SunTrust Banks Weighs in on LifePoint Health, Inc.’s Q1 2018 Earnings (LPNT)

LifePoint Health, Inc. (NASDAQ:LPNT) – Investment analysts at SunTrust Banks lowered their Q1 2018 EPS estimates for shares of LifePoint Health in a research note issued on Monday. SunTrust Banks analyst D. Macdonald now forecasts that the company will earn $1.01 per share for the quarter, down from their prior forecast of $1.06. SunTrust Banks has a “Hold” rating and a $54.00 price objective on the stock. SunTrust Banks also issued estimates for LifePoint Health’s Q2 2018 earnings at $0.96 EPS, Q3 2018 earnings at $0.99 EPS, Q4 2018 earnings at $0.98 EPS, FY2018 earnings at $3.94 EPS, Q1 2019 earnings at $1.13 EPS, Q2 2019 earnings at $1.03 EPS and Q3 2019 earnings at $1.05 EPS.

A number of other research analysts have also recently commented on LPNT. Zacks Investment Research upgraded LifePoint Health from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Tuesday, July 4th. Royal Bank Of Canada restated a “buy” rating and set a $77.00 price target on shares of LifePoint Health in a research note on Wednesday, July 5th. BidaskClub cut LifePoint Health from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. ValuEngine upgraded LifePoint Health from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, TheStreet cut LifePoint Health from a “b-” rating to a “c+” rating in a research note on Wednesday, August 16th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $60.57.

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Shares of LifePoint Health (NASDAQ LPNT) traded up 0.797% during midday trading on Tuesday, reaching $47.425. The company’s stock had a trading volume of 310,671 shares. The company has a market capitalization of $1.90 billion, a P/E ratio of 10.619 and a beta of 0.84. LifePoint Health has a one year low of $46.50 and a one year high of $70.95. The stock’s 50-day moving average is $56.24 and its 200-day moving average is $60.32.

LifePoint Health (NASDAQ:LPNT) last issued its earnings results on Friday, October 27th. The company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.15). The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. LifePoint Health had a net margin of 2.45% and a return on equity of 7.01%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share.

LifePoint Health announced that its board has authorized a share buyback plan on Friday, October 27th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

A number of institutional investors have recently bought and sold shares of the business. Hussman Strategic Advisors Inc. acquired a new stake in LifePoint Health in the third quarter valued at $1,517,000. Parametrica Management Ltd acquired a new stake in LifePoint Health in the third quarter valued at $282,000. Victory Capital Management Inc. raised its stake in LifePoint Health by 19.3% in the third quarter. Victory Capital Management Inc. now owns 973,978 shares of the company’s stock valued at $56,393,000 after buying an additional 157,831 shares in the last quarter. First Quadrant L P CA acquired a new stake in LifePoint Health in the third quarter valued at $5,043,000. Finally, Aperio Group LLC raised its stake in LifePoint Health by 7.5% in the third quarter. Aperio Group LLC now owns 24,138 shares of the company’s stock valued at $1,398,000 after buying an additional 1,682 shares in the last quarter. Institutional investors own 99.53% of the company’s stock.

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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