Amsurg Corp (AMSG) Releases Earnings Results, Beats Expectations By $0.02 EPS

Amsurg Corp (AMSG) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $1.10 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 $1.08. The company posted revenue of $859.80 million in the period, compared to analysts expectations of $769.68 million. The company’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on Amsurg Corp. Company shares were Reiterated by Mizuho on Jun 24, 2016 to “Buy”, Firm has raised the Price Target to $ 95 from a previous price target of $90 .Amsurg Corp was Upgraded by BofA/Merrill to ” Buy” on Jun 16, 2016. Amsurg Corp was Initiated by Wells Fargo to “Market Perform” on Jun 15, 2016.

Amsurg Corp opened for trading at $73.95 and hit $75.145 on the upside on Friday, eventually ending the session at $75.01, with a gain of 0.98% or 0.73 points. The heightened volatility saw the trading volume jump to 10,49,034 shares. Company has a market cap of $4,110 M.

In a different news, on Sep 3, 2015, Christopher A Holden (President and CEO) sold 3,000 shares at $77.00 per share price. According to the SEC, on Aug 17, 2015, Claire M Gulmi (Executive VP & CFO) sold 15,000 shares at $84.74 per share price. On Aug 11, 2015, Robert Jon Coward (Executive Vice President) sold 30,000 shares at $83.23 per share price, according to the Form-4 filing with the securities and exchange commission.

AmSurg Corp. is the owner and operator of ambulatory surgery centers (ASCs) in the United States. The Company is also a provider of outsourced physician services in the areas of anesthesiology children’s services emergency medicine and radiology. The Company operates in two segments: ambulatory surgery services and outsourced physician services. The ambulatory services segment which acquires develops and operates ambulatory surgery centers in partnership with physicians. The physician services segment which provides outsourced physician services in multiple specialties to hospitals ambulatory surgery centers and other healthcare facilities primarily in the areas of anesthesiology children’s services emergency medicine and radiology. It operated approximately 246 ASCs in over 34 states and the District of Columbia in partnership with approximately 2000 physicians and provided physician services to over 320 healthcare facilities in 24 states.

Amsurg Corp

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