Wall Street analysts expect that Surgery Partners, Inc. (NASDAQ:SGRY) will report $0.01 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Surgery Partners’ earnings. The highest EPS estimate is $0.03 and the lowest is ($0.02). Surgery Partners reported earnings per share of $0.21 in the same quarter last year, which suggests a negative year-over-year growth rate of 95.2%. The company is scheduled to announce its next earnings results on Wednesday, November 8th.
On average, analysts expect that Surgery Partners will report full year earnings of $0.25 per share for the current fiscal year, with EPS estimates ranging from $0.16 to $0.43. For the next year, analysts forecast that the firm will report earnings of $0.49 per share, with EPS estimates ranging from $0.33 to $0.75. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Surgery Partners.
Several brokerages have recently commented on SGRY. BidaskClub upgraded shares of Surgery Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Surgery Partners from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Wednesday, August 2nd. Stifel Nicolaus cut shares of Surgery Partners from a “hold” rating to a “sell” rating and lowered their price target for the stock from $21.00 to $17.00 in a research report on Wednesday, August 9th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Surgery Partners in a research report on Wednesday, August 9th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $17.00 price target (down previously from $28.00) on shares of Surgery Partners in a research report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $19.29.
In other Surgery Partners news, major shareholder H.I.G. Surgery Centers, Llc sold 26,455,651 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $19.00, for a total value of $502,657,369.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.60% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in SGRY. FMR LLC lifted its position in Surgery Partners by 295.0% in the first quarter. FMR LLC now owns 2,583,000 shares of the company’s stock valued at $50,369,000 after purchasing an additional 1,929,057 shares during the last quarter. Elk Creek Partners LLC bought a new stake in Surgery Partners in the second quarter valued at approximately $9,888,000. Kennedy Capital Management Inc. bought a new stake in Surgery Partners in the first quarter valued at approximately $5,890,000. NN Investment Partners Holdings N.V. lifted its position in Surgery Partners by 23.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,221,074 shares of the company’s stock valued at $27,779,000 after purchasing an additional 229,515 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Surgery Partners by 404.9% in the first quarter. Ameriprise Financial Inc. now owns 228,970 shares of the company’s stock valued at $4,465,000 after purchasing an additional 183,620 shares during the last quarter. Hedge funds and other institutional investors own 39.14% of the company’s stock.
Surgery Partners (NASDAQ:SGRY) traded up 2.20% on Thursday, hitting $9.30. 393,230 shares of the stock traded hands. The stock has a market cap of $453.94 million, a P/E ratio of 61.18 and a beta of 2.05. Surgery Partners has a 12-month low of $8.52 and a 12-month high of $24.05. The stock has a 50-day moving average price of $9.92 and a 200 day moving average price of $16.68.
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About Surgery Partners
Surgery Partners, Inc is a healthcare services company. The Company operates in three lines of business across the United States: Surgical Facility Services, Ancillary Services and Optical Services. The Company’s Surgical Facility Services segment consists of the operation of ambulatory surgery centers (ASCs) and surgical hospitals, which include its anesthesia services.
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