LHC Group (NASDAQ:LHCG) EPS Estimates Lowered by Jefferies (NYSE:JEF)

Saying the downwardly revised EPS estimate on LHC Group (NASDAQ:LHCG) is strictly technical and related to reimbursements, Jefferies (NYSE:JEF) lowered EPS for full year 2010.

They explained, "Today's revision to our FY10 EPS estimate is a strictly technical, reimbursement-related one and does not reflect weakening fundamentals at LHCG. On the contrary, we are raising our FY11 EPS estimate to reflect likely prospects of improved margins from drop sites and cost efficiencies."

Full year revenue, and EBITDA estimates were lowered to $2.72, $633.2M, and $88.4 from $2.78, $635M, and $90.2. Also changed were their estimates for full year 11 to $2.57, $648.3M, and $85.5 from $2.54, $686.3M, and $84.6.

Jefferies reiterates their "Buy" rating on LHC, which closed Monday at $24.25, losing $0.49, or 1.98 percent. They have a price target of $32 on the company.