Revenue Update on Adeptus Health Inc(NYSE:ADPT)

Adeptus Health Inc(NYSE:ADPT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $100.17M. Analysts estimated a revenue of $93.92M. Earnings per share were $0.48. Analysts had estimated an EPS of $0.51.

In a different note, On Jul 11, 2016, Jefferies said it Maintains its rating on Adeptus Health Inc. In the research note, the firm Lowers the price-target to $125.00 per share. The shares have been rated ‘Buy’ by the firm.

Adeptus Health Inc (ADPT) made into the market gainers list on Wednesdays trading session with the shares advancing 1.67% or 0.88 points. Due to strong positive momentum, the stock ended at $53.44, which is also near the day’s high of $53.83. The stock began the session at $52.63 and the volume stood at 4,48,647 shares. The 52-week high of the shares is $123.9699 and the 52 week low is $37.13. The company has a current market capitalization of $1,126 M and it has 2,10,73,454 shares in outstanding.

Adeptus Health Inc. is a holding company. The Company owns and operates First Choice Emergency Rooms a network of independent freestanding emergency rooms in the United States. The Company provides emergency care through its freestanding emergency rooms. The Company provides patients with access to Board-certified physicians and emergency trained registered nurses and treatments on?site. The Company’s facilities are equipped with radiology suite including computerized tomography (CT) scanners digital x-ray and ultrasound as well as onsite laboratories. As of December 31 2014 the Company had 55 facilities. The Company’s facilities are located in the Houston Dallas/Fort Worth San Antonio and Austin Texas markets; Colorado Springs and Denver Colorado and Phoenix Arizona.

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