Kindred Healthcare, Inc. (KND) Issues Earnings Results
Kindred Healthcare, Inc. (NYSE:KND) posted its earnings results on Monday. The health services provider reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.08, Bloomberg Earnings reports. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Kindred Healthcare had a positive return on equity of 3.49% and a negative net margin of 16.31%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.05 earnings per share. Kindred Healthcare updated its FY18 guidance to $0.65-$0.85 EPS.
Kindred Healthcare (NYSE KND) traded up $0.10 during trading hours on Tuesday, reaching $6.00. The company had a trading volume of 1,937,209 shares, compared to its average volume of 1,090,000. The firm has a market capitalization of $522.11, a price-to-earnings ratio of 16.39 and a beta of 1.11. Kindred Healthcare has a 1 year low of $5.50 and a 1 year high of $11.90. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 5.36.
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A number of research firms have issued reports on KND. BidaskClub cut Kindred Healthcare from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded Kindred Healthcare from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Bank of America Corporation cut their target price on Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating on the stock in a research note on Thursday, September 21st. Mizuho reissued a “neutral” rating and set a $7.50 price target (down from $8.00) on shares of Kindred Healthcare in a report on Tuesday, October 10th. Finally, Royal Bank Of Canada lowered their price target on Kindred Healthcare from $9.00 to $7.50 and set a “sector perform” rating on the stock in a report on Thursday, September 21st. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $8.75.
Kindred Healthcare Company Profile
Kindred Healthcare, Inc, incorporated on March 27, 1998, is a healthcare services company. The Company, through its subsidiaries, operates transitional care (TC) hospitals, a home health, hospice and community care business, inpatient rehabilitation hospitals (IRFs), a contract rehabilitation services business, nursing centers and assisted living facilities across the United States.
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