Envision Healthcare Co. Expected to Earn Q2 2018 Earnings of $0.72 Per Share (EVHC)

Envision Healthcare Co. (NYSE:EVHC) – Equities researchers at Oppenheimer cut their Q2 2018 earnings estimates for shares of Envision Healthcare in a research note issued to investors on Tuesday. Oppenheimer analyst M. Wiederhorn now anticipates that the company will post earnings per share of $0.72 for the quarter, down from their prior estimate of $0.77. Oppenheimer currently has a “Outperform” rating and a $40.00 target price on the stock. Oppenheimer also issued estimates for Envision Healthcare’s Q3 2018 earnings at $0.78 EPS, Q4 2018 earnings at $0.94 EPS and FY2018 earnings at $2.96 EPS.

Other research analysts also recently issued research reports about the stock. Stephens reaffirmed a “hold” rating and issued a $34.00 price target on shares of Envision Healthcare in a research note on Wednesday, January 10th. Robert W. Baird reduced their price target on shares of Envision Healthcare from $70.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Envision Healthcare from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. KeyCorp set a $40.00 price target on shares of Envision Healthcare and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Finally, Jefferies Group set a $71.00 price target on shares of Envision Healthcare and gave the stock a “buy” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $40.73.

Envision Healthcare (NYSE:EVHC) traded up $0.05 during mid-day trading on Wednesday, reaching $34.86. 3,239,800 shares of the company traded hands, compared to its average volume of 2,626,217. The stock has a market cap of $4,220.00, a P/E ratio of -23.40, a PEG ratio of 0.91 and a beta of 0.57. Envision Healthcare has a 52 week low of $23.77 and a 52 week high of $73.00. The company has a quick ratio of 3.00, a current ratio of 3.01 and a debt-to-equity ratio of 0.89.

Envision Healthcare (NYSE:EVHC) last released its earnings results on Tuesday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.08). The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.03 billion. Envision Healthcare had a positive return on equity of 4.88% and a negative net margin of 6.39%. Envision Healthcare’s revenue was up 142.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS.

A number of hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake in Envision Healthcare by 1.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,848 shares of the company’s stock worth $304,000 after purchasing an additional 70 shares in the last quarter. M&T Bank Corp boosted its stake in Envision Healthcare by 2.7% in the 2nd quarter. M&T Bank Corp now owns 5,420 shares of the company’s stock worth $341,000 after purchasing an additional 141 shares in the last quarter. Profund Advisors LLC boosted its stake in Envision Healthcare by 5.0% in the 2nd quarter. Profund Advisors LLC now owns 5,102 shares of the company’s stock worth $320,000 after purchasing an additional 241 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in Envision Healthcare by 24.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,096 shares of the company’s stock worth $130,000 after purchasing an additional 410 shares in the last quarter. Finally, Phocas Financial Corp. boosted its stake in Envision Healthcare by 0.4% in the 2nd quarter. Phocas Financial Corp. now owns 101,263 shares of the company’s stock worth $6,346,000 after purchasing an additional 427 shares in the last quarter.

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Envision Healthcare Company Profile

Envision Healthcare Holdings, Inc, formerly CDRT Holding Corporation, is a holding company. The Company, through its subsidiary, provides physician-led medical services in the United States. It operates in two segments: EmCare Holdings, Inc (EmCare) and American Medical Response, Inc (AMR). Its EmCare segment is a provider of integrated facility-based and post-acute care physician services to healthcare facilities in the United States.

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