Thursday, April 25, 2:48 PM
Hindsight is 20-20 for Deutsche when it comes to IPC The Hospitalist (IPCM +13.7%). "Our price targets have been too stingy," analyst Darren Lehrich says. "We're moving off our 9x EV/EBITDA and 16x P/E targets and taking them to 10x and 18.5x, respectively," Lehrich adds, noting that the company seems more than capable of sustaining mid/high teens earnings growth. DB upgrades the shares to Buy and gives the stock a $48 price target. (Earlier: IPCM easily beats the Street)
Comment![On the Move]
Thursday, April 25, 10:33 AM
IPC The Hospitalist (IPCM +14%) racks up a solid gain this morning after its Q1 easily beat Street estimates on an 18% Y/Y jump in total sales. Net profit rose by 15% over the same period, boosted by acquisitions and continued growth in its acute and post-acute business lines. Patient encounters increased by 221K, or 16% Y/Y, to an all-time high of 1.576M. The company reaffirms FY13 guidance, expecting revenue in the range of $597M to $607M and its EPS in the range of $2.15 to $2.25.
Comment![Healthcare, On the Move, Earnings]
Friday, November 16, 2012, 3:00 PM
Physician group practice IPC The Hospitalist Company (IPCM +2.8%) trades higher today after acquiring GLT Medical Services (GLT +1.2%), a post-acute hospitalist practice headquartered in Ohio. Financial details of the arrangements were not disclosed.
Thursday, October 25, 2012, 5:44 PMIPC The Hospitalist Co. (IPCM): Q3 EPS of $0.48 misses by $0.01. Revenue of $127.7M (+12% Y/Y) misses by $2.3M. (PR)
Thursday, July 26, 2012, 7:28 PMIPC Hospitalist (IPCM): Q2 EPS of $0.46 in-line. Revenue of $128.5M (+15% Y/Y) misses by $0.01M. (PR)
Tuesday, April 24, 2012, 5:50 PMIPC The Hospitalist Company (IPCM): Q1 EPS of $0.50 beats by $0.01. Revenue of $129.8M (+14.5% Y/Y) in-line. (PR)
Tuesday, February 21, 2012, 5:06 PMIPC The Hospitalist Company (IPCM): Q4 EPS of $0.51 beats by $0.05. Revenue of $117.9M (+21.3% Y/Y) in-line. (PR)
Monday, January 9, 2012, 8:40 AM
IPC (IPCM) extends AH losses from Friday following its Q4 earnings warning, tailing off 21.6% premarket. Jefferies chimes in after the report with a downgrade to Hold from Buy and a reduced price target of $40.
Comment![On the Move]
Friday, January 6, 2012, 4:17 PM
IPC (IPCM), a provider of inpatient care services for hospitals, drops 12.3% AH after warning it expects Q4 revenue of $115M-$118M and EPS of $0.47-$0.51, below a consensus of $124.4M and $0.54. The company primarily blames the shortfall on "unexpected softness in patient volumes in certain practices," while adding that temporary staffing and practice start-up costs also hurt profitability.
Comment![Healthcare, Earnings, On the Move]