$171.79 Million in Sales Expected for BioScrip Inc (BIOS) This Quarter

Brokerages forecast that BioScrip Inc (NASDAQ:BIOS) will post sales of $171.79 million for the current quarter, Zacks reports. Four analysts have provided estimates for BioScrip’s earnings, with the highest sales estimate coming in at $173.40 million and the lowest estimate coming in at $170.49 million. BioScrip reported sales of $240.12 million in the same quarter last year, which indicates a negative year over year growth rate of 28.5%. The business is scheduled to issue its next quarterly earnings report on Friday, March 2nd.

On average, analysts expect that BioScrip will report full year sales of $171.79 million for the current year, with estimates ranging from $805.10 million to $808.00 million. For the next financial year, analysts expect that the company will post sales of $722.13 million per share, with estimates ranging from $695.23 million to $734.93 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for BioScrip.

BIOS has been the subject of a number of analyst reports. SunTrust Banks reaffirmed a “buy” rating and issued a $3.00 target price on shares of BioScrip in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of BioScrip from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. ValuEngine raised shares of BioScrip from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, BidaskClub raised shares of BioScrip from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $3.63.

Several institutional investors and hedge funds have recently made changes to their positions in BIOS. Schwab Charles Investment Management Inc. grew its position in shares of BioScrip by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 490,698 shares of the company’s stock valued at $1,333,000 after acquiring an additional 2,622 shares during the period. Bank of New York Mellon Corp grew its position in shares of BioScrip by 6.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 504,459 shares of the company’s stock valued at $1,369,000 after acquiring an additional 28,615 shares during the period. Wells Fargo & Company MN grew its position in shares of BioScrip by 1.0% in the 2nd quarter. Wells Fargo & Company MN now owns 114,810 shares of the company’s stock valued at $312,000 after acquiring an additional 1,100 shares during the period. Alliancebernstein L.P. grew its position in shares of BioScrip by 50.8% in the 2nd quarter. Alliancebernstein L.P. now owns 141,900 shares of the company’s stock valued at $385,000 after acquiring an additional 47,800 shares during the period. Finally, Teachers Advisors LLC grew its position in shares of BioScrip by 10.2% in the 2nd quarter. Teachers Advisors LLC now owns 219,040 shares of the company’s stock valued at $595,000 after acquiring an additional 20,290 shares during the period. 84.28% of the stock is owned by institutional investors.

BioScrip (BIOS) traded down $0.09 during trading on Monday, reaching $2.89. 829,500 shares of the company were exchanged, compared to its average volume of 908,189. The company has a market capitalization of $380.00, a P/E ratio of -4.25 and a beta of 0.19. BioScrip has a 1-year low of $1.35 and a 1-year high of $3.39. The company has a current ratio of 1.91, a quick ratio of 1.60 and a debt-to-equity ratio of -6.11.

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BioScrip Company Profile

BioScrip, Inc is engaged in providing infusion solutions. The Company partners with physicians, hospital systems, skilled nursing facilities, healthcare payors and pharmaceutical manufacturers to provide patients access to post-acute care services. The Company operates through Infusion Services segment.

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Earnings History and Estimates for BioScrip (NASDAQ:BIOS)

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