Surgery Partners, Inc. (SGRY) Set to Announce Quarterly Earnings on Tuesday
Surgery Partners, Inc. (NASDAQ:SGRY) will issue its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.03 per share for the quarter.
Surgery Partners, Inc. (NASDAQ:SGRY) opened at 9.15 on Tuesday. Surgery Partners, Inc. has a 12 month low of $8.52 and a 12 month high of $24.05. The firm’s 50-day moving average price is $9.82 and its 200 day moving average price is $16.17. The stock has a market cap of $446.62 million, a price-to-earnings ratio of 60.20 and a beta of 2.05.
In other Surgery Partners news, major shareholder H.I.G. Surgery Centers, Llc sold 26,455,651 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $19.00, for a total value of $502,657,369.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.60% of the stock is currently owned by corporate insiders.
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SGRY has been the subject of several research reports. Bank of America Corporation lowered their target price on Surgery Partners from $23.00 to $19.00 and set a “buy” rating for the company in a report on Monday, October 9th. Zacks Investment Research cut Surgery Partners from a “hold” rating to a “strong sell” rating in a report on Saturday, August 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $16.00 target price (down from $22.00) on shares of Surgery Partners in a report on Friday, September 8th. BidaskClub cut Surgery Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $17.00 target price (down from $28.00) on shares of Surgery Partners in a report on Friday, August 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $19.29.
Surgery Partners Company Profile
Surgery Partners, Inc is a healthcare services company. The Company operates in three lines of business across the United States: Surgical Facility Services, Ancillary Services and Optical Services. The Company’s Surgical Facility Services segment consists of the operation of ambulatory surgery centers (ASCs) and surgical hospitals, which include its anesthesia services.
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