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Kindred Healthcare Inc (KND.N)

KND.N on New York Stock Exchange

7.60USD
17 Nov 2017
Change (% chg)

$-0.10 (-1.30%)
Prev Close
$7.70
Open
$7.65
Day's High
$7.70
Day's Low
$7.53
Volume
132,962
Avg. Vol
282,319
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$11.88
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$5.50

Latest Key Developments (Source: Significant Developments)

Kindred Healthcare Q3 earnings per share $0.11
Monday, 6 Nov 2017 04:30pm EST 

Nov 6 (Reuters) - Kindred Healthcare Inc :Kindred Healthcare reports third quarter 2017 results.Q3 core loss per share $0.11 from continuing operations.Q3 GAAP loss per share $0.33 from continuing operations.Q3 earnings per share view $-0.19 -- Thomson Reuters I/B/E/S.Q3 revenue $1.48 billion versus I/B/E/S view $1.44 billion.Q3 earnings per share $0.11.Kindred Healthcare Inc - ‍company updates outlook for 2018​.Kindred Healthcare Inc sees for 2018 ‍annual revenues of $6.2 billion, with a range of $6.1 billion to $6.3 billion​.Kindred Healthcare Inc sees for 2018 ‍core diluted eps from continuing operations of $0.75, with a range of $0.65 to $0.85​.Kindred Healthcare Inc - ‍company is not providing a 2017 outlook​.FY 2018 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.  Full Article

Kindred Healthcare Q3 core loss per share $0.11 from continuing operations
Monday, 6 Nov 2017 04:30pm EST 

Nov 6 (Reuters) - Kindred Healthcare Inc ::Kindred Healthcare reports third quarter 2017 results.Q3 core loss per share $0.11 from continuing operations.Q3 GAAP loss per share $0.33 from continuing operations.Q3 earnings per share view $-0.19 -- Thomson Reuters I/B/E/S.Q3 revenue $1.48 billion versus I/B/E/S view $1.44 billion.Q3 core loss per share $0.11 from continuing operations .Kindred Healthcare Inc - ‍company updates outlook for 2018​.Kindred Healthcare Inc sees for 2018 ‍annual revenues of $6.2 billion, with a range of $6.1 billion to $6.3 billion​.Kindred Healthcare Inc sees for 2018 ‍core diluted EPS from continuing operations of $0.75, with a range of $0.65 to $0.85​.Kindred Healthcare Inc - ‍company is not providing a 2017 outlook​.FY2018 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.  Full Article

Kindred completes additional transaction closing for its skilled nursing facility business divestiture
Monday, 2 Oct 2017 08:00am EDT 

Oct 2 (Reuters) - Kindred Healthcare Inc :Kindred completes additional transaction closing for its skilled nursing facility business divestiture.  Full Article

Kindred provides estimated impact of Hurricanes Irma and Harvey
Wednesday, 20 Sep 2017 04:30pm EDT 

Sept 20 (Reuters) - Kindred Healthcare Inc :Kindred provides estimated impact of Hurricanes Irma and Harvey.Kindred Healthcare Inc - ‍Expects a one-time pretax earnings impact from Hurricanes Irma and Harvey of approximately $20 million in aggregate for Q3​.Kindred Healthcare Inc - ‍Company does not expect any significant impact on its financial results in Q4 of 2017 or beyond​ from the hurricanes.  Full Article

Kindred Healthcare reports Q2 loss per share $1.36 from continuing operations
Thursday, 3 Aug 2017 04:30pm EDT 

Aug 3 (Reuters) - Kindred Healthcare Inc -:Kindred Healthcare reports second quarter 2017 results.Q2 core earnings per share $0.19 from continuing operations.Q2 gaap loss per share $1.36 from continuing operations.Q2 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Q2 revenue $1.53 billion versus i/b/e/s view $1.48 billion.Kindred Healthcare Inc- ‍company updates outlook for 2017 and 2018​.Sees 2018 annual revenues at midpoint of approximately $6.2 billion.Sees 2018 core ebitdar at midpoint of approximately $830 million.Sees 2018 core diluted eps from continuing operations at midpoint of approximately $0.80.Kindred Healthcare Inc- ‍for second half of 2017, we expect our q3 to follow normal seasonal trends, making it softest quarter of year​.Sees 2017 core ebitdar of $930 million, with a range of $910 million to $950 million.Kindred healthcare inc - "for second half of 2017, we expect our q3 to follow normal seasonal trends, making it softest quarter of year".Kindred Healthcare - due to ongoing,widely reported inpatient volume trends co is expecting to finish year towards lower end of previous outlook range.  Full Article

Ventas reaffirms expected sale of 36 skilled nursing facilities for $700 mln
Friday, 30 Jun 2017 09:02pm EDT 

June 30 (Reuters) - Ventas Inc :Ventas reaffirms expected sale of 36 skilled nursing facilities for $700 million to facilitate kindred healthcare’s exit from its skilled nursing segment.Ventas skilled nursing portfolio will represent only one percent of net operating income upon sale.Kindred expects closings of sale of Ventas SNFs to occur in phases, beginning in Q3 of 2017 and completed by year end 2017.  Full Article

Kindred healthcare reports first quarter 2017 results
Wednesday, 3 May 2017 04:30pm EDT 

May 3 (Reuters) - Kindred Healthcare Inc ::Kindred Healthcare reports first quarter 2017 results.Q1 GAAP core earnings per share $0.04 from continuing operations.Q1 GAAP loss per share $0.07 from continuing operations.Q1 revenue $1.77 billion versus I/B/E/S view $1.78 billion.Sees Q2 2017 core earnings per share about $0.10 to $0.20 from continuing operations.Q1 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.Reaffirms 2017 guidance for annual revenues of $7.2 billion, with a range of $7.1 billion to $7.3 billion.Says for 2018, reaffirms annual revenues of approximately $6.3 billion, core diluted EPS from continuing operations of approximately $0.80.Reaffirms 2017 guidance for core EBITDAR of $930 million, with a range of $910 million to $950 million.Says for 2018 reaffirms core EBITDAR of approximately $840 million.Says outlook estimates assume that Kindred completes its skilled nursing facilities exit prior to start of 2018.Reaffirms 2017 guidance for core diluted EPS from continuing operations of $0.55, with a range of $0.40 to $0.70 per share.For Q2 of 2017, Kindred expects core EBITDAR of approximately $225 million to $240 million.FY2017 earnings per share view $0.51, revenue view $7.16 billion -- Thomson Reuters I/B/E/S.Q2 earnings per share view $0.19 -- Thomson Reuters I/B/E/S.FY2018 earnings per share view $0.80 -- Thomson Reuters I/B/E/S.  Full Article

Kindred Healthcare declares cash dividend of $0.12 per common share
Monday, 27 Feb 2017 04:45pm EST 

Kindred Healthcare Inc : Kindred healthcare board of directors declares cash dividend of $0.12 per common share and approves scheduled preferred stock installment payment of $18.75 per preferred share . Kindred healthcare -board determined trading levels of co's common stock do not sufficiently reflect value of co's quarterly cash dividend .Kindred healthcare -following payment of quarterly cash dividend, board determined to discontinue quarterly cash dividend on common stock.  Full Article

Kindred Healthcare q4 gaap loss per share $0.23 from continuing operations
Monday, 27 Feb 2017 04:30pm EST 

Kindred Healthcare Inc : Kindred healthcare reports fourth quarter 2016 results . Company establishes outlook for 2017 and 2018 . Q4 gaap loss per share $0.23 from continuing operations . Q4 earnings per share view $0.06 -- Thomson Reuters I/B/E/S . Continue to advance strategic initiative to divest skilled nursing center business . Sees 2017 annual revenues of $7.2 billion, with a range of $7.1 billion to $7.3 billion . Sees 2017 core diluted eps from continuing operations of $0.55, with a range of $0.40 to $0.70 per share . 2017 outlook assumes company's skilled nursing facility business is operated for entire year . Sees 2018 annual revenues of approximately $6.3 billion . Sees 2018 core diluted eps from continuing operations of approximately $0.80 .Kindred healthcare-board determined to discontinue co's quarterly cash dividend on common stock and redirect funds to repay debt and invest in growth.  Full Article

Kindred announces agreements with Ventas Inc
Monday, 14 Nov 2016 07:00am EST 

Kindred Healthcare Inc : Kindred Healthcare Inc - expect our exit from skilled nursing facility business to be accretive to earnings . Kindred Healthcare Inc - expect after-tax net proceeds from sale of assets will range from $100 million to $300 million after transaction costs . Kindred Healthcare Inc - expect to apply anticipated net proceeds to reduce funded debt . Kindred Healthcare Inc - will continue to operate ventas properties as it works to sell them to new owners/operators .Press release - kindred announces agreements with ventas facilitating strategic exit from skilled nursing facility business.  Full Article