Lincare Holdings ( LNCR) pushed the Health Care sector lower today making it today's featured Health Care loser. The sector as a whole closed the day up 2.3%. By the end of trading, Lincare Holdings fell 23 cents (-1%) to $23.20 on heavy volume. Throughout the day, 1.3 million shares of Lincare Holdings exchanged hands as compared to its average daily volume of 695,500 shares. The stock ranged in price between $22.96-$23.51 after having opened the day at $23.43 as compared to the previous trading day's close of $23.43. Other company's within the Health Care sector that declined today were: Fonar Corporation ( FONR), down 14.2%, D Medical Industries ( DMED), down 12.3%, Supernus Pharmaceuticals ( SUPN), down 12.1%, and Dehaier Medical Systems ( DHRM), down 10.4%. Lincare Holdings Inc. provides oxygen, respiratory, and other chronic therapy services to patients in the home. Lincare Holdings has a market cap of $2.06 billion and is part of the health services industry. The company has a P/E ratio of 12.1, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 8.9% year to date as of the close of trading on Friday. Currently there are three analysts that rate Lincare Holdings a buy, no analysts rate it a sell, and five rate it a hold. TheStreet Ratings rates Lincare Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, notable return on equity, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
The ex-dividend date for Lincare Holdings (Nasdaq:LNCR) is tomorrow, July 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $41.58 as of 9:30 a.m., the dividend yield is 1.9%.
Shares of Lincare Holdings (Nasdaq:LNCR) were gapping up Monday morning with an open price 21.5% higher than Friday's closing price. The stock closed at $34.02 yesterday and opened today's trading at $41.33.