Envision Healthcare Corporation (NYSE:EVHC) Releases FY17 Earnings Guidance

Envision Healthcare Corporation (NYSE:EVHC) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.35-3.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.45. The company issued revenue guidance of $7.75-8.0 billion, compared to the consensus revenue estimate of $7.96 billion.Envision Healthcare Corporation also updated its Q3 guidance to $0.87-0.83 EPS.

Shares of Envision Healthcare Corporation (NYSE EVHC) traded up 0.66% during midday trading on Friday, reaching $50.21. The company had a trading volume of 1,433,281 shares. The firm’s 50 day moving average price is $57.66 and its 200-day moving average price is $60.47. Envision Healthcare Corporation has a 1-year low of $49.56 and a 1-year high of $74.75. The stock’s market capitalization is $5.88 billion.

Envision Healthcare Corporation (NYSE:EVHC) last released its quarterly earnings results on Monday, August 7th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. Envision Healthcare Corporation had a positive return on equity of 5.35% and a negative net margin of 7.35%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the company posted $0.34 earnings per share. The business’s revenue was up 156.7% on a year-over-year basis. Equities research analysts expect that Envision Healthcare Corporation will post $1.40 EPS for the current fiscal year.

EVHC has been the topic of a number of research reports. Royal Bank Of Canada reissued a buy rating and set a $72.00 price target on shares of Envision Healthcare Corporation in a report on Monday, June 5th. Jefferies Group LLC reissued a buy rating and set a $71.00 price target (down previously from $75.00) on shares of Envision Healthcare Corporation in a report on Wednesday, May 3rd. Cantor Fitzgerald reissued a buy rating and set a $80.00 price target on shares of Envision Healthcare Corporation in a report on Tuesday, July 4th. Zacks Investment Research raised Envision Healthcare Corporation from a strong sell rating to a buy rating and set a $70.00 price target on the stock in a report on Tuesday, July 4th. Finally, BidaskClub raised Envision Healthcare Corporation from a sell rating to a hold rating in a report on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Envision Healthcare Corporation currently has a consensus rating of Buy and a consensus target price of $71.56.

In related news, insider Robert Jon Coward sold 1,500 shares of Envision Healthcare Corporation stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $62.69, for a total transaction of $94,035.00. Following the completion of the transaction, the insider now directly owns 97,863 shares in the company, valued at approximately $6,135,031.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.10% of the company’s stock.

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About Envision Healthcare Corporation

Envision Healthcare Holdings, Inc, formerly CDRT Holding Corporation, is a holding company. The Company, through its subsidiary, provides physician-led medical services in the United States. It operates in two segments: EmCare Holdings, Inc (EmCare) and American Medical Response, Inc (AMR). Its EmCare segment is a provider of integrated facility-based and post-acute care physician services to healthcare facilities in the United States.

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