$0.20 Earnings Per Share Expected for Kindred Healthcare, Inc. (KND) This Quarter

Wall Street analysts expect Kindred Healthcare, Inc. (NYSE:KND) to post $0.20 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Kindred Healthcare’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.21. Kindred Healthcare reported earnings of $0.08 per share during the same quarter last year, which would indicate a positive year over year growth rate of 150%. The business is expected to issue its next earnings report on Monday, February 26th.

According to Zacks, analysts expect that Kindred Healthcare will report full year earnings of $0.31 per share for the current financial year. For the next fiscal year, analysts expect that the firm will report earnings of $0.67 per share, with EPS estimates ranging from $0.64 to $0.70. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Kindred Healthcare.

Kindred Healthcare (NYSE:KND) last released its quarterly earnings results on Monday, November 6th. The health services provider reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.08. Kindred Healthcare had a positive return on equity of 2.29% and a negative net margin of 8.06%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the firm posted $0.05 earnings per share. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research cut Kindred Healthcare from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Mizuho set a $9.00 price target on Kindred Healthcare and gave the stock a “hold” rating in a report on Monday, December 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $8.50 price target (up from $7.50) on shares of Kindred Healthcare in a report on Thursday, November 9th. Stifel Nicolaus raised Kindred Healthcare from a “sell” rating to a “hold” rating and set a $7.00 price objective for the company in a research report on Monday, November 20th. Finally, ValuEngine raised Kindred Healthcare from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $9.31.

Large investors have recently made changes to their positions in the company. Smith Graham & Co. Investment Advisors LP grew its position in shares of Kindred Healthcare by 39.6% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 1,238,980 shares of the health services provider’s stock valued at $8,425,000 after purchasing an additional 351,280 shares during the period. Teachers Advisors LLC grew its position in Kindred Healthcare by 8.1% during the second quarter. Teachers Advisors LLC now owns 162,452 shares of the health services provider’s stock valued at $1,893,000 after acquiring an additional 12,132 shares during the period. BlackRock Inc. grew its position in Kindred Healthcare by 0.3% during the second quarter. BlackRock Inc. now owns 10,808,864 shares of the health services provider’s stock valued at $125,923,000 after acquiring an additional 29,673 shares during the period. Vanguard Group Inc. grew its position in Kindred Healthcare by 8.6% during the second quarter. Vanguard Group Inc. now owns 8,031,919 shares of the health services provider’s stock valued at $93,572,000 after acquiring an additional 635,000 shares during the period. Finally, Gamco Investors INC. ET AL grew its position in Kindred Healthcare by 6.2% during the third quarter. Gamco Investors INC. ET AL now owns 458,446 shares of the health services provider’s stock valued at $3,117,000 after acquiring an additional 26,700 shares during the period. 85.14% of the stock is owned by institutional investors and hedge funds.

Kindred Healthcare (KND) opened at $9.15 on Monday. Kindred Healthcare has a 1-year low of $5.50 and a 1-year high of $11.90. The firm has a market capitalization of $836.92, a price-to-earnings ratio of -1.52 and a beta of 1.20. The company has a debt-to-equity ratio of 6.22, a current ratio of 1.55 and a quick ratio of 1.53.

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About Kindred Healthcare

Kindred Healthcare, Inc, incorporated on March 27, 1998, is a healthcare services company. The Company, through its subsidiaries, operates transitional care (TC) hospitals, a home health, hospice and community care business, inpatient rehabilitation hospitals (IRFs), a contract rehabilitation services business, nursing centers and assisted living facilities across the United States.

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