Earnings Results, Financial Outlooks, and Dividend Authorizations - Analyst Notes on Brookdale, BioScrip, Emeritus, Chemed and Kindred
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 14, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Brookdale Senior Living Inc. (NYSE: BKD), BioScrip Inc. (NASDAQ: BIOS), Emeritus Corp. (NYSE: ESC), Chemed Corp. (NYSE: CHE) and Kindred Healthcare Inc. (NYSE: KND). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2410-100free.
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Brookdale Senior Living Inc. Analyst Notes
On May 7, 2014, Brookdale Senior Living Inc. (Brookdale) reported its Q1 2014 financial results with total revenue of $747.3 million, up 4.9% YoY. Net loss for the quarter came in at $2.3 million, compared to a net income of $3.6 million in Q1 2013. Loss per share stood at $0.02 in Q1 2014 compared to an earnings per share of $0.03 in Q1 2013. Cash From Facility Operations increased by 13.3% YoY to $79.2 million, or $0.64 per share during the quarter and is expected to range between $2.68 and $2.75 per share for full year 2014. The full analyst notes on Brookdale are available to download free of charge at:
http://www.analystsreview.com/2410-BKD-14May2014.pdf
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BioScrip Inc. Analyst Notes
On May 8, 2014, BioScrip Inc. (BioScrip) reported its Q1 2014 financial results with revenue from continuing operations of $239.6 million, up 32.3% YoY. Net loss from continuing operations were $25.4 million, or $0.37 per basic and diluted share, compared to net loss from continuing operations of $8.4 million, or $0.15 per basic and diluted share in Q1 2013. Consolidated, adjusted EBITDA was $9.1 million, compared to $10.2 million in Q1 2013. Rick Smith, President and CEO of BioScrip commented, "Our first-quarter results reflect our success in achieving our two strategic priorities of building a leadership position in the home infusion industry and generating strong cash collections." He continued, "As one team, one company, we are already realizing greater efficiencies in our business and optimizing our productivity. At the same time, our cash collection efforts are yielding positive results and providing us with greater financial flexibility to execute our long-term plans." The full analyst notes on BioScrip are available to download free of charge at:
http://www.analystsreview.com/2410-BIOS-14May2014.pdf
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Emeritus Corp. Analyst Notes
On May 8, 2014, Emeritus Corp. (Emeritus) reported its Q1 2014 financial results with total operating revenue growth of 10.5% YoY to $521.8 million. According to Emeritus, the increase was driven primarily by the Company's acquisition of 38 communities in September 2013 pursuant to an operating lease with Health Care REIT, Inc. It also attributed the increase in revenues to improved occupancy and rate in the Consolidated Same Community portfolio as well as growth in the Company's ancillary services through the Nurse On Call, Inc. ("NOC") home health care subsidiary. Emeritus however reported net loss of $49.0 million compared to a loss of $39.7 million in Q1 2013. The full analyst notes on Emeritus are available to download free of charge at:
http://www.analystsreview.com/2410-ESC-14May2014.pdf
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Chemed Corp. Analyst Notes
On April 29, 2014, Chemed Corp. (Chemed) reported its unaudited Q1 2014 financial results with revenue of $358 million, down 2.3% YoY. Net income was $20.6 million compared to $22.3 million in Q1 2013, and GAAP diluted EPS declined 4.3% YoY to $1.12. The Company anticipates full year 2014 earnings per diluted share (excluding non-cash expense for stock options, the non-cash interest expense related to the accounting for convertible debt, litigation and other discrete items) to be in the range of $5.90 to $6.10, as compared to $5.62 reported in 2013. The full analyst notes on Chemed are available to download free of charge at:
http://www.analystsreview.com/2410-CHE-14May2014.pdf
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Kindred Healthcare Inc. Analyst Notes
On May 7, 2014, Kindred Healthcare Inc. (Kindred) announced that its Board of Directors has authorized and approved a regular quarterly cash dividend in the amount of $0.12 per common share. The dividend is payable on June 11, 2014 to shareholders of record as of the close of the business on May 21, 2014. The full analyst notes on Kindred are available to download free of charge at:
http://www.analystsreview.com/2410-KND-14May2014.pdf
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