LifePoint Health, Inc. (LPNT) Issues FY17 Earnings Guidance

LifePoint Health, Inc. (NASDAQ:LPNT) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.92-$4.20 for the period, compared to the Thomson Reuters consensus estimate of $4.19. The company issued revenue guidance of $6.425-$6.500 billion, compared to the consensus revenue estimate of $6.55 billion.

Several research firms recently commented on LPNT. BidaskClub lowered shares of LifePoint Health from a buy rating to a hold rating in a research report on Saturday, July 8th. Zacks Investment Research lowered shares of LifePoint Health from a buy rating to a hold rating in a research report on Tuesday, July 11th. ValuEngine upgraded shares of LifePoint Health from a hold rating to a buy rating in a research report on Thursday. TheStreet lowered shares of LifePoint Health from a b- rating to a c+ rating in a research report on Wednesday. Finally, Royal Bank Of Canada restated a buy rating and set a $77.00 price target on shares of LifePoint Health in a research report on Wednesday, July 5th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $66.18.

LifePoint Health, Inc. (NASDAQ:LPNT) opened at 57.45 on Friday. The stock has a market capitalization of $2.30 billion, a P/E ratio of 12.86 and a beta of 0.86. LifePoint Health, Inc. has a 52 week low of $50.60 and a 52 week high of $70.95. The firm’s 50-day moving average is $61.96 and its 200-day moving average is $62.71.

LifePoint Health (NASDAQ:LPNT) last released its earnings results on Tuesday, August 1st. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.06. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.64 billion. LifePoint Health had a net margin of 2.61% and a return on equity of 7.40%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. On average, equities research analysts predict that LifePoint Health, Inc. will post $4.07 EPS for the current fiscal year.

In other news, Chairman William F. Carpenter III sold 82,347 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $64.15, for a total transaction of $5,282,560.05. Following the transaction, the chairman now directly owns 504,535 shares in the company, valued at approximately $32,365,920.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman William F. Carpenter III sold 17,653 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $65.06, for a total transaction of $1,148,504.18. Following the transaction, the chairman now owns 439,841 shares in the company, valued at $28,616,055.46. The disclosure for this sale can be found here. Corporate insiders own 7.28% of the company’s stock.

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LifePoint Health Company Profile

LifePoint Health, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. As of December 31, 2016, the Company operated 72 hospital campuses in 22 states, having a total of 9,424 licensed beds. It offers a range of general and specialized healthcare services to patients through a network of hospitals and outpatient facilities.

Earnings History and Estimates for LifePoint Health (NASDAQ:LPNT)

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