Kindred Healthcare, Inc. (NYSE:KND) announced its earnings results on Monday. The health services provider reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.08, Bloomberg Earnings reports. Kindred Healthcare had a negative net margin of 16.31% and a positive return on equity of 3.49%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm earned $0.05 earnings per share. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. Kindred Healthcare updated its FY18 guidance to $0.65-$0.85 EPS.

Shares of Kindred Healthcare (KND) traded up $2.55 during mid-day trading on Tuesday, reaching $8.55. 3,810,000 shares of the company traded hands, compared to its average volume of 1,090,000. Kindred Healthcare has a 52 week low of $5.50 and a 52 week high of $11.90. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 5.36. The stock has a market capitalization of $744.01, a PE ratio of 16.39 and a beta of 1.11.

A number of equities analysts have weighed in on the stock. BidaskClub downgraded shares of Kindred Healthcare from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Deutsche Bank AG decreased their target price on shares of Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 7th. Zacks Investment Research cut shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a report on Wednesday, August 30th. Mizuho reiterated a “neutral” rating and set a $7.50 price target (down previously from $8.00) on shares of Kindred Healthcare in a report on Tuesday, October 10th. Finally, Bank of America Corporation cut their price target on shares of Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating on the stock in a report on Thursday, September 21st. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $8.75.

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Kindred Healthcare Company Profile

Kindred Healthcare, Inc, incorporated on March 27, 1998, is a healthcare services company. The Company, through its subsidiaries, operates transitional care (TC) hospitals, a home health, hospice and community care business, inpatient rehabilitation hospitals (IRFs), a contract rehabilitation services business, nursing centers and assisted living facilities across the United States.

Earnings History for Kindred Healthcare (NYSE:KND)

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