Hanger (HNGR) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Hanger (OTCMKTS:HNGR) issued its quarterly earnings data on Thursday. The healthcare company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01, Morningstar.com reports. The business had revenue of $262.95 million during the quarter, compared to analyst estimates of $260.07 million.

OTCMKTS:HNGR traded up $1.05 during trading hours on Friday, reaching $20.00. 1,495,438 shares of the stock were exchanged, compared to its average volume of 103,468. Hanger has a twelve month low of $11.55 and a twelve month high of $24.50.

Several brokerages recently issued reports on HNGR. TheStreet lowered Hanger from a “c” rating to a “d” rating in a research report on Wednesday, October 31st. Zacks Investment Research raised Hanger from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, ValuEngine downgraded Hanger from a “buy” rating to a “hold” rating in a research report on Monday, August 13th.

A number of large investors have recently added to or reduced their stakes in HNGR. Keybank National Association OH bought a new stake in shares of Hanger during the 3rd quarter worth approximately $438,000. Acadian Asset Management LLC bought a new stake in shares of Hanger during the 3rd quarter worth approximately $758,000. First Manhattan Co. bought a new stake in shares of Hanger during the 3rd quarter worth approximately $1,345,000. Deltec Asset Management LLC bought a new stake in shares of Hanger during the 3rd quarter worth approximately $1,510,000. Finally, Thompson Investment Management Inc. bought a new stake in shares of Hanger during the 3rd quarter worth approximately $13,469,000. 3.61% of the stock is owned by hedge funds and other institutional investors.

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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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Earnings History for Hanger (OTCMKTS:HNGR)

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