FY2017 Earnings Forecast for LifePoint Health, Inc. Issued By KeyCorp (LPNT)
LifePoint Health, Inc. (NASDAQ:LPNT) – Stock analysts at KeyCorp dropped their FY2017 earnings per share estimates for shares of LifePoint Health in a research note issued on Sunday. KeyCorp analyst J. Gurda now forecasts that the company will earn $3.70 per share for the year, down from their previous estimate of $4.11. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for LifePoint Health’s FY2018 earnings at $4.17 EPS and FY2019 earnings at $4.70 EPS.
LifePoint Health (NASDAQ:LPNT) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.15). LifePoint Health had a net margin of 2.45% and a return on equity of 7.01%. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the company earned $0.94 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year.
Several other equities analysts have also recently weighed in on LPNT. BidaskClub cut LifePoint Health from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. ValuEngine cut LifePoint Health from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded LifePoint Health from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Piper Jaffray Companies reiterated a “hold” rating and issued a $66.00 price target on shares of LifePoint Health in a research report on Wednesday, October 4th. Finally, SunTrust Banks, Inc. set a $60.00 price target on LifePoint Health and gave the company a “hold” rating in a research report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $62.14.
LifePoint Health (NASDAQ LPNT) opened at 47.05 on Tuesday. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 10.54 and a beta of 0.84. LifePoint Health has a one year low of $46.50 and a one year high of $70.95. The firm has a 50-day moving average price of $56.24 and a 200-day moving average price of $60.32.
A number of institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas grew its position in LifePoint Health by 0.3% during the second quarter. Teacher Retirement System of Texas now owns 3,211 shares of the company’s stock worth $216,000 after buying an additional 9 shares in the last quarter. US Bancorp DE grew its position in LifePoint Health by 0.8% during the second quarter. US Bancorp DE now owns 1,947 shares of the company’s stock worth $130,000 after buying an additional 16 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in LifePoint Health by 1.0% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,891 shares of the company’s stock worth $396,000 after buying an additional 56 shares in the last quarter. Meeder Asset Management Inc. grew its position in LifePoint Health by 0.6% during the second quarter. Meeder Asset Management Inc. now owns 13,547 shares of the company’s stock worth $909,000 after buying an additional 76 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in LifePoint Health by 10.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,678 shares of the company’s stock worth $113,000 after buying an additional 164 shares in the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.
LifePoint Health declared that its board has approved a stock buyback program on Friday, October 27th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
About LifePoint Health
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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