Envision Healthcare Co. (EVHC) Expected to Post Quarterly Sales of $1.97 Billion

Brokerages expect that Envision Healthcare Co. (NYSE:EVHC) will post $1.97 billion in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Envision Healthcare’s earnings, with the lowest sales estimate coming in at $1.94 billion and the highest estimate coming in at $2.02 billion. Envision Healthcare posted sales of $1.39 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 41.7%. The firm is expected to issue its next earnings results after the market closes on Tuesday, February 27th.

On average, analysts expect that Envision Healthcare will report full-year sales of $1.97 billion for the current year, with estimates ranging from $7.76 billion to $7.83 billion. For the next fiscal year, analysts anticipate that the company will post sales of $8.33 billion per share, with estimates ranging from $8.11 billion to $8.46 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Envision Healthcare.

A number of equities analysts have recently commented on EVHC shares. KeyCorp set a $40.00 price target on shares of Envision Healthcare and gave the stock a “buy” rating in a report on Tuesday, November 14th. Jefferies Group set a $71.00 price target on shares of Envision Healthcare and gave the stock a “buy” rating in a report on Wednesday, November 1st. Robert W. Baird reiterated a “buy” rating and set a $70.00 price target on shares of Envision Healthcare in a report on Tuesday, October 17th. Canaccord Genuity reiterated a “buy” rating and set a $32.00 price target (down previously from $68.00) on shares of Envision Healthcare in a report on Thursday, November 2nd. Finally, SunTrust Banks set a $40.00 target price on shares of Envision Healthcare and gave the company a “buy” rating in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $41.83.

A number of hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its holdings in Envision Healthcare by 1.5% in the second quarter. PNC Financial Services Group Inc. now owns 4,848 shares of the company’s stock valued at $304,000 after buying an additional 70 shares during the period. Phocas Financial Corp. increased its stake in Envision Healthcare by 0.4% in the second quarter. Phocas Financial Corp. now owns 101,263 shares of the company’s stock valued at $6,346,000 after purchasing an additional 427 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Envision Healthcare by 0.9% in the third quarter. State Board of Administration of Florida Retirement System now owns 145,676 shares of the company’s stock valued at $6,548,000 after purchasing an additional 1,240 shares in the last quarter. HighTower Advisors LLC increased its stake in Envision Healthcare by 30.7% in the second quarter. HighTower Advisors LLC now owns 5,936 shares of the company’s stock valued at $371,000 after purchasing an additional 1,395 shares in the last quarter. Finally, M&T Bank Corp increased its stake in Envision Healthcare by 33.6% in the fourth quarter. M&T Bank Corp now owns 6,818 shares of the company’s stock valued at $235,000 after purchasing an additional 1,716 shares in the last quarter.

Envision Healthcare (NYSE EVHC) opened at $36.69 on Tuesday. The company has a market cap of $4,460.00, a price-to-earnings ratio of -24.62, a PEG ratio of 0.95 and a beta of 0.57. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.00 and a current ratio of 3.01. Envision Healthcare has a fifty-two week low of $23.77 and a fifty-two week high of $73.00.

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Envision Healthcare Company Profile

Envision Healthcare Holdings, Inc, formerly CDRT Holding Corporation, is a holding company. The Company, through its subsidiary, provides physician-led medical services in the United States. It operates in two segments: EmCare Holdings, Inc (EmCare) and American Medical Response, Inc (AMR). Its EmCare segment is a provider of integrated facility-based and post-acute care physician services to healthcare facilities in the United States.

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