LifePoint Health (NASDAQ:LPNT) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, February 23rd. Analysts expect the company to announce earnings of $0.83 per share for the quarter.
LifePoint Health (NASDAQ LPNT) opened at $48.85 on Friday. The company has a market cap of $1,930.00, a price-to-earnings ratio of 11.58, a PEG ratio of 1.08 and a beta of 0.52. LifePoint Health has a twelve month low of $42.50 and a twelve month high of $70.95. The company has a quick ratio of 1.65, a current ratio of 1.85 and a debt-to-equity ratio of 1.24.
LifePoint Health declared that its Board of Directors has approved a share buyback program on Friday, October 27th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
LPNT has been the topic of a number of research analyst reports. Raymond James Financial reissued a “market perform” rating on shares of LifePoint Health in a report on Monday, October 30th. Robert W. Baird set a $55.00 price objective on shares of LifePoint Health and gave the company a “buy” rating in a research note on Monday, October 30th. SunTrust Banks set a $54.00 price objective on shares of LifePoint Health and gave the company a “hold” rating in a research note on Tuesday, October 31st. William Blair reaffirmed an “outperform” rating on shares of LifePoint Health in a research note on Tuesday, November 21st. Finally, Citigroup cut their price objective on shares of LifePoint Health from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $58.67.
In other LifePoint Health news, insider David M. Dill sold 45,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $48.52, for a total transaction of $2,183,400.00. Following the completion of the sale, the insider now owns 252,673 shares of the company’s stock, valued at approximately $12,259,693.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Marguerite Kondracke sold 3,907 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $44.73, for a total transaction of $174,760.11. The disclosure for this sale can be found here. Insiders have sold a total of 52,323 shares of company stock valued at $2,507,781 in the last three months. 8.76% of the stock is currently owned by corporate insiders.
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About LifePoint Health
LifePoint Health, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. As of December 31, 2016, the Company operated 72 hospital campuses in 22 states, having a total of 9,424 licensed beds. It offers a range of general and specialized healthcare services to patients through a network of hospitals and outpatient facilities.
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