LHC Group, Inc. (LHCG) Expected to Post Quarterly Sales of $295.25 Million

Wall Street analysts expect LHC Group, Inc. (NASDAQ:LHCG) to report $295.25 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for LHC Group’s earnings. The highest sales estimate is $298.60 million and the lowest is $293.64 million. LHC Group reported sales of $246.62 million in the same quarter last year, which indicates a positive year over year growth rate of 19.7%. The business is scheduled to issue its next quarterly earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that LHC Group will report full year sales of $295.25 million for the current fiscal year, with estimates ranging from $1.85 billion to $1.86 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.19 billion per share, with estimates ranging from $2.16 billion to $2.21 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for LHC Group.

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LHC Group (NASDAQ:LHCG) last announced its quarterly earnings data on Wednesday, February 28th. The health services provider reported $0.62 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.62. LHC Group had a return on equity of 9.18% and a net margin of 4.67%. The firm had revenue of $292.40 million for the quarter, compared to analysts’ expectations of $280.82 million. During the same period last year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year.

A number of research analysts have recently issued reports on LHCG shares. Zacks Investment Research cut LHC Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Craig Hallum raised their price objective on LHC Group from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, April 4th. BidaskClub raised LHC Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 7th. Stephens set a $74.00 price objective on LHC Group and gave the company a “buy” rating in a research note on Friday, March 2nd. Finally, Jefferies Group reaffirmed a “buy” rating and set a $84.00 price objective on shares of LHC Group in a research note on Wednesday, April 4th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.80.

Shares of NASDAQ:LHCG traded down $1.66 on Monday, reaching $69.65. 589,498 shares of the company traded hands, compared to its average volume of 302,749. LHC Group has a 52 week low of $51.38 and a 52 week high of $76.14. The stock has a market capitalization of $1,303.92, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 1.15 and a beta of 0.70. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.28.

In other news, COO Donald Dwayne Stelly sold 14,216 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $64.00, for a total transaction of $909,824.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 14.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. American International Group Inc. boosted its holdings in shares of LHC Group by 7.2% during the third quarter. American International Group Inc. now owns 12,533 shares of the health services provider’s stock worth $889,000 after purchasing an additional 840 shares during the period. OppenheimerFunds Inc. boosted its holdings in shares of LHC Group by 10.4% during the fourth quarter. OppenheimerFunds Inc. now owns 11,388 shares of the health services provider’s stock worth $698,000 after purchasing an additional 1,071 shares during the period. Cornercap Investment Counsel Inc. boosted its holdings in shares of LHC Group by 10.2% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 11,845 shares of the health services provider’s stock worth $726,000 after purchasing an additional 1,095 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of LHC Group by 28.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,036 shares of the health services provider’s stock worth $308,000 after purchasing an additional 1,103 shares during the period. Finally, Comerica Bank boosted its holdings in shares of LHC Group by 9.1% during the third quarter. Comerica Bank now owns 17,125 shares of the health services provider’s stock worth $1,145,000 after purchasing an additional 1,426 shares during the period. Institutional investors own 89.87% of the company’s stock.

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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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