Surgery Partners Inc (SGRY) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.16 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.14. The company posted revenue of $289.70 million in the period, compared to analysts expectations of $275.99 million. The company’s revenue was up 24.4% compared to the same quarter last year.
Many Wall Street Analysts have commented on Surgery Partners Inc. KeyBanc Capital Mkts Initiated Surgery Partners Inc on Jun 10, 2016 to “Overweight”, Price Target of the shares are set at $21.
In a different news, on Oct 23, 2015, Michael Thomas Doyle (Chief Executive Officer) sold 152,966 shares at $19.00 per share price.
Surgery Partners Inc. is a healthcare services company. The Company has differentiated outpatient delivery model focused on providing solutions for surgical and related ancillary care in support of its patients and physicians. It operates through three segments: Surgical Facility Services segment Ancillary Services segment and Optical Services segment. The Surgical Facility Services segment consists of the operation of ASCs and surgical hospitals and includes its anesthesia services. The Ancillary Services Segment consists of a diagnostic laboratory a specialty pharmacy and multi-specialty physician practices. The Optical Services Segment consists of an optical laboratory an optical products group purchasing organization and a marketing business. As of August 17 2015 the Company owned or operated primarily in partnership with physicians a portfolio of 99 surgical facilities which consist of 94 ambulatory surgery centers (ASCs) and five surgical hospitals across 28 states.