Kindred Healthcare (KND) Releases Earnings Results, Beats Expectations By $0.04 EPS

Kindred Healthcare (KND) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.38 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 $0.34. The company posted revenue of $1842.00 million in the period, compared to analysts expectations of $1850.82 million. The company’s revenue was up .5% 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 Kindred Healthcare. Shares were Reiterated by Mizuho on Jul 6, 2016 to “Neutral” and Lowered the Price Target to $ 11 from a previous price target of $13.50 .

Kindred Healthcare closed down -0.53 points or -4.54% at $11.14 with 9,16,977 shares getting traded on Tusday. Post opening the session at $11.73, the shares hit an intraday low of $11.08 and an intraday high of $11.8 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 29, 2016, John Joseph Lucchese (SVP & Chief Accounting Officer) sold 4,341 shares at $11.39 per share price. According to the SEC, on Nov 12, 2015, Paul J Diaz (director) purchased 50,000 shares at $12.53 per share price. On Aug 31, 2015, Benjamin A Breier (President & CEO) sold 5,400 shares at $20.57 per share price, according to the Form-4 filing with the securities and exchange commission.

Kindred Healthcare Inc. is a healthcare services company that through its subsidiaries operates transitional care (TC) hospitals inpatient rehabilitation hospitals (IRFs) nursing centers assisted living facilities a contract rehabilitation services business and a home health and hospice business across the United States. The Company operates through five segments: hospitals nursing centers skilled nursing rehabilitation services (SRS) hospital rehabilitation services (HRS) and home health and hospice services. The Company’s hospital division provides long-term acute care services to medically complex patients. The Company’s nursing center division operates through 90 nursing centers and seven assisted living facilities in 18 states. Its rehabilitation division provided rehabilitation services primarily in hospitals and long-term care settings. Its care management division primarily provided home health hospice and private duty services from 143 locations in 13 states.

Kindred Healthcare

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