FBR Capital Maintains a 'Market Perform' on LHC Group (LHCG); Operational Risk Grows as the Mississippi River Swells
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Price: $169.81 --0%
Rating Summary:
5 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital maintains a 'Market Perform' on LHC Group (NASDAQ: LHCG), PT $26.
FBR analyst says, "We performed an analysis of publicly traded home health companies and the potential exposure to flooding from the Mississippi river. It was determined that LHC Group was by far the most exposed with 59% of its agencies operating in states that could be affected by the flooding. A deeper analysis showed that 22 home health agencies were located in or near the flood zone, while another 12 agencies could have susceptible operations as a portion of their addressable market may be at risk. In total, 13% of the company’s home health agencies and 14% of its hospice operations could be affected by flood risk."
"We are lowering our 2Q11 EPS estimate by $0.05 to $0.53 on an increased cost load and a $2 million reduction in the top-line estimate. Our 2Q11 revenue estimate is now $163.3 million...For 2011, our EPS estimate falls to $2.17 or toward the lower end of guidance."
For more ratings news on LHC Group click here and for the rating history of LHC Group click here.
Shares of LHC Group closed at $26.56 yesterday.
FBR analyst says, "We performed an analysis of publicly traded home health companies and the potential exposure to flooding from the Mississippi river. It was determined that LHC Group was by far the most exposed with 59% of its agencies operating in states that could be affected by the flooding. A deeper analysis showed that 22 home health agencies were located in or near the flood zone, while another 12 agencies could have susceptible operations as a portion of their addressable market may be at risk. In total, 13% of the company’s home health agencies and 14% of its hospice operations could be affected by flood risk."
"We are lowering our 2Q11 EPS estimate by $0.05 to $0.53 on an increased cost load and a $2 million reduction in the top-line estimate. Our 2Q11 revenue estimate is now $163.3 million...For 2011, our EPS estimate falls to $2.17 or toward the lower end of guidance."
For more ratings news on LHC Group click here and for the rating history of LHC Group click here.
Shares of LHC Group closed at $26.56 yesterday.
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