Free Post Earnings Research Report: LHC Group’s Quarterly Revenue Surged 24.2%; Adjusted EPS Gained 7%
LONDON, UK / ACCESSWIRE / April 10, 2018 / Active-Investors.com has just released a free earnings report on LHC Group, Inc. (NASDAQ: LHCG) ("LHC"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LHCG. LHC reported its fourth quarter and fiscal 2017 operating and financial results on February 28, 2018. The entry-level homebuilder in the Texas, Arizona, Florida, and Georgia markets topped revenue estimates, while earnings were in-line with market expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, LHC Group most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Earnings Highlights and Summary
For the quarter ended December 31, 2017, LHC's net service revenue surged 24.2% to $292.4 million compared to $235.4 million in Q4 2016. The Company's reported numbers came in ahead of analysts' expectations of $283.3 million.
During Q4 2017, LHC's total organic growth in home health admissions was 5.3%. The Company's total organic revenue growth in home health was 7.8% in the reported quarter.
Net income attributable to LHC's common stockholders was $18.4 million, up 87.8% from $9.8 million in Q4 2016, while earnings per diluted share attributable to the Company's common stockholders increased 85.5% to $1.02 per diluted share from $0.55 in the prior year's corresponding quarter. LHC's reported quarter results included an increase of $0.75 per diluted share for the non-cash decrease in the provision for income taxes from the impact of the Tax Cuts and Jobs Act of 2017 on net deferred tax liabilities, partially offset by increases in Almost Family merger and other costs of approximately $0.35 per diluted share.
For Q4 2017, adjusted net income attributable to LHC's common stockholders was $0.62 per diluted share compared to $0.58 per diluted share in Q4 2016, for an increase of 6.9%. The Company's earnings were in-line with Wall Street's forecast of $0.62 per share.
For full year 2017, LHC's net service revenue increased 17.2% to $1.07 billion compared to $914.8 million in FY16.
For FY17, net income attributable to LHC's common stockholders was $50.1 million, up 37.0% from $36.6 million in the prior year's same period, while earnings per diluted share attributable to the Company's common stockholders increased 34.8% to $2.79 per diluted share from $2.07 in FY16. Adjusted net income attributable to LHC's common stockholders was $2.42 per diluted share in FY17 compared to $2.10 per diluted share in FY16, reflecting an increase of 17.6%.
Operational Highlights
LHC acquired 71 home health, hospice, or community-based locations and six long-term acute care hospital operations during the twelve months ended December 31, 2017, which produced a record year of $114.4 million in annual revenue prior to acquisition.
Almost Family Merger Transaction
On November 15, 2017, LHC Group and Almost Family entered into an agreement providing for a ‘merger of equals' business combination. Following approval by both companies' shareholders, the merger will be an all-stock transaction with an exchange ratio of 0.9150 of LHC Group's shares to be exchanged for each outstanding share of Almost Family stock. The combined company will operate under the ‘LHC Group' name with common shares traded on the NASDAQ under ticker symbol LHCG.
On April 02nd, 2018, LHC announced the completion and effectiveness of its merger with Almost Family. The transaction created the second largest in-home healthcare provider in the country with an expanded geographic service territory of 36 states covering over 60% of the US population aged 65 and over.
Fiscal Year 2018 Guidance
With the completion of the merger, LHC updated its earlier issued guidance for fiscal year 2018. The Company is forecasting net service revenue to be in a range of $1.84 billion to $1.89 billion, and adjusted earnings per diluted share is expected to be in a range of $3.45 to $3.55 for FY18. This adjusted earnings per diluted share guidance represents 12% to 15% accretion from the merger compared with the mid-point of LHC's previously issued guidance for fiscal 2018.
Stock Performance Snapshot
April 09, 2018 - At Monday's closing bell, LHC Group's stock dropped 2.33%, ending the trading session at $69.65.
Volume traded for the day: 589.50 thousand shares, which was above the 3-month average volume of 300.19 thousand shares.
Stock performance in the last month – up 11.62%; previous three-month period – up 8.25%; past twelve-month period – up 30.99%; and year-to-date – up 13.71%
After yesterday's close, LHC Group's market cap was at $1.26 billion.
Price to Earnings (P/E) ratio was at 34.24.
The stock is part of the Healthcare sector, categorized under the Home Health Care industry. This sector was up 1.1% at the end of the session.
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