Change Healthcare 15M share Block Trade priced at $12.50 » 07:2308/0708/07/20
The deal range was…
Story temporarily locked.
Encompass Health to build 40-bed rehabilitation hospital in Cape Coral, Florida » 16:5308/0608/06/20
Encompass Health announced it has placed land under contract and plans to build a freestanding, 40-bed inpatient rehabilitation hospital in Cape Coral, Florida, to be named Encompass Health Rehabilitation Hospital of Cape Coral. Complementing local acute care services, the hospital will care for patients recovering from debilitating illnesses and injuries including strokes and other neurological disorders, brain injuries, spinal cord injuries, amputations and complex orthopedic conditions. The hospital will provide physical, occupational and speech therapies that aim to restore functional ability and quality of life and 24-hour care by registered nurses, many of whom are certified in rehabilitation nursing.
Change Healthcare price target raised to $22 from $19 at Piper Sandler » 14:0808/0608/06/20
Piper Sandler analyst…
Piper Sandler analyst Sean Wieland raised the firm's price target on Change Healthcare to $22 from $19 and keeps an Overweight rating on the shares after the company reported Q2 results. Wieland said he believes the shift to cloud native solutions from on-premise, tightening of the sales cycle, and increased utilization from new sources like telehealth provide upside to current estimates. The analyst added that the "quicker" bounce back establishes a linear recovery.
HealthStream management to virtually meet with Barrington » 11:4508/0608/06/20
Virtual Meeting to be…
Virtual Meeting to be held on August 11 hosted by Barrington.
Tivity Health upgraded to Buy at Craig-Hallum » 09:4808/0608/06/20
As previously reported,…
As previously reported, Craig-Hallum analyst Alex Fuhrman upgraded Tivity Health to Buy from Hold with a price target of $20, up from $10. The analyst cites reduced debt risk and digital wellness opportunity, and notes that the company is executing well through the pandemic.
Tivity Health price target raised to $27 from $15 at Barrington » 08:1808/0608/06/20
Barrington analyst Michael Petusky raised the firm's price target on Tivity Health to $27 from $15 and keeps an Outperform rating on the shares. The analyst views the company's Q2 results as "exceptionally strong" and says nutrition trends are improving.
Tivity Health upgraded to Buy from Hold at Craig-Hallum » 07:0008/0608/06/20
Craig-Hallum analyst Alex…
Craig-Hallum analyst Alex Fuhrman upgraded Tivity Health to Buy from Hold with a price target of $20, up from $10.
Change Healthcare reports Q1 adj. EPS 25c, consensus 15c » 16:5008/0508/05/20
Reports Q1 revenue…
Reports Q1 revenue $694.18M, consensus $650.87M. "While the first quarter reflects the impact of COVID-19, we are proud of our team members who adapted quickly to address the needs of our customers and enabled us to deliver financial results ahead of our expectations and continued to drive new innovations," said Neil de Crescenzo, president and chief executive officer. "Given Change Healthcare sits at the center of the U.S. healthcare system facilitating more than $1.5 trillion in claims and 15 billion transactions annually, we remain committed to supporting our customers and leading researchers with data, insights, and advanced solutions to ensure access, affordability, and improved outcomes for consumers. Despite the short-term uncertainty related to COVID-19, we believe positive underlying demand across our portfolio combined with continued innovation will enable us to drive increased value for both our customers and shareholders moving forward."
Tivity Health reports Q2 adjusted EPS 79c, consensus 7c » 16:4408/0508/05/20
Reports Q2 revenue…
Reports Q2 revenue $262.6M, consensus $225.73M. "Both our Healthcare and Nutrition businesses delivered strong earnings in the second quarter. Our results highlight continued momentum and solid performance in the Nutrisystem brand DTC channel and the resilient model of the Healthcare business. We have significantly expanded digital engagement to our SilverSneakers members and are seeing encouraging signs of members beginning to return to fitness centers. Our Nutrisystem brand drove historic customer growth through smart execution and ongoing transformation of our marketing strategy," said CEO Richard Ashworth. "Our strong cash flow enabled us to improve our net debt by nearly $53M during the quarter. I am encouraged by the strength and versatility of our trusted brands, the passion of our team, and by the numerous opportunities that lie ahead to enhance shareholder value. We are disciplined in our decision-making, strongly focused on overall company performance, while dedicated to providing meaningful experiences for our customers."
Notable companies reporting after market close » 14:5208/0508/05/20
FISV, MET, CVNA, ROKU, ETSY, WDC, GDDY, FSLY, CTL, ZNGA, LYV, HUBS, ADT, CF, VOYA, CHNG, CWH, JACK, TWNK, FIT, INFN
Notable companies reporting after the market close, with earnings consensus, include Fiserv (FISV), consensus 93c... MetLife (MET), consensus 90c... Carvana (CVNA), consensus (83c)... Roku (ROKU), consensus (50c)... Etsy (ETSY), consensus 39c... Western Digital (WDC), consensus $1.21... GoDaddy (GDDY), consensus 15c... Fastly (FSLY), consensus (1c)... CenturyLink (CTL), consensus 32c... Zynga (ZNGA), consensus 8c... Live Nation (LYV), consensus ($2.08)... HubSpot (HUBS), consensus 24c... ADT Inc. (ADT), consensus 29c... CF Industries (CF), consensus 65c... Voya Financial (VOYA), consensus 79c... Change Healthcare (CHNG), consensus 15c... Camping World (CWH), consensus 63c... Jack in the Box (JACK), consensus $1.03... Hostess Brands (TWNK), consensus 15c... Fitbit (FIT), consensus (22c)... Infinera (INFN), consensus (14c).