Analysts Set Expectations for LHC Group’s Q1 2019 Earnings (LHCG)
LHC Group (NASDAQ:LHCG) – SunTrust Banks issued their Q1 2019 EPS estimates for LHC Group in a research note issued on Thursday. SunTrust Banks analyst D. Macdonald forecasts that the health services provider will post earnings per share of $0.66 for the quarter. SunTrust Banks also issued estimates for LHC Group’s Q2 2019 earnings at $0.72 EPS.
Several other research firms have also recently issued reports on LHCG. Robert W. Baird restated a “hold” rating and set a $63.00 target price on shares of LHC Group in a research note on Tuesday, September 12th. Zacks Investment Research cut shares of LHC Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. BidaskClub upgraded shares of LHC Group from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Bank of America Corporation initiated coverage on shares of LHC Group in a research note on Monday, August 21st. They issued a “buy” rating and a $76.00 price objective on the stock. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of LHC Group in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $66.60.
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Shares of LHC Group (NASDAQ LHCG) traded up 1.18% during mid-day trading on Monday, reaching $64.32. 23,484 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $63.81 and its 200-day moving average price is $60.05. LHC Group has a 12-month low of $32.04 and a 12-month high of $69.35. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 28.46 and a beta of 0.76.
LHC Group (NASDAQ:LHCG) last announced its quarterly earnings data on Wednesday, August 2nd. The health services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.54 by $0.09. The business had revenue of $260.20 million for the quarter, compared to analyst estimates of $254.10 million. LHC Group had a net margin of 4.13% and a return on equity of 9.62%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. raised its stake in LHC Group by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 9,449 shares of the health services provider’s stock worth $641,000 after acquiring an additional 24 shares during the period. Federated Investors Inc. PA raised its stake in LHC Group by 4.2% during the 2nd quarter. Federated Investors Inc. PA now owns 1,622 shares of the health services provider’s stock worth $110,000 after acquiring an additional 66 shares during the period. Louisiana State Employees Retirement System raised its stake in LHC Group by 1.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the health services provider’s stock worth $329,000 after acquiring an additional 100 shares during the period. Arizona State Retirement System raised its stake in LHC Group by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 7,818 shares of the health services provider’s stock worth $531,000 after acquiring an additional 100 shares during the period. Finally, Victory Capital Management Inc. raised its stake in LHC Group by 0.3% during the 2nd quarter. Victory Capital Management Inc. now owns 48,920 shares of the health services provider’s stock worth $3,321,000 after acquiring an additional 142 shares during the period. Institutional investors own 85.93% of the company’s stock.
In other news, COO Donald Dwayne Stelly sold 2,650 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $65.34, for a total value of $173,151.00. Following the transaction, the chief operating officer now owns 109,235 shares in the company, valued at approximately $7,137,414.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.80% of the stock is owned by corporate insiders.
About LHC Group
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.
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