Equities analysts expect LHC Group, Inc. (NASDAQ:LHCG) to post earnings per share (EPS) of $0.60 for the current quarter, according to Zacks. Five analysts have provided estimates for LHC Group’s earnings, with estimates ranging from $0.59 to $0.61. LHC Group reported earnings per share of $0.48 in the same quarter last year, which suggests a positive year over year growth rate of 25%. The company is scheduled to issue its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that LHC Group will report full year earnings of $3.44 per share for the current year, with EPS estimates ranging from $3.20 to $3.51. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.92 per share, with EPS estimates ranging from $3.41 to $4.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for LHC Group.
LHC Group (NASDAQ:LHCG) last announced its quarterly earnings data on Wednesday, February 28th. The health services provider reported $0.62 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.62. The company had revenue of $292.40 million for the quarter, compared to the consensus estimate of $280.82 million. LHC Group had a return on equity of 9.18% and a net margin of 4.67%. The firm’s revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS.
A number of research analysts have recently issued reports on LHCG shares. Zacks Investment Research downgraded LHC Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Craig Hallum boosted their price objective on LHC Group from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday. BidaskClub raised LHC Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 7th. Stephens set a $74.00 price objective on LHC Group and gave the company a “buy” rating in a research note on Friday, March 2nd. Finally, Jefferies Group reissued a “buy” rating and issued a $84.00 price objective on shares of LHC Group in a research note on Wednesday. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. LHC Group has an average rating of “Buy” and an average target price of $76.80.
Shares of NASDAQ:LHCG traded up $0.65 during midday trading on Friday, reaching $71.31. The company’s stock had a trading volume of 298,050 shares, compared to its average volume of 344,820. The company has a market capitalization of $1,292.03, a price-to-earnings ratio of 29.47, a P/E/G ratio of 1.14 and a beta of 0.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.97 and a quick ratio of 1.97. LHC Group has a fifty-two week low of $51.38 and a fifty-two week high of $76.14.
In related news, COO Donald Dwayne Stelly sold 14,216 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $64.00, for a total transaction of $909,824.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 14.80% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of LHCG. Ameriprise Financial Inc. increased its holdings in LHC Group by 6.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 616,829 shares of the health services provider’s stock worth $43,747,000 after purchasing an additional 37,873 shares in the last quarter. Dalton Greiner Hartman Maher & Co. increased its holdings in LHC Group by 24.8% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 304,858 shares of the health services provider’s stock worth $18,673,000 after purchasing an additional 60,563 shares in the last quarter. Wasatch Advisors Inc. increased its holdings in LHC Group by 17.2% during the 4th quarter. Wasatch Advisors Inc. now owns 254,381 shares of the health services provider’s stock worth $15,581,000 after purchasing an additional 37,241 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in LHC Group by 558.3% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 200,000 shares of the health services provider’s stock worth $12,250,000 after purchasing an additional 169,620 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in LHC Group by 1,862.8% during the 4th quarter. Renaissance Technologies LLC now owns 184,500 shares of the health services provider’s stock worth $11,301,000 after purchasing an additional 175,100 shares in the last quarter. 89.87% of the stock is currently owned by institutional investors and hedge funds.
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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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