Kindred Healthcare, Inc. (KND) Posts Earnings Results
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.
ILLEGAL ACTIVITY WARNING: This article was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.thecerbatgem.com/2017/11/07/kindred-healthcare-inc-knd-posts-earnings-results.html.
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.
Receive News & Stock Ratings for Kindred Healthcare Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kindred Healthcare Inc. and related stocks with our FREE daily email newsletter.