$1.55 Earnings Per Share Expected for LHC Group, Inc. (NASDAQ:LHCG) This Quarter

Brokerages forecast that LHC Group, Inc. (NASDAQ:LHCG) will announce earnings per share of $1.55 for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for LHC Group’s earnings, with the highest EPS estimate coming in at $1.66 and the lowest estimate coming in at $1.49. LHC Group reported earnings per share of $1.23 in the same quarter last year, which would indicate a positive year-over-year growth rate of 26%. The company is expected to announce its next quarterly earnings results after the market closes on Wednesday, August 4th.

On average, analysts expect that LHC Group will report full year earnings of $6.36 per share for the current financial year, with EPS estimates ranging from $6.27 to $6.65. For the next fiscal year, analysts expect that the firm will post earnings of $6.87 per share, with EPS estimates ranging from $6.47 to $7.50. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for LHC Group.

LHC Group (NASDAQ:LHCG) last announced its quarterly earnings data on Wednesday, May 5th. The health services provider reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.14. The company had revenue of $524.84 million for the quarter, compared to analysts’ expectations of $524.92 million. LHC Group had a return on equity of 11.12% and a net margin of 5.99%.

Separately, Benchmark boosted their price target on LHC Group from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, July 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. LHC Group currently has a consensus rating of “Buy” and a consensus target price of $239.00.

Shares of NASDAQ LHCG traded down $0.34 during mid-day trading on Friday, hitting $207.49. 109,319 shares of the stock traded hands, compared to its average volume of 165,037. LHC Group has a 52 week low of $170.01 and a 52 week high of $236.81. The company has a market capitalization of $6.57 billion, a P/E ratio of 36.78, a price-to-earnings-growth ratio of 2.38 and a beta of 0.41. The stock has a fifty day moving average of $200.50.

In related news, Director Ronald T. Nixon sold 5,000 shares of LHC Group stock in a transaction dated Thursday, May 27th. The stock was sold at an average price of $201.62, for a total value of $1,008,100.00. Following the completion of the transaction, the director now owns 26,000 shares in the company, valued at approximately $5,242,120. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Synovus Financial Corp increased its position in shares of LHC Group by 8.2% during the first quarter. Synovus Financial Corp now owns 1,060 shares of the health services provider’s stock worth $203,000 after acquiring an additional 80 shares during the period. NEXT Financial Group Inc raised its holdings in LHC Group by 3.3% during the first quarter. NEXT Financial Group Inc now owns 2,534 shares of the health services provider’s stock worth $485,000 after purchasing an additional 82 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in LHC Group by 2.5% in the first quarter. Public Employees Retirement System of Ohio now owns 3,784 shares of the health services provider’s stock valued at $724,000 after buying an additional 94 shares in the last quarter. State of Michigan Retirement System increased its holdings in LHC Group by 0.9% in the first quarter. State of Michigan Retirement System now owns 11,656 shares of the health services provider’s stock valued at $2,229,000 after buying an additional 100 shares in the last quarter. Finally, HGK Asset Management Inc. increased its holdings in LHC Group by 4.7% in the first quarter. HGK Asset Management Inc. now owns 3,088 shares of the health services provider’s stock valued at $590,000 after buying an additional 140 shares in the last quarter. 89.85% of the stock is currently owned by hedge funds and other institutional investors.

About LHC Group

LHC Group, Inc provides post-acute health care services to patients through its home nursing agencies, hospices and long-term acute care hospitals. The company operates through the following business segments: Home Health Services, Hospice Services, Home & Community-Based Services, Facility-Based Services and Healthcare Innovations.

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