The mean price target for the shares of TeamHealth Holdings Inc (NYSE:TMH)is at $51.56 while the highest price target suggested by the analysts is $62.00 and low price target is $46.00. The mean price target is calculated keeping in view the consensus of 16 brokerage firms.
The company’s mean estimate for sales for the current quarter ending Jun 16 is 1.17B by 15 analysts. The means estimate of sales for the year ending Dec 16 is 4.75B by 17 analysts.
In its latest quarter ended on 31 Mar 2016 , TeamHealth Holdings Inc (NYSE:TMH)reported earnings of $0.62. The posted earnings topped the analyst’s consensus by $0.05 with the surprise factor of 8.80%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
TeamHealth Holdings Inc (NYSE:TMH) traded down -8.23% during trading on Friday, hitting $46.84 . The stock had a trading volume of 4.5 M shares. The firm has a 50 day moving average of $45.09 and a 200-day moving average of $43.62. The stock has a market cap of $3.29B and a price-to-earnings ratio of 59.33. On Aug 5, 2015 the shares registered one year high at $70.21 and the one year low was seen on Feb 9, 2016.
Team Health Holdings, Inc. provides outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. It recruits and contracts with healthcare professionals who then provide professional services in third-party healthcare facilities. The company offers a range of services, including recruiting, scheduling, and credential coordination of clinical and non-clinical medical professionals; coding, billing, and collecting fees for services provided by medical professionals; administrative support services, such as payroll, professional liability insurance coverage, continuing medical education services, and management training; claims and risk management services; and standardized procedures and operational consulting, as well as provides experienced medical directors. It offers outsourced physician staffing and administrative services in emergency medicine; hospital medicine; anesthesiology; inpatient services; scribes; ambulatory care; pediatrics; post-acute care; and other healthcare services. The company also offers healthcare management physician-related services; and non-physician staffing services, such as para-professional providers, nursing, specialty technicians, and administrative staffing to military and government facilities. In addition, it provides medical call center services, such as physician after-hours call coverage, community nurse lines, emergency department advice calls, physician referral, class scheduling, appointment scheduling, and Web response. The company serves approximately 3,400 civilian and military hospitals, clinics, and physician groups in 47 states through healthcare professionals, such as physicians, physician assistants, nurse practitioners, certified registered nurse anesthetists, and registered nurses. Team Health Holdings, Inc. was founded in 1979 and is headquartered in Knoxville, Tennessee.
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