Envision Healthcare Corporation (NYSE:EVHC) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Envision Healthcare Corporation (NYSE:EVHC) posted its quarterly earnings results on Monday, August 7th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04, Morningstar.com reports. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Envision Healthcare Corporation had a negative net margin of 7.35% and a positive return on equity of 5.35%. The company’s revenue was up 156.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. Envision Healthcare Corporation updated its Q3 guidance to $0.87-0.83 EPS and its FY17 guidance to $3.35-3.45 EPS.
Envision Healthcare Corporation (NYSE:EVHC) traded up 0.66% during midday trading on Friday, reaching $50.21. 1,433,281 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $57.66 and its 200-day moving average is $60.47. Envision Healthcare Corporation has a 12-month low of $49.56 and a 12-month high of $74.75. The stock’s market capitalization is $5.88 billion.
A number of analysts have recently weighed in on the stock. Mizuho dropped their target price on shares of Envision Healthcare Corporation from $70.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, May 30th. Zacks Investment Research upgraded shares of Envision Healthcare Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Jefferies Group LLC set a $75.00 target price on shares of Envision Healthcare Corporation and gave the stock a “buy” rating in a report on Friday, April 21st. Cantor Fitzgerald reiterated a “buy” rating and set a $80.00 target price on shares of Envision Healthcare Corporation in a report on Tuesday, July 4th. Finally, BidaskClub lowered shares of Envision Healthcare Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $71.56.
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In other news, insider Robert Jon Coward sold 1,500 shares of the stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $60.00, for a total value of $90,000.00. Following the sale, the insider now owns 99,363 shares in the company, valued at $5,961,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Quantitative Systematic Strategies LLC bought a new position in Envision Healthcare Corporation during the first quarter valued at about $373,000. Nisa Investment Advisors LLC increased its position in Envision Healthcare Corporation by 14,372.5% in the first quarter. Nisa Investment Advisors LLC now owns 28,945 shares of the company’s stock valued at $1,775,000 after buying an additional 28,745 shares during the last quarter. First United Bank Trust increased its position in Envision Healthcare Corporation by 31.2% in the first quarter. First United Bank Trust now owns 9,660 shares of the company’s stock valued at $592,000 after buying an additional 2,295 shares during the last quarter. National Investment Services Inc. WI bought a new position in Envision Healthcare Corporation during the first quarter valued at about $1,881,000. Finally, Atria Investments LLC increased its position in Envision Healthcare Corporation by 31.3% in the first quarter. Atria Investments LLC now owns 5,380 shares of the company’s stock valued at $330,000 after buying an additional 1,282 shares during the last quarter. 64.75% of the stock is currently owned by institutional investors and hedge funds.
Envision Healthcare Corporation Company Profile
Envision Healthcare Holdings, Inc, formerly CDRT Holding Corporation, is a holding company. The Company, through its subsidiary, provides physician-led medical services in the United States. It operates in two segments: EmCare Holdings, Inc (EmCare) and American Medical Response, Inc (AMR). Its EmCare segment is a provider of integrated facility-based and post-acute care physician services to healthcare facilities in the United States.
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