Envision Healthcare Corporation (EVHC) Set to Announce Earnings on Tuesday
Envision Healthcare Corporation (NYSE:EVHC) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 31st. Analysts expect Envision Healthcare Corporation to post earnings of $0.82 per share for the quarter. Envision Healthcare Corporation has set its Q3 guidance at $0.87-0.83 EPS and its FY17 guidance at $3.35-3.45 EPS.
Envision Healthcare Corporation (NYSE:EVHC) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. Envision Healthcare Corporation had a positive return on equity of 5.35% and a negative net margin of 7.35%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 156.7% compared to the same quarter last year. On average, analysts expect Envision Healthcare Corporation to post $3.15 EPS for the current fiscal year and $3.48 EPS for the next fiscal year.
Shares of Envision Healthcare Corporation (NYSE:EVHC) traded down 3.53% during trading on Tuesday, reaching $42.59. The company had a trading volume of 757,891 shares. The company’s market cap is $4.99 billion. The firm has a 50 day moving average price of $45.15 and a 200 day moving average price of $53.91. Envision Healthcare Corporation has a 12 month low of $39.66 and a 12 month high of $74.75.
Envision Healthcare Corporation announced that its Board of Directors has initiated a stock buyback program on Monday, September 18th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to repurchase up to 4.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
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Several research analysts have recently commented on EVHC shares. Robert W. Baird reaffirmed a “buy” rating and set a $70.00 target price on shares of Envision Healthcare Corporation in a report on Tuesday, October 17th. SunTrust Banks, Inc. set a $55.00 target price on shares of Envision Healthcare Corporation and gave the stock a “buy” rating in a report on Sunday, October 15th. Bank of America Corporation lowered their target price on shares of Envision Healthcare Corporation from $72.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, October 9th. Jefferies Group LLC set a $71.00 target price on shares of Envision Healthcare Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $80.00 target price on shares of Envision Healthcare Corporation in a report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Envision Healthcare Corporation has an average rating of “Buy” and a consensus price target of $73.00.
Envision Healthcare Corporation 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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