Zacks: Brokerages Expect Surgery Partners, Inc. (SGRY) Will Announce Earnings of $0.06 Per Share
Wall Street brokerages predict that Surgery Partners, Inc. (NASDAQ:SGRY) will report $0.06 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Surgery Partners’ earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.01. Surgery Partners posted earnings per share of $0.19 in the same quarter last year, which suggests a negative year over year growth rate of 68.4%. The firm is scheduled to report its next earnings results on Thursday, March 8th.
On average, analysts expect that Surgery Partners will report full year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from $0.01 to $0.13. For the next year, analysts anticipate that the firm will post earnings of $0.27 per share, with EPS estimates ranging from $0.05 to $0.57. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Surgery Partners.
A number of brokerages recently weighed in on SGRY. Jefferies Group reiterated a “buy” rating and set a $16.00 price target (down previously from $22.00) on shares of Surgery Partners in a research note on Friday, September 8th. KeyCorp reiterated a “hold” rating on shares of Surgery Partners in a research note on Friday, September 22nd. Bank of America decreased their price target on shares of Surgery Partners from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, October 9th. Zacks Investment Research upgraded shares of Surgery Partners from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, ValuEngine cut shares of Surgery Partners from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.57.
Shares of Surgery Partners (NASDAQ:SGRY) traded up $0.25 during trading hours on Friday, hitting $9.75. 285,700 shares of the company’s stock were exchanged, compared to its average volume of 333,539. Surgery Partners has a 52 week low of $7.10 and a 52 week high of $24.05. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.92 and a current ratio of 2.09. The stock has a market cap of $516.95 and a P/E ratio of 63.33.
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Surgery Partners Company Profile
Surgery Partners, Inc is a healthcare services company. The Company operates in three lines of business across the United States: Surgical Facility Services, Ancillary Services and Optical Services. The Company’s Surgical Facility Services segment consists of the operation of ambulatory surgery centers (ASCs) and surgical hospitals, which include its anesthesia services.
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