LHC Group (NASDAQ:LHCG) Issues FY19 Earnings Guidance

LHC Group (NASDAQ:LHCG) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $4.35-4.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.33. The company issued revenue guidance of $2.09-2.14, compared to the consensus revenue estimate of $2.10 billion.

LHCG has been the subject of several recent analyst reports. Zacks Investment Research raised LHC Group from a hold rating to a buy rating and set a $124.00 target price for the company in a research note on Thursday, September 19th. UBS Group raised their target price on LHC Group from $133.00 to $136.00 and gave the stock a buy rating in a research note on Monday, September 23rd. Barclays raised their target price on LHC Group from $113.00 to $120.00 and gave the stock an equal weight rating in a research note on Friday, August 9th. Stephens started coverage on LHC Group in a research note on Monday, October 21st. They issued an overweight rating and a $132.00 price objective for the company. Finally, ValuEngine cut LHC Group from a buy rating to a hold rating in a research note on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. LHC Group currently has an average rating of Buy and a consensus price target of $130.18.

LHC Group stock traded up $0.92 during mid-day trading on Friday, reaching $126.35. The stock had a trading volume of 25,340 shares, compared to its average volume of 214,061. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.59 and a current ratio of 1.59. LHC Group has a fifty-two week low of $88.18 and a fifty-two week high of $136.67. The stock’s 50-day simple moving average is $114.92 and its 200-day simple moving average is $117.27. The firm has a market capitalization of $3.91 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.05 and a beta of 0.79.

LHC Group (NASDAQ:LHCG) last announced its quarterly earnings data on Wednesday, November 6th. The health services provider reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.18. LHC Group had a return on equity of 8.83% and a net margin of 4.20%. The firm had revenue of $528.50 million during the quarter, compared to analysts’ expectations of $534.15 million. During the same quarter last year, the firm posted $0.95 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, research analysts forecast that LHC Group will post 4.34 earnings per share for the current fiscal year.

About LHC Group

LHC Group, Inc provides post-acute health care services to patients through its home nursing agencies, hospices and long-term acute care hospitals. The company operates through the following business segments: Home Health Services, Hospice Services, Home & Community-Based Services, Facility-Based Services and Healthcare Innovations.

Featured Story: What are retained earnings?

Earnings History and Estimates for LHC Group (NASDAQ:LHCG)

Receive News & Ratings for LHC Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LHC Group and related companies with MarketBeat.com's FREE daily email newsletter.