Genesis Healthcare Inc. (GEN) Shares Up 6%
Shares of Genesis Healthcare Inc. (NYSE:GEN) shot up 6% during mid-day trading on Tuesday . The company traded as high as $2.32 and last traded at $2.29, with a volume of 84,689 shares traded. The stock had previously closed at $2.16.
A number of research firms have recently issued reports on GEN. Bank of America Corp. downgraded shares of Genesis Healthcare from a “neutral” rating to an “underperform” rating in a report on Monday, May 16th. Royal Bank Of Canada dropped their price objective on shares of Genesis Healthcare from $5.00 to $3.00 and set an “outperform” rating for the company in a report on Monday, May 16th. Finally, Stephens downgraded shares of Genesis Healthcare from an “overweight” rating to a “hold” rating in a report on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $3.50.
The firm’s market capitalization is $205.18 million. The firm has a 50 day moving average of $2.06 and a 200-day moving average of $2.05.
Genesis Healthcare (NYSE:GEN) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.27. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.40 billion. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 EPS. On average, analysts anticipate that Genesis Healthcare Inc. will post ($0.04) EPS for the current fiscal year.
Genesis Healthcare, Inc, formerly Skilled Healthcare Group, Inc, is a holding company that provides post-acute care. The Company operates through three segments: inpatient services, which includes the operation of skilled nursing facilities and assisted or senior living facilities; rehabilitation therapy services, which includes its integrated and third-party rehabilitation and respiratory therapy services, and all other services, including physician services and other healthcare related services.
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