Below are the three companies in the Health Care Services industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.
Gentiva Health Services (NASDAQ:GTIV) is highest with forward earnings yield of 12.8%. Gentiva Health Services, Inc. is the nation's largest provider of home health and hospice services based on revenue, delivering innovative, high quality care to patients across the United States. Gentiva is a single source for skilled nursing; physical, occupational, speech and neurorehabilitation services; hospice services; social work; nutrition; disease management education; help with daily living activities; and other therapies and services.
Gentiva Health Services share prices have moved between a 52-week high of $29.21 and a 52-week low of $2.81 and are now trading 257% above that low price at $10.02 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 1.5%.
Concord Medical Services Holdings (NYSE:CCM) is next with forward earnings yield of 11.7%.
Finishing up the top three is Omnicare (NYSE:OCR), with forward earnings yield of 9.3%.