Jefferies Group Weighs in on LHC Group’s FY2017 Earnings (LHCG)
LHC Group (NASDAQ:LHCG) – Stock analysts at Jefferies Group lowered their FY2017 EPS estimates for LHC Group in a research report issued on Monday. Jefferies Group analyst B. Tanquilut now expects that the health services provider will earn $2.44 per share for the year, down from their previous estimate of $2.50. Jefferies Group currently has a “Buy” rating and a $83.00 price objective on the stock. Jefferies Group also issued estimates for LHC Group’s Q4 2017 earnings at $0.63 EPS and Q3 2018 earnings at $0.74 EPS.
Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $70.00 price objective on shares of LHC Group in a research note on Wednesday, September 6th. Zacks Investment Research cut shares of LHC Group from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub raised shares of LHC Group from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Craig Hallum reaffirmed a “buy” rating and set a $80.00 price objective (up previously from $67.00) on shares of LHC Group in a research note on Tuesday. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $63.00 price objective on shares of LHC Group in a research note on Tuesday, September 12th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. LHC Group presently has a consensus rating of “Buy” and a consensus price target of $75.80.
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Shares of LHC Group (NASDAQ LHCG) opened at $66.26 on Thursday. The company has a market cap of $1,234.24, a P/E ratio of 28.98, a PEG ratio of 2.00 and a beta of 0.70. LHC Group has a one year low of $41.66 and a one year high of $76.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.75 and a current ratio of 1.77.
LHC Group (NASDAQ:LHCG) last posted its quarterly earnings results on Monday, November 6th. The health services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. LHC Group had a net margin of 4.09% and a return on equity of 9.52%. The company had revenue of $272.90 million during the quarter, compared to analyst estimates of $265.35 million. During the same period last year, the firm posted $0.54 EPS. LHC Group’s revenue for the quarter was up 18.2% compared to the same quarter last year.
A number of hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. lifted its holdings in LHC Group by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,449 shares of the health services provider’s stock valued at $641,000 after purchasing an additional 24 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in LHC Group by 4.2% in the 2nd quarter. Federated Investors Inc. PA now owns 1,622 shares of the health services provider’s stock valued at $110,000 after purchasing an additional 66 shares in the last quarter. Arizona State Retirement System lifted its holdings in LHC Group by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 7,818 shares of the health services provider’s stock valued at $531,000 after purchasing an additional 100 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in LHC Group by 0.3% in the 2nd quarter. Victory Capital Management Inc. now owns 48,920 shares of the health services provider’s stock valued at $3,321,000 after purchasing an additional 142 shares in the last quarter. Finally, Texas Permanent School Fund lifted its holdings in LHC Group by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 10,944 shares of the health services provider’s stock valued at $743,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 87.32% of the company’s stock.
In related news, COO Donald Dwayne Stelly sold 2,650 shares of LHC Group stock in a transaction 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 sale, the chief operating officer now owns 109,235 shares of the company’s stock, valued at approximately $7,137,414.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.80% of the stock is currently owned by company 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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