NYSE:DVAHealthcare
DaVita (DVA) Stock Price Faces Margin Doubts After 17% Sell Off
DaVita stock just endured a 17% single day drop, yet the earnings story that triggered it looks far more measured. The company delivered adjusted earnings per share of US$4.02 in the quarter and reaffirmed full year adjusted earnings guidance around US$14.65. For a healthcare services stock that closed yesterday near US$228 and now trades around US$189, this is a sentiment shock focused less on an earnings miss and more on worries about long term margins and debt.
Is DaVita suddenly a 48% off...