Genesis Healthcare Inc (GEN) Releases Earnings Results, Misses Expectations By $-0.27 EPS

Genesis Healthcare Inc (GEN) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $-0.26 earnings per share for the quarter, missing the analyst consensus estimate by $-0.27. Analysts had a consensus of $0.01. The company posted revenue of $1438.30 million in the period, compared to analysts expectations of $1402.45 million. The company’s revenue was up 1.3% compared to the same quarter last year.

Many Wall Street Analysts have commented on Genesis Healthcare Inc. Shares were Reiterated by RBC Capital Mkts on May 16, 2016 to “Outperform” and Lowered the Price Target to $ 3 from a previous price target of $5 .Genesis Healthcare Inc was Downgraded by BofA/Merrill to ” Underperform” on May 16, 2016.

Genesis Healthcare Inc closed down -0.09 points or -4.31% at $2 with 1,97,410 shares getting traded on Tusday. Post opening the session at $2.09, the shares hit an intraday low of $1.96 and an intraday high of $2.1 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 9, 2016, Michael Scott Sherman (SVP and General Counsel) sold 1,919 shares at $1.72 per share price. According to the SEC, on Jun 9, 2016, Robert A Reitz (EVP and COO) sold 3,892 shares at $1.72 per share price. On Jun 9, 2016, Joanne Susan Reifsnyder (EVP and Chief Nursing Officer) sold 2,207 shares at $1.72 per share price, according to the Form-4 filing with the securities and exchange commission.

Genesis Healthcare Inc. formerly Skilled Healthcare Group Inc. is a holding company that provides post-acute care. The Company operates through three segments: long-term care (LTC) which includes the operation of skilled nursing facilities and assisted living facilities; therapy services which includes its integrated and third-party rehabilitation therapy services and hospice and home health services which includes its hospice and home health businesses. As of December 31 2014 it owned or leased 73 skilled nursing facilities and 22 assisted living facilities together comprising 10275 licensed beds. It also leases five skilled nursing facilities in California to an unaffiliated third party operator. As of December 31 2014 it provided hospice and home health services in Arizona Idaho Montana Nevada and New Mexico. It also provided private duty care services.

Genesis Healthcare Inc

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