Hanger Cuts FY13 Outlook - Quick Facts

(RTTNews) - Hanger, Inc. (HGR) Thursday lowered its adjusted earnings outlook for the fiscal year 2013 to a range of $1.94 to $1.96 per share from its previous guidance range of $2.08 to $2.11 per share. Net earnings are forecast in a range of $1.79 and $1.81 per share.

Analysts, based on consensus, currently expect the company to report full-year earnings of $2.10 per share. Analysts' estimates typically exclude special items.

The new guidance reflects operational issues isolated to a small non-clinic unit within the Patient Care segment.

"Despite this unfortunate setback we still anticipate delivering adjusted EPS growth of at least 8 percent for 2013. We remain confident in our core business and expect to deliver adjusted EPS growth of approximately 10% in 2014, " said Vinit Asar, President, CEO.