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NHC · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is National HealthCare Corporation (NHC) stock moving?
NHC fell from a $243.07 close on Oct 22 to a $202.09 low on Nov 2, about 17% lower, then recovered to $208.57 on Nov 10. The Q3 2026 results on Nov 6 showed revenue of $407.97M, up about 6.6% year over year, and adjusted EPS of $1.76 versus $1.58, up about 11%. Adjusted earnings were $28.15M. The Nov 6 session carried 436,342 shares, about 2.5 times the roughly 176k average of the prior 13 sessions, with 22,250 trades, the highest count in the window. The stock closed up 0.6% that day and has since traded in a $202 to $215 range, so the post-earnings reaction was modest. A finanzen.ch headline frames Q3 as a profit decline, which likely reflects GAAP earnings; GAAP figures are not in the provided data, so the conflict cannot be resolved. A quarterly dividend was announced on Nov 5, but its amount is not disclosed in the provided text. The 10-Q filed Nov 5 was not available in full, so its details are not reflected here.
News behind the analysis
- National HealthCare Corporation Reports Third Quarter 2026 Financial ResultsNHC reported Q3 2026 revenue of $407.97M and adjusted earnings of $28.15M. A finanzen.ch headline on the same results describes a fall in Q3 profit, likely on a GAAP basis.
- National Healthcare Q3 Adj. EPS $1.76 Up From $1.58 YoY, Sales $407.971M Up From $382.661M YoYAdjusted EPS rose to $1.76 from $1.58 a year earlier, and sales rose to $407.971M from $382.661M, about 6.6% higher.
- Form 8-K (results of operations, exhibits): Q3 2026 earnings release (Exhibit 99.1)NHC filed an 8-K furnishing its press release on its September 30, 2026 quarter results. The full release is attached as Exhibit 99.1.
- Form 8-K (other events, exhibits): quarterly common dividend announcementNHC announced a quarterly common dividend in a November 5, 2026 press release, attached to an 8-K. The dividend amount is not given in the provided text.
About National Healthcare Corp.
National HealthCare Corporation, based in Murfreesboro, Tennessee, runs skilled nursing facilities, assisted and independent living communities, behavioral health hospitals, and homecare and hospice agencies. It calls itself the nation's oldest publicly traded senior health care company, it trades on NYSE American, and in mid-2026 it bought the real estate of facilities it had leased from National Health Investors (NHI).
How it makes money
Most of its revenue comes from patient care at roughly 80 skilled nursing facilities with about 10,300 beds. That care is paid for largely by Medicare, Medicaid, managed care plans and private payers. More revenue comes from assisted and independent living rents, homecare and hospice, behavioral health hospitals, memory care, pharmacy and rehab services, and fees for managing other operators' facilities. Quarterly revenue was about $408 million in Q2 2026, up about 9% from a year earlier. The company also pays a quarterly dividend of about $0.67 per share.
What usually moves NHC
- Medicare and Medicaid reimbursement rates
- Nursing home occupancy and patient mix
- Staffing availability and wage costs
- Acquisitions and facility real estate deals
- Healthcare regulation and staffing mandates