Zacks: Brokerages Expect LHC Group (LHCG) to Announce $0.62 Earnings Per Share

Equities research analysts forecast that LHC Group (NASDAQ:LHCG) will announce earnings per share of $0.62 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for LHC Group’s earnings. The highest EPS estimate is $0.63 and the lowest is $0.58. LHC Group posted earnings of $0.58 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The business is scheduled to announce its next earnings report on Wednesday, March 14th.

On average, analysts expect that LHC Group will report full year earnings of $2.40 per share for the current financial year, with EPS estimates ranging from $2.38 to $2.44. For the next year, analysts expect that the business will post earnings of $2.67 per share, with EPS estimates ranging from $2.52 to $2.78. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow LHC Group.

LHC Group (NASDAQ:LHCG) last posted its quarterly earnings results on Monday, November 6th. The health services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.60 by $0.04. LHC Group had a net margin of 4.09% and a return on equity of 9.52%. The business had revenue of $272.90 million during the quarter, compared to analyst estimates of $265.35 million. During the same quarter in the previous year, the business posted $0.54 EPS. The company’s quarterly revenue was up 18.2% compared to the same quarter last year.

Several equities research analysts have recently commented on LHCG shares. SunTrust Banks restated a “buy” rating and issued a $75.00 price target on shares of LHC Group in a report on Friday, November 3rd. Royal Bank Of Canada boosted their price objective on shares of LHC Group from $70.00 to $81.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 7th. Zacks Investment Research lowered shares of LHC Group from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Oppenheimer boosted their target price on shares of LHC Group from $68.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. Finally, Bank of America started coverage on shares of LHC Group in a research report on Monday, August 21st. They set a “buy” rating and a $76.00 target price on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. LHC Group presently has a consensus rating of “Buy” and a consensus target price of $77.10.

LHC Group (NASDAQ LHCG) traded down $0.34 during trading hours on Friday, hitting $65.43. 352,819 shares of the stock traded hands, compared to its average volume of 255,733. LHC Group has a twelve month low of $41.66 and a twelve month high of $76.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market cap of $1,202.21, a price-to-earnings ratio of 28.23, a P/E/G ratio of 1.95 and a beta of 0.69.

In related news, COO Donald Dwayne Stelly sold 2,650 shares of the firm’s stock in a transaction dated 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 directly owns 109,235 shares in the company, valued at $7,137,414.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 14.80% of the company’s stock.

A number of hedge funds have recently made changes to their positions in LHCG. Geode Capital Management LLC boosted its stake in LHC Group by 13.8% during the first quarter. Geode Capital Management LLC now owns 140,971 shares of the health services provider’s stock worth $7,598,000 after buying an additional 17,108 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of LHC Group by 7.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 84,338 shares of the health services provider’s stock valued at $4,546,000 after purchasing an additional 5,551 shares during the period. Bank of America Corp DE boosted its stake in shares of LHC Group by 123.5% in the first quarter. Bank of America Corp DE now owns 34,658 shares of the health services provider’s stock valued at $1,868,000 after purchasing an additional 19,154 shares during the period. State Street Corp boosted its stake in shares of LHC Group by 4.7% in the first quarter. State Street Corp now owns 391,375 shares of the health services provider’s stock valued at $21,095,000 after purchasing an additional 17,439 shares during the period. Finally, Capstone Asset Management Co. purchased a new position in shares of LHC Group in the second quarter valued at approximately $245,000. 85.25% of the stock is owned by institutional investors.

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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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Earnings History and Estimates for LHC Group (NASDAQ:LHCG)

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