Zacks: Brokerages Anticipate Envision Healthcare (EVHC) Will Announce Earnings of $0.88 Per Share

Equities research analysts expect Envision Healthcare (NYSE:EVHC) to announce earnings per share of $0.88 for the current fiscal quarter, Zacks reports. Thirteen analysts have made estimates for Envision Healthcare’s earnings. The highest EPS estimate is $0.96 and the lowest is $0.85. Envision Healthcare posted earnings of $0.85 per share in the same quarter last year, which indicates a positive year over year growth rate of 3.5%. The firm is scheduled to report its next earnings results on Monday, August 6th.

On average, analysts expect that Envision Healthcare will report full year earnings of $3.64 per share for the current year, with EPS estimates ranging from $3.56 to $3.75. For the next year, analysts anticipate that the business will report earnings of $4.09 per share, with EPS estimates ranging from $3.75 to $4.36. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Envision Healthcare.

Envision Healthcare (NYSE:EVHC) last issued its earnings results on Monday, May 7th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.07. Envision Healthcare had a net margin of 1.41% and a return on equity of 4.59%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the business earned $0.77 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis.

EVHC has been the topic of several recent research reports. SunTrust Banks cut shares of Envision Healthcare from a “buy” rating to a “hold” rating in a report on Tuesday. Robert W. Baird reiterated an “outperform” rating and set a $50.00 target price (up from $45.00) on shares of Envision Healthcare in a report on Wednesday, March 7th. ValuEngine cut shares of Envision Healthcare from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Royal Bank of Canada cut shares of Envision Healthcare from an “outperform” rating to a “sector perform” rating in a report on Tuesday. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $37.00 price target on shares of Envision Healthcare in a report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.59.

Shares of Envision Healthcare stock opened at $44.78 on Monday. The company has a current ratio of 2.27, a quick ratio of 2.25 and a debt-to-equity ratio of 0.65. Envision Healthcare has a 1 year low of $23.77 and a 1 year high of $64.00. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.02 and a beta of 0.46.

Several institutional investors have recently made changes to their positions in EVHC. LPL Financial LLC boosted its holdings in Envision Healthcare by 5.4% in the first quarter. LPL Financial LLC now owns 25,123 shares of the company’s stock valued at $965,000 after purchasing an additional 1,298 shares in the last quarter. Norinchukin Bank The raised its position in Envision Healthcare by 14.6% in the first quarter. Norinchukin Bank The now owns 11,085 shares of the company’s stock worth $426,000 after acquiring an additional 1,412 shares in the last quarter. M&T Bank Corp raised its position in Envision Healthcare by 33.6% in the fourth quarter. M&T Bank Corp now owns 6,818 shares of the company’s stock worth $235,000 after acquiring an additional 1,716 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Envision Healthcare by 4.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,317 shares of the company’s stock worth $1,549,000 after acquiring an additional 1,781 shares in the last quarter. Finally, Federated Investors Inc. PA raised its position in Envision Healthcare by 194.8% in the first quarter. Federated Investors Inc. PA now owns 2,753 shares of the company’s stock worth $106,000 after acquiring an additional 1,819 shares in the last quarter.

Envision Healthcare Company Profile

Envision Healthcare Corporation, through its subsidiaries, provides various healthcare services in the United States. The company operates through two segments, Physician Services and Ambulatory Services. As of December 31, 2017, its physician-led services encompassed providers at approximately 1,800 clinical departments at healthcare facilities in 45 states and the District of Columbia that include emergency department and hospitalist, anesthesiology, radiology/tele-radiology, and children's services.

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Earnings History and Estimates for Envision Healthcare (NYSE:EVHC)

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