TeamHealth Holdings Inc (TMH) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.62 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.58. The company posted revenue of $1135.64 million in the period, compared to analysts expectations of $1110.91 million. The company’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.
Many Wall Street Analysts have commented on TeamHealth Holdings Inc. Company shares were Reiterated by Stifel on Mar 16, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $38 .TeamHealth Holdings Inc was Downgraded by JP Morgan to ” Neutral” on Mar 14, 2016. TeamHealth Holdings Inc was Downgraded by Jefferies to ” Hold” on Mar 1, 2016.
TeamHealth Holdings Inc opened for trading at $41.8 and hit $43.65 on the upside on Friday, eventually ending the session at $43.26, with a gain of 2.85% or 1.2 points. The heightened volatility saw the trading volume jump to 7,97,480 shares. Company has a market cap of $3,181 M.
In a different news, on Aug 14, 2015, David P. Jones (Executive VP and CFO) sold 42,000 shares at $63.14 per share price. According to the SEC, on Aug 10, 2015, Kenneth H Paulus (director) purchased 1,000 shares at $63.84 per share price. On Jun 24, 2015, H. Lynn Massingale (Executive Chairman) sold 3,044 shares at $62.65 per share price, according to the Form-4 filing with the securities and exchange commission.
Team Health Holdings Inc. (TeamHealth) is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. The Company provides services through two operating segments: Healthcare Staffing and Other Services. The Healthcare Staffing segment is an aggregation of emergency medicine anesthesia specialty surgery and locums staffing. The Company provides healthcare service programs to users and providers of healthcare services on a fee for service as well as a cost plus or contract basis. The Other Services segment is an aggregation of hospital medicine military and Government healthcare staffing scribes clinical services nurse call center operations. The Company’s Other Services segment also offers billing collection and consulting services which provide a range of other healthcare services. The Company provides outsourced services to hospital emergency departments (EDs).