LHC Group, Inc. (LHCG) Expected to Post Earnings of $0.62 Per Share

Wall Street brokerages expect that LHC Group, Inc. (NASDAQ:LHCG) will report earnings per share (EPS) of $0.62 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for LHC Group’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.63. LHC Group posted earnings per share of $0.58 during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The business is expected to announce its next earnings report on Wednesday, March 14th.

According to Zacks, analysts expect that LHC Group will report full-year earnings of $2.40 per share for the current fiscal year, with EPS estimates ranging from $2.38 to $2.44. For the next year, analysts forecast that the firm will report earnings of $2.66 per share, with EPS estimates ranging from $2.52 to $2.78. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow LHC Group.

LHC Group (NASDAQ:LHCG) last announced its earnings results on Monday, November 6th. The health services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $265.35 million. During the same period in the prior year, the company earned $0.54 earnings per share. The business’s revenue was up 18.2% compared to the same quarter last year.

A number of brokerages have recently issued reports on LHCG. Robert W. Baird reiterated a “hold” rating and set a $69.00 price target on shares of LHC Group in a research note on Friday, November 10th. Zacks Investment Research lowered shares of LHC Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Royal Bank of Canada boosted their price target 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. Oppenheimer boosted their price target on shares of LHC Group from $68.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 7th. Finally, Jefferies Group boosted their price target on shares of LHC Group from $68.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $77.10.

Institutional investors and hedge funds have recently modified their holdings of the business. Nine Chapters Capital Management LLC acquired a new position in LHC Group during the third quarter worth about $255,000. Public Employees Retirement System of Ohio grew its position in LHC Group by 4,288.5% during the third quarter. Public Employees Retirement System of Ohio now owns 56,129 shares of the health services provider’s stock worth $3,981,000 after buying an additional 54,850 shares during the period. BNP Paribas Arbitrage SA grew its position in LHC Group by 54.0% during the third quarter. BNP Paribas Arbitrage SA now owns 8,662 shares of the health services provider’s stock worth $614,000 after buying an additional 3,037 shares during the period. Vident Investment Advisory LLC acquired a new position in LHC Group during the third quarter worth about $2,448,000. Finally, Linscomb & Williams Inc. acquired a new position in LHC Group during the second quarter worth about $2,268,000. Institutional investors own 85.93% of the company’s stock.

Shares of LHC Group (NASDAQ:LHCG) traded down $0.41 during trading on Monday, hitting $65.02. 188,978 shares of the stock were exchanged, compared to its average volume of 267,271. LHC Group has a twelve month low of $44.13 and a twelve month high of $76.14. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1,190.00, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 1.75 and a beta of 0.70.

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About LHC Group

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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