UPDATE: Jefferies Color ON HGR

Hanger Orthopedic HGR reported adjusted 4Q10 EPS of $0.46 (vs. $0.40 consensus) that was driven by a 6.2% increase in same-unit revenue at its patient care division and a 110 bps Y/Y EBIT margin increase, Jefferies reports. “Mgmt guided FY11 EPS to a range of $1.63-$1.68 (vs. $1.58 consensus),” Jefferies writes. Jefferies also raised its PT on Hanger Orthopedics to $28. Hanger Orthopedics closed Wednesday at $22.76.