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Stock Market & Financial Investment News

News Breaks
August 5, 2014
13:25 EDTTHC, CYH, HCA, LPNTTenet advances after reporting beat and raise results
Shares of hospital chain Tenet (THC) are climbing after the company reported stronger than expected second quarter results and raised its guidance. WHAT'S NEW: Tenet reported Q2 earnings per share from continuing operations of 17c, versus analysts' consensus estimate of 1c. The company's revenue was slightly higher than expected. Tenet raised its 2014 earnings before interest taxes depreciation and amortization guidance to $1.85B-$1.95B from $1.8B-$1.9B. The company's same-hospital pro forma admissions rose 2.8% versus the same period a year earlier. "Our success at capturing incremental market share through strategic investments, service line expansion, and successfully positioning Tenet's hospitals to benefit from key aspects of the Affordable Care Act all contributed to a great quarter," said Tenet CEO Trevor Fetter. ANALYST REACTION: In a note to investors today, Mizuho analyst Ann Hynes wrote that the company's newly raised EBITDA guidance is likely conservative, as its earnings could be boosted by health reform, integration of companies it previously acquired and growth in its outpatient and healthcare services business. She raised her price target on the shares to $64 from $59 and kept a Buy rating on the stock. PRICE ACTION: In mid-afternoon trading, Tenet climbed 4.5% to $56. Other hospital operators also advanced, with Community Health (CYH) gaining 1% to $48, HCA Holdings (HCA) rising 2% to $67, and LifePoint Hospitals (LPNT) gaining 2% to $72.
News For THC;CYH;HCA;LPNT From The Last 14 Days
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October 20, 2014
07:15 EDTHCAAmerican Academy of Child & Adolescent Psychiatry to hold annual meeting
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October 16, 2014
15:10 EDTCYHAmerican College of Gastroenterology to hold annual meeting
ACG Annual Scientific Meeting 2014 to be held in Philadlephia, PA on October 17-22.
10:01 EDTLPNTOn The Fly: Analyst Upgrade Summary
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09:23 EDTHCAOn The Fly: Pre-market Movers
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07:14 EDTLPNTLifePoint Hospitals upgraded at RW Baird
As previously reported, Baird upgraded LifePoint to Outperform from Neutral. The firm upgraded shares based on valuation, M&A pipeline momentum, improved core operations, and potential further ACA benefit. Price target raised to $76 from $70.
06:09 EDTLPNTLifePoint Hospitals upgraded to Outperform from Neutral at RW Baird
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October 15, 2014
18:26 EDTHCAOn The Fly: After Hours Movers
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17:57 EDTHCAHCA Holdings up 7.5% following preliminary Q3 earnings, raised guidance
16:57 EDTHCAHCA Holdings raises FY14 revenue guidance to $36.5B-$37.0B from $36.0B-$36.5B
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16:54 EDTHCAHCA Holdings reports preliminary Q3 EPS $1.16, consensus 98c
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October 13, 2014
08:03 EDTCYHCommunity Health to divest Harsville, SC hospital to Capella Healthcare
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October 10, 2014
08:56 EDTHCAHCA Holdings outlook positive, says RBC Capital
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October 7, 2014
06:03 EDTLPNT, CYH, HCA, THCCMS readmission penalties increase in 2015, says Wells Fargo
Wells Fargo says CMS released the final 2015 IPPS payment penalties for hospital readmissions, with incremental earnings Impact of down 0.2% to down 1.9% at for-profit hospitals. The firm estimates Community Health Systems (CYH) and Tenet Health (THC) will see the largest incremental reimbursement reduction in 2015, equal to down 1.9% and down 1.4%, respectively. It notes 2015 is the third year of hospital readmission penalties with a maximum penalty of 3%, up from 2% in 2014 and 1% in 2013. Wells has Outperform ratings on Community Health and HCA Holdings (HCA), and Market Perform ratings on LifePoint Hospitals (LPNT), Tenet and Universal Health (UHS).

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