Wall Street analysts expect that LifePoint Health Inc (NASDAQ:LPNT) will announce $1.61 billion in sales for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for LifePoint Health’s earnings, with estimates ranging from $1.60 billion to $1.64 billion. LifePoint Health reported sales of $1.63 billion during the same quarter last year, which would suggest a negative year over year growth rate of 1.2%. The firm is scheduled to announce its next quarterly earnings report on Friday, April 27th.
According to Zacks, analysts expect that LifePoint Health will report full year sales of $1.61 billion for the current financial year, with estimates ranging from $6.31 billion to $6.47 billion. For the next year, analysts anticipate that the company will report sales of $6.53 billion per share, with estimates ranging from $6.43 billion to $6.65 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow LifePoint Health.
LifePoint Health (NASDAQ:LPNT) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). LifePoint Health had a return on equity of 6.34% and a net margin of 1.46%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm earned $1.07 EPS. The firm’s quarterly revenue was down 7.2% on a year-over-year basis.
In other LifePoint Health news, insider David M. Dill sold 45,000 shares of LifePoint Health stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $48.52, for a total transaction of $2,183,400.00. Following the completion of the sale, the insider now directly owns 252,673 shares in the company, valued at approximately $12,259,693.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman William F. Carpenter III acquired 21,368 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were acquired at an average price of $46.80 per share, with a total value of $1,000,022.40. Following the completion of the purchase, the chairman now owns 482,668 shares in the company, valued at approximately $22,588,862.40. The disclosure for this purchase can be found here. Insiders own 8.76% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB acquired a new position in shares of LifePoint Health in the 4th quarter valued at $230,000. Letko Brosseau & Associates Inc. lifted its stake in shares of LifePoint Health by 3.1% in the 4th quarter. Letko Brosseau & Associates Inc. now owns 1,429,654 shares of the company’s stock valued at $71,197,000 after purchasing an additional 43,615 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of LifePoint Health in the 4th quarter valued at $1,242,000. Gotham Asset Management LLC lifted its stake in shares of LifePoint Health by 138.3% in the 4th quarter. Gotham Asset Management LLC now owns 161,286 shares of the company’s stock valued at $8,032,000 after purchasing an additional 93,596 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of LifePoint Health in the 4th quarter valued at $335,000.
Shares of LifePoint Health (NASDAQ:LPNT) opened at $48.65 on Tuesday. The company has a market cap of $1,920.00, a P/E ratio of 24.33, a P/E/G ratio of 1.35 and a beta of 0.57. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.70 and a quick ratio of 1.49. LifePoint Health has a 12 month low of $41.45 and a 12 month high of $67.95.
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LifePoint Health Company Profile
LifePoint Health, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. As of December 31, 2016, the Company operated 72 hospital campuses in 22 states, having a total of 9,424 licensed beds. It offers a range of general and specialized healthcare services to patients through a network of hospitals and outpatient facilities.
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