Genesis Healthcare Inc. (GEN) Shares Up 6%
Genesis Healthcare Inc. (NYSE:GEN)’s share price shot up 6% during trading on Tuesday . The company traded as high as $2.32 and last traded at $2.29, with a volume of 84,689 shares. The stock had previously closed at $2.16.
A number of brokerages have commented on GEN. Stephens cut shares of Genesis Healthcare from an “overweight” rating to a “hold” rating in a research note on Wednesday, May 11th. Bank of America Corp. cut shares of Genesis Healthcare from a “neutral” rating to an “underperform” rating in a research note on Monday, May 16th. Finally, 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 research note on Monday, May 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $3.50.
The company has a 50-day moving average price of $2.08 and a 200-day moving average price of $2.06. The stock’s market capitalization is $208.78 million.
Genesis Healthcare (NYSE:GEN) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.27. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.40 billion. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. Equities analysts predict that Genesis Healthcare Inc. will post ($1.49) earnings per share for the current 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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