Wall Street analysts forecast that LHC Group (NASDAQ:LHCG) will report sales of $264.15 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for LHC Group’s earnings. The lowest sales estimate is $263.10 million and the highest is $266.40 million. LHC Group posted sales of $230.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.4%. The firm is scheduled to announce its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that LHC Group will report full-year sales of $264.15 million for the current fiscal year, with estimates ranging from $1.04 billion to $1.07 billion. For the next financial year, analysts expect that the company will report sales of $1.14 billion per share, with estimates ranging from $1.11 billion to $1.20 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow LHC Group.

LHC Group (NASDAQ:LHCG) last issued its earnings results on Wednesday, August 2nd. The health services provider reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.09. LHC Group had a net margin of 4.13% and a return on equity of 9.62%. The company had revenue of $260.20 million for the quarter, compared to analysts’ expectations of $254.10 million. During the same period in the prior year, the business earned $0.52 EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis.

A number of analysts have issued reports on the stock. Robert W. Baird reiterated a “hold” rating and set a $63.00 price target on shares of LHC Group in a research note on Tuesday, September 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $70.00 price target on shares of LHC Group in a research note on Wednesday, September 6th. Bank of America Corporation assumed coverage on shares of LHC Group in a research note on Monday, August 21st. They set a “buy” rating and a $76.00 price target on the stock. BidaskClub upgraded shares of LHC Group from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $68.00 price target on shares of LHC Group in a research note on Friday, August 4th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $66.60.

In related news, COO Donald Dwayne Stelly sold 2,650 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $65.34, for a total value of $173,151.00. Following the completion of the transaction, the chief operating officer now directly owns 109,235 shares of the company’s stock, valued at $7,137,414.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 14.80% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. boosted its holdings in LHC Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,449 shares of the health services provider’s stock valued at $641,000 after purchasing an additional 24 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in LHC Group by 4.2% in the second quarter. Federated Investors Inc. PA now owns 1,622 shares of the health services provider’s stock valued at $110,000 after purchasing an additional 66 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in LHC Group by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the health services provider’s stock valued at $329,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System boosted its holdings in LHC Group by 1.3% in the second quarter. Arizona State Retirement System now owns 7,818 shares of the health services provider’s stock valued at $531,000 after purchasing an additional 100 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in LHC Group by 0.3% in the second quarter. Victory Capital Management Inc. now owns 48,920 shares of the health services provider’s stock valued at $3,321,000 after purchasing an additional 142 shares in the last quarter. 85.93% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Expect LHC Group (LHCG) Will Announce Quarterly Sales of $264.15 Million” was first reported by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/09/18/zacks-analysts-expect-lhc-group-lhcg-will-announce-quarterly-sales-of-264-15-million.html.

LHC Group (NASDAQ LHCG) opened at 65.57 on Monday. The firm’s 50-day moving average is $63.46 and its 200 day moving average is $59.66. The company has a market capitalization of $1.20 billion, a PE ratio of 29.01 and a beta of 0.76. LHC Group has a one year low of $32.04 and a one year high of $69.35.

LHC Group Company Profile

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.

Get a free copy of the Zacks research report on LHC Group (LHCG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for LHC Group (NASDAQ:LHCG)

Receive News & Ratings for LHC Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LHC Group and related companies with MarketBeat.com's FREE daily email newsletter.