Revenue Update on LHC Group(NASDAQ:LHCG)

LHC Group(NASDAQ:LHCG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $226.03M. Analysts estimated a revenue of $221.14M. Earnings per share were $0.52. Analysts had estimated an EPS of $0.52.

In a different note, Stephens & Co. said it Initiates Coverage on LHC Group, according to a research note issued on Jun 17, 2016. The shares have been rated ‘Overweight’ by the firm.

LHC Group (LHCG) shares turned negative on Fridays trading session with the shares closing down -0.22 points or -0.57% at a volume of 77,448. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.38. The peak price level was also seen at $39.38 while the days lowest was $38.39. Finally the shares closed at $38.67. The 52-week high of the shares is $50.68 while the 52-week low is $32.77. According to the latest information available, the market cap of the company is $702 M.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Joshua L. Proffitt (Executive Vice President) sold 5,444 shares at $42.65 per share price.Also, On Jun 8, 2016, Donald Dwayne Stelly (President & COO) sold 1,326 shares at $43.55 per share price.On May 27, 2016, Keith G Myers (CEO and Chairman) sold 49,000 shares at $41.09 per share price, according to the Form-4 filing with the securities and exchange commission.

LHC Group Inc. is a holding company. The Company provides post-acute health care services to patients through its home nursing agencies community-based services agencies hospice agencies and long-term acute care hospitals (LTACHs). It operates in three segments: home-based services hospice services and facility-based services. LTACH locations provide services primarily to patients with complex medical conditions who have transitioned out of a hospital intensive care unit but whose conditions remain too severe for treatment in a non-acute setting. The Company owns and operates six LTACHs with eight locations of which all but one are located within host hospitals. It also owns and operates a pharmacy and a family health center. Its services include home-based services offered through its home nursing and community-based services agencies hospice services and facility-based services offered through its LTACHs.

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