Emergency Medical Services Earns $36.8 Million (EMS)

Emergency Medical Services Corp.

released financial results on Tuesday morning that failed to meet Wall Street earnings estimates, while beating revenue expectations. Emergency Medical Services Corp announced that its 3rd quarter net income rose to $36.8 million, or 82 cents per share, up from $28.9 million, or 66 cents per share, a year earlier. Revenue climbed 10.8% $737.2 million, up from $665 million a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 85 cents per share, on revenue of $730.87 million. Chairman and chief executive officer William A. Sanger said, “EMSC continued to generate strong revenue and earnings during the quarter. Revenue at both segments benefited from organic and acquisition growth, and diluted EPS increased by 24.7% in spite of unusual employee medical claims in the quarter. We also strengthened our balance sheet during the quarter and now have $346 million in cash to capitalize on market opportunities.” Emergency Medical Services Corp. (

) finished the previous trading day at $55.06 per share. The consensus price target of analysts covering the company's stock is $64.55 per share. Read more