LHC Group (LHCG) Posts Quarterly Earnings Results
LHC Group (NASDAQ:LHCG) released its quarterly earnings data on Monday. The health services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.60 by $0.04, Bloomberg Earnings reports. LHC Group had a net margin of 4.13% and a return on equity of 9.62%. The business had revenue of $272.90 million during the quarter, compared to the consensus estimate of $265.35 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue was up 18.2% on a year-over-year basis.
Shares of LHC Group (LHCG) traded down $0.25 during trading hours on Monday, hitting $71.82. 269,723 shares of the company were exchanged, compared to its average volume of 143,431. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.19. LHC Group has a 1 year low of $36.29 and a 1 year high of $76.14. The company has a market cap of $1,312.87, a P/E ratio of 32.21, a price-to-earnings-growth ratio of 2.18 and a beta of 0.70.
Several research firms have commented on LHCG. Royal Bank Of Canada reissued a “buy” rating and set a $70.00 price objective on shares of LHC Group in a report on Wednesday, September 6th. BidaskClub raised shares of LHC Group from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Zacks Investment Research raised shares of LHC Group from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Saturday, August 5th. Jefferies Group LLC reissued a “buy” rating and set a $68.00 price objective on shares of LHC Group in a report on Friday, August 4th. Finally, Robert W. Baird reissued a “hold” rating and set a $63.00 price objective on shares of LHC Group in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $68.50.
In related news, COO Donald Dwayne Stelly sold 2,650 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $65.34, for a total value of $173,151.00. Following the completion of the transaction, the chief operating officer now owns 109,235 shares of the company’s stock, valued at approximately $7,137,414.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 14.80% of the stock is currently owned by company insiders.
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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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