Oppenheimer Weighs in on LHC Group, Inc.’s Q1 2019 Earnings (LHCG)
LHC Group, Inc. (NASDAQ:LHCG) – Oppenheimer issued their Q1 2019 EPS estimates for LHC Group in a note issued to investors on Tuesday. Oppenheimer analyst M. Wiederhorn anticipates that the health services provider will post earnings per share of $0.66 for the quarter. Oppenheimer currently has a “Buy” rating and a $85.00 target price on the stock. Oppenheimer also issued estimates for LHC Group’s Q2 2019 earnings at $0.77 EPS, Q3 2019 earnings at $0.77 EPS, Q4 2019 earnings at $0.82 EPS and FY2019 earnings at $3.01 EPS.
Several other analysts also recently issued reports on LHCG. Zacks Investment Research downgraded LHC Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Robert W. Baird restated a “hold” rating and set a $69.00 price objective on shares of LHC Group in a report on Friday, November 10th. Royal Bank of Canada boosted their price objective on LHC Group from $70.00 to $81.00 and gave the stock an “outperform” rating in a report on Tuesday, November 7th. Jefferies Group boosted their price objective on LHC Group from $68.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. They noted that the move was a valuation call. Finally, Craig Hallum restated a “buy” rating and set a $80.00 price objective (up previously from $67.00) on shares of LHC Group in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $77.10.
LHC Group (NASDAQ:LHCG) last posted its quarterly earnings data on Monday, November 6th. The health services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.04. The firm had revenue of $272.90 million for the quarter, compared to the consensus estimate of $265.35 million. LHC Group had a return on equity of 9.52% and a net margin of 4.09%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS.
Institutional investors and hedge funds have recently modified their holdings of the company. Nine Chapters Capital Management LLC acquired a new position in shares of LHC Group in the 3rd quarter valued at about $255,000. BNP Paribas Arbitrage SA increased its holdings in shares of LHC Group by 54.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,662 shares of the health services provider’s stock valued at $614,000 after purchasing an additional 3,037 shares during the period. Vident Investment Advisory LLC acquired a new position in shares of LHC Group in the 3rd quarter valued at about $2,448,000. Linscomb & Williams Inc. acquired a new position in shares of LHC Group in the 2nd quarter valued at about $2,268,000. Finally, Smith Asset Management Group LP acquired a new position in shares of LHC Group in the 3rd quarter valued at about $1,421,000. Institutional investors own 85.41% of the company’s stock.
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About LHC Group
LHC Group, Inc is a holding company. The Company provides post-acute healthcare services to patients through its home nursing agencies, hospice agencies, community-based services agencies and long-term acute care hospitals (LTACHs). The Company operates through four segments: home health services, hospice services, community-based services and facility-based services.
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