Brokerages Expect BioScrip, Inc. (BIOS) to Announce -$0.10 Earnings Per Share
Brokerages predict that BioScrip, Inc. (NASDAQ:BIOS) will announce earnings of ($0.10) per share for the current quarter, Zacks reports. Four analysts have issued estimates for BioScrip’s earnings. The lowest EPS estimate is ($0.10) and the highest is ($0.09). BioScrip posted earnings per share of ($0.09) in the same quarter last year, which would indicate a negative year-over-year growth rate of 11.1%. The company is scheduled to report its next quarterly earnings results on Monday, November 6th.
On average, analysts expect that BioScrip will report full-year earnings of ($0.55) per share for the current year, with EPS estimates ranging from ($0.56) to ($0.54). For the next fiscal year, analysts forecast that the business will report earnings of ($0.16) per share, with EPS estimates ranging from ($0.18) to ($0.13). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow BioScrip.
BioScrip (NASDAQ:BIOS) last released its quarterly earnings data on Tuesday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.01). The firm had revenue of $218.11 million during the quarter, compared to analyst estimates of $220.05 million. The business’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.14) earnings per share.
A number of analysts have recently issued reports on BIOS shares. Zacks Investment Research raised BioScrip from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Wednesday, July 5th. BidaskClub lowered BioScrip from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. SunTrust Banks, Inc. raised BioScrip from a “hold” rating to a “buy” rating and lifted their target price for the stock from $3.25 to $3.75 in a research report on Thursday, August 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a $4.00 target price (up from $3.00) on shares of BioScrip in a research report on Thursday, August 10th. Finally, ValuEngine raised BioScrip from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.75.
In related news, Director Coliseum Capital Management, L sold 2,846,941 shares of BioScrip stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $2.93, for a total value of $8,341,537.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. Gilder Gagnon Howe & Co. LLC boosted its stake in BioScrip by 248.4% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 15,211,136 shares of the company’s stock valued at $41,298,000 after acquiring an additional 10,845,410 shares during the period. FMR LLC boosted its stake in BioScrip by 10.8% in the second quarter. FMR LLC now owns 5,323,231 shares of the company’s stock valued at $14,453,000 after acquiring an additional 520,231 shares during the period. Vanguard Group Inc. boosted its stake in BioScrip by 3.4% in the second quarter. Vanguard Group Inc. now owns 4,495,029 shares of the company’s stock valued at $12,204,000 after acquiring an additional 146,980 shares during the period. Wynnefield Capital Inc. boosted its stake in BioScrip by 2.7% in the first quarter. Wynnefield Capital Inc. now owns 3,800,000 shares of the company’s stock valued at $6,460,000 after acquiring an additional 100,000 shares during the period. Finally, Alta Fundamental Advisers LLC boosted its stake in BioScrip by 36.9% in the second quarter. Alta Fundamental Advisers LLC now owns 3,035,164 shares of the company’s stock valued at $8,240,000 after acquiring an additional 818,000 shares during the period. Institutional investors own 84.05% of the company’s stock.
BioScrip (NASDAQ:BIOS) opened at 2.69 on Tuesday. BioScrip has a 52-week low of $0.98 and a 52-week high of $3.43. The stock’s 50 day moving average price is $2.87 and its 200 day moving average price is $2.28. The firm’s market capitalization is $342.91 million.
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BioScrip, Inc is engaged in providing infusion solutions. The Company partners with physicians, hospital systems, skilled nursing facilities, healthcare payors and pharmaceutical manufacturers to provide patients access to post-acute care services. The Company operates through Infusion Services segment.
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