LHC Group (LHCG) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.44 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.38. The company posted revenue of $222.60 million in the period, compared to analysts expectations of $214.36 million. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.
Many Wall Street Analysts have commented on LHC Group. LHC Group was Initiated by Jefferies to “Buy” on Feb 5, 2016.
LHC Group opened for trading at $40.61 and hit $40.94 on the upside on Monday, eventually ending the session at $40.77, with a gain of 1.07% or 0.43 points. The heightened volatility saw the trading volume jump to 1,17,767 shares. Company has a market cap of $733 M.
In a different news, on Mar 14, 2016, Donald Dwayne Stelly (President & COO) sold 12,952 shares at $35.51 per share price. According to the SEC, on Feb 3, 2016, Keith G Myers (CEO and Chairman) sold 55,000 shares at $36.60 per share price. On Nov 30, 2015, Ronald T Nixon (director) sold 1,695 shares at $48.06 per share price, according to the Form-4 filing with the securities and exchange commission.
LHC Group Inc. is a holding company. The Company provides post-acute health care services to patients through its home nursing agencies community-based services agencies hospice agencies and long-term acute care hospitals (LTACHs). It operates in three segments: home-based services hospice services and facility-based services. LTACH locations provide services primarily to patients with complex medical conditions who have transitioned out of a hospital intensive care unit but whose conditions remain too severe for treatment in a non-acute setting. The Company owns and operates six LTACHs with eight locations of which all but one are located within host hospitals. It also owns and operates a pharmacy and a family health center. Its services include home-based services offered through its home nursing and community-based services agencies hospice services and facility-based services offered through its LTACHs.