Kindred Healthcare (NYSE:KND) announced its earnings results on Monday. The health services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02, Bloomberg Earnings reports. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. Kindred Healthcare had a positive return on equity of 2.29% and a negative net margin of 8.06%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 EPS.
Shares of Kindred Healthcare (NYSE KND) traded down $0.05 during trading hours on Wednesday, reaching $9.20. The company’s stock had a trading volume of 1,148,647 shares, compared to its average volume of 1,495,081. The company has a market capitalization of $806.30, a price-to-earnings ratio of -4.72 and a beta of 1.13. 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 1.55, a quick ratio of 1.53 and a debt-to-equity ratio of 6.22.
Several research analysts have issued reports on the company. Stifel Nicolaus upgraded Kindred Healthcare from a “sell” rating to a “hold” rating and set a $7.00 price target on the stock in a report on Monday, November 20th. Zacks Investment Research lowered Kindred Healthcare from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. ValuEngine upgraded Kindred Healthcare from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Mizuho set a $9.00 price target on Kindred Healthcare and gave the stock a “hold” rating in a report on Monday, December 18th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $8.50 price target (up previously from $7.50) on shares of Kindred Healthcare in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $9.31.
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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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