Hanger Inc (OTCMKTS:HNGR) – Investment analysts at Jefferies Financial Group lifted their FY2019 earnings per share (EPS) estimates for shares of Hanger in a research report issued to clients and investors on Thursday, November 7th. Jefferies Financial Group analyst B. Tanquilut now expects that the healthcare company will post earnings per share of $0.90 for the year, up from their previous estimate of $0.87. Jefferies Financial Group also issued estimates for Hanger’s Q1 2020 earnings at ($0.11) EPS, Q2 2020 earnings at $0.37 EPS, Q3 2020 earnings at $0.30 EPS, Q4 2020 earnings at $0.44 EPS and FY2020 earnings at $1.01 EPS.
Hanger (OTCMKTS:HNGR) last posted its earnings results on Thursday, November 7th. The healthcare company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The business had revenue of $279.64 million for the quarter, compared to analyst estimates of $274.14 million.
Separately, Zacks Investment Research raised shares of Hanger from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Tuesday.
HNGR opened at $23.35 on Monday. The firm has a 50 day moving average price of $21.02 and a 200 day moving average price of $19.42. Hanger has a 1 year low of $15.50 and a 1 year high of $25.00.
A number of large investors have recently modified their holdings of the business. CNA Financial Corp grew its position in Hanger by 38.7% in the third quarter. CNA Financial Corp now owns 32,600 shares of the healthcare company’s stock valued at $664,000 after acquiring an additional 9,100 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Hanger by 1,364.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,464 shares of the healthcare company’s stock valued at $30,000 after acquiring an additional 1,364 shares in the last quarter. Monarch Partners Asset Management LLC grew its position in Hanger by 548.0% in the third quarter. Monarch Partners Asset Management LLC now owns 206,024 shares of the healthcare company’s stock valued at $4,199,000 after acquiring an additional 174,230 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Hanger in the third quarter valued at approximately $144,000. Finally, Mackay Shields LLC acquired a new stake in Hanger in the third quarter valued at approximately $1,618,000. 3.61% of the stock is owned by institutional investors.
Hanger Company Profile
Hanger, Inc provides orthotic and prosthetic (O&P) services; and distributes O&P devices and components, manages O&P networks, and provides therapeutic solutions to patients and businesses in acute, post-acute, and clinic settings in the United States. It operates through two segments, Patient Care and Products & Services.
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