patients through a network of hospitals and outpatient facilities.

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Earnings History and Estimates for LifePoint Health (NASDAQ:LPNT)

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