LifePoint Hospitals Inc. (LPNT) Updates FY16 Earnings Guidance

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LifePoint Hospitals Inc. (NASDAQ:LPNT) updated its FY16 earnings guidance on Tuesday. The company provided EPS guidance of $3.43-3.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.49. The company issued revenue guidance of $6.35-6.45 billion, compared to the consensus revenue estimate of $6.40 billion.
Several research analysts have commented on the company. Credit Suisse Group AG reaffirmed a buy rating and set a $64.00 target price on shares of LifePoint Hospitals in a report on Tuesday, August 30th. TheStreet downgraded LifePoint Hospitals from a buy rating to a hold rating in a report on Thursday, August 25th. Zacks Investment Research raised LifePoint Hospitals from a sell rating to a hold rating in a report on Wednesday, August 3rd. Raymond James Financial cut their target price on LifePoint Hospitals from $75.00 to $65.00 and set an outperform rating on the stock in a report on Tuesday, August 2nd. Finally, RBC Capital Markets reaffirmed an outperform rating and set a $77.00 target price (down from $84.00) on shares of LifePoint Hospitals in a report on Monday, August 1st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $73.22.
LifePoint Hospitals Inc. (NASDAQ:LPNT) opened at 57.72 on Tuesday. The firm has a market capitalization of $2.46 billion and a P/E ratio of 19.22. The stock has a 50 day moving average price of $59.54 and a 200-day moving average price of $64.94. LifePoint Hospitals Inc. has a 52 week low of $54.82 and a 52 week high of $81.20.

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LifePoint Hospitals (NASDAQ:LPNT) last released its earnings results on Friday, July 29th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by $0.19. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the business posted $1.00 EPS. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. Analysts anticipate that LifePoint Hospitals Inc. will post $3.51 EPS for the current fiscal year.
LifePoint Health, Inc, formerly LifePoint Hospitals, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. The Company operates through healthcare services segment. The Company operates over 70 hospital campuses in over 20 states, having a total of over 8,240 licensed beds.

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