Equities analysts forecast that Kindred Healthcare, Inc. (NYSE:KND) will announce $0.16 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Kindred Healthcare’s earnings, with estimates ranging from $0.15 to $0.18. Kindred Healthcare posted earnings of $0.38 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 57.9%. The business is scheduled to announce its next earnings results on Thursday, August 3rd.
On average, analysts expect that Kindred Healthcare will report full year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.53 to $0.56. For the next fiscal year, analysts anticipate that the company will report earnings of $0.78 per share, with EPS estimates ranging from $0.61 to $0.86. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Kindred Healthcare.
Kindred Healthcare (NYSE:KND) last released its quarterly earnings data on Wednesday, May 3rd. The health services provider reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Kindred Healthcare had a net margin of 0.50% and a negative return on equity of 3.05%.
KND has been the subject of several research analyst reports. Zacks Investment Research downgraded Kindred Healthcare from a “buy” rating to a “hold” rating in a research note on Tuesday, February 21st. Mizuho increased their price objective on Kindred Healthcare from $5.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, February 28th. Barclays PLC reissued a “buy” rating and issued a $13.00 price objective (up from $11.00) on shares of Kindred Healthcare in a research note on Sunday, May 7th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $10.00 price objective on shares of Kindred Healthcare in a research note on Friday, May 5th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.44.
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A number of hedge funds have recently modified their holdings of KND. ARP Americas LLC bought a new stake in shares of Kindred Healthcare during the fourth quarter valued at about $100,000. TFS Capital LLC acquired a new position in Kindred Healthcare during the first quarter worth $104,000. Point72 Asia Hong Kong Ltd acquired a new position in Kindred Healthcare during the first quarter worth $121,000. First Citizens Bank & Trust Co. boosted its position in Kindred Healthcare by 8.9% in the first quarter. First Citizens Bank & Trust Co. now owns 15,462 shares of the health services provider’s stock worth $129,000 after buying an additional 1,260 shares in the last quarter. Finally, Two Sigma Securities LLC boosted its position in Kindred Healthcare by 54.5% in the first quarter. Two Sigma Securities LLC now owns 15,632 shares of the health services provider’s stock worth $131,000 after buying an additional 5,511 shares in the last quarter. Institutional investors own 94.84% of the company’s stock.
Kindred Healthcare (KND) traded up 1.95% during midday trading on Tuesday, hitting $10.45. 718,304 shares of the stock traded hands. The company’s 50 day moving average price is $10.09 and its 200 day moving average price is $8.34. Kindred Healthcare has a 12 month low of $5.65 and a 12 month high of $12.55. The firm’s market cap is $894.86 million.
Kindred Healthcare Company Profile
Kindred Healthcare, Inc is a healthcare services company. The Company, through its subsidiaries, operates transitional care (TC) hospitals, a home health, hospice and community care business, inpatient rehabilitation hospitals (IRFs), a contract rehabilitation services business, nursing centers and assisted living facilities across the United States.
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