Revenue Update on Genesis Healthcare Inc(NYSE:GEN)

Genesis Healthcare Inc(NYSE:GEN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $1.403B. Analysts estimated a revenue of $1.400B. The revenues were 0.21% above the estimates. Earnings per share were $-0.59. The reported EPS was below estimates by -210.53%. Analysts had estimated an EPS of $-0.19.

Genesis Healthcare Inc (GEN) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -1.29% at a volume of 1,62,477. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.93. The peak price level was also seen at $3.93 while the days lowest was $3.81. Finally the shares closed at $3.83. The 52-week high of the shares is $4.75 while the 52-week low is $1.38. According to the latest information available, the market cap of the company is $592 M.

Several Insider Transactions has been reported to the SEC. On Aug 30, 2016, Stephen Scott Young (VP and Corporate Controller) sold 10,000 shares at $2.38 per share price.Also, On Jun 9, 2016, Michael Scott Sherman (SVP and General Counsel) sold 1,919 shares at $1.72 per share price.On Jun 9, 2016, Robert A Reitz (EVP and COO) sold 3,892 shares at $1.72 per share price, according to the Form-4 filing with the securities and exchange commission.

Genesis Healthcare Inc. formerly Skilled Healthcare Group Inc. is a holding company that provides post-acute care. The Company operates through three segments: long-term care (LTC) which includes the operation of skilled nursing facilities and assisted living facilities; therapy services which includes its integrated and third-party rehabilitation therapy services and hospice and home health services which includes its hospice and home health businesses. As of December 31 2014 it owned or leased 73 skilled nursing facilities and 22 assisted living facilities together comprising 10275 licensed beds. It also leases five skilled nursing facilities in California to an unaffiliated third party operator. As of December 31 2014 it provided hospice and home health services in Arizona Idaho Montana Nevada and New Mexico. It also provided private duty care services.

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