LHC Group (LHCG) Scheduled to Post Quarterly Earnings on Monday
LHC Group (NASDAQ:LHCG) is set to issue its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. LHC Group has set its FY17 guidance at $2.30-2.40 EPS.
LHC Group (NASDAQ:LHCG) last issued its quarterly earnings results on Wednesday, August 2nd. The health services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.09. LHC Group had a return on equity of 9.62% and a net margin of 4.13%. The company had revenue of $260.20 million for the quarter, compared to analyst estimates of $254.10 million. During the same quarter in the prior year, the company posted $0.52 EPS. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, analysts expect LHC Group to post $2.4 EPS for the current fiscal year and $2.64 EPS for the next fiscal year.
LHC Group (NASDAQ:LHCG) opened at 68.84 on Monday. LHC Group has a 52 week low of $32.04 and a 52 week high of $73.85. The firm’s 50 day moving average price is $67.20 and its 200-day moving average price is $63.20. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 30.46 and a beta of 0.76.
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A number of equities analysts recently commented on LHCG shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $70.00 price objective on shares of LHC Group in a research note on Wednesday, September 6th. Bank of America Corporation started coverage on shares of LHC Group in a research note on Monday, August 21st. They issued a “buy” rating and a $76.00 price objective for the company. BidaskClub raised shares of LHC Group from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $68.00 price objective on shares of LHC Group in a research note on Friday, August 4th. Finally, Zacks Investment Research raised shares of LHC Group from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Saturday, August 5th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $66.60.
In other LHC Group news, COO Donald Dwayne Stelly sold 2,650 shares of LHC Group stock in a transaction on Friday, September 8th. The shares were sold at an average price of $65.34, for a total transaction of $173,151.00. Following the completion of the sale, the chief operating officer now owns 109,235 shares of the company’s stock, valued at approximately $7,137,414.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 14.80% of the company’s stock.
LHC Group Company Profile
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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