Why Hanger (HGR) Stock Is Falling Today

NEW YORK (TheStreet) -- Hanger (HGR) was falling 28.3% to $21.43 Friday after missing analysts' estimates for earnings and revenue in the second quarter.

For the second quarter Hanger reported earnings of 40 cents a share, missing analysts' estimates of 53 cents a share by 13 cents according to Thomson Reuters. Revenue grew 3% to $275.9 million, missing analysts' estimates of $285.5 million.

For the full year Hanger now expects EPS of $1.60 to $1.70 a share and revenue of between $1.05 billion and $1.08 billion. Analysts expect earnings of $2.03 and revenue of $1.1 billion for the full year.

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TheStreet Ratings team rates HANGER INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate HANGER INC (HGR) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

HGR ChartHGR data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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