(RHB) Rehabcare Group, Inc. – Momentum – Zacks Rank Buy

June 23rd, 2009

Rehabcare Group, Inc. (RHB) recently set a new 52-week high after a powerful rebound from March lows. Estimates are on the upswing as well.

Company Description

Rehabcare Group, Inc. provides rehabilitation management services in hospitals and various care facilities in the United States. The company owns and operates 5 long-term acute care hospitals and six rehab hospitals and has a market cap of $405 million.

Rehabcare Group has posted impressive gains over the last few months, rallying with the overall market. The company’s strong second-quarter results, reported on May 6, gave its share price a nice boost.

First-Quarter Results

Revenue was up 12% from last year to $203.4 million. Income sky-rocketed Incorporatedreasing 92% to $8.7 million, producing earnings of 48 cents per share, 17 cents ahead of the consensus.

Segment Results

Revenue from the company’s skilled nursing division, its largest, was up 9% to $123.1 million. Hospital revenue was up 28% to $35.3 million.

Estimates On The Move

Estimates have been grinding higher for most of the last 3 months, with the current year climbing 22 cents to $1.49 per share. The next-year estimate stands at $1.79, a 20% earnings growth projection.

The Chart

Shares of RHB have bounced very nicely from their short-term lows just above $12 set in early March. With the recent surge pushing shares beyond the $22 mark, a new 52-week high is in hand. Take a look below.

Zacks Investment Research
View original at: Zacks.com News Feed

Related Posts:

  1. (GS) Goldman Sachs Group, Inc. – Momentum – Zacks Rank BuyGoldman Sachs Group, Inc. (GS) is surging on higher estimates, with the company’s share price...
  2. (GPS) Gap, Inc. – Momentum – Zacks Rank BuyGap, Inc. (GPS) is weathering the weak economy better than many of its competitors, reporting...
  3. (RHB) RehabCare Group Inc. – Value – Zacks Rank BuyRehabCare Group Inc. (RHB), which provides rehabilitation services, continued its hot streak of earnings surprise...
  4. (UHS) Universal Healthcare Svc. – Momentum – Zacks Rank BuyUniversal Healthcare Svc. (UHS) has rallied with the market over the last few months, with...
  5. (GIB) CGI Group Inc. – Value – Zacks Rank BuyCGI Group Inc. (GIB), the Canadian-based information technology services provider, continues to see revenue growth...
  6. (ASGR) America Service Group, Inc. – Momentum – Zacks Rank BuyAmerica Service Group, Inc. (ASGR) just reported solid fourth-quarter and full-year results and looks well...


Search Posts by Tag: | | Healthcare | Hospitals

RSS Feeds by Tag: Rehabcare Group Inc. | RHB | Healthcare | Hospitals |

Other Posts by: | RSS Feed for this author