Quorum Health (NYSE:QHC) posted its quarterly earnings results on Thursday, March 15th. The company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02, Briefing.com reports. Quorum Health had a negative return on equity of 34.01% and a negative net margin of 5.51%. The firm had revenue of $515.10 million during the quarter, compared to the consensus estimate of $502.75 million. During the same period last year, the company earned ($1.02) earnings per share. The business’s revenue was up .0% compared to the same quarter last year.
Shares of NYSE:QHC traded up $0.05 during trading on Friday, hitting $9.80. 316,757 shares of the company were exchanged, compared to its average volume of 516,040. The company has a debt-to-equity ratio of 10.69, a current ratio of 1.62 and a quick ratio of 1.47. Quorum Health has a 52-week low of $2.54 and a 52-week high of $9.95. The company has a market cap of $295.39, a P/E ratio of -7.54 and a beta of 1.61.
A number of equities research analysts recently weighed in on the company. ValuEngine raised Quorum Health from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research downgraded Quorum Health from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. Finally, Morgan Stanley raised Quorum Health from an “underweight” rating to an “equal weight” rating and set a $3.00 price objective for the company in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $4.05.
COPYRIGHT VIOLATION WARNING: “Quorum Health (NYSE:QHC) Issues Earnings Results” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright legislation. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/04/07/quorum-health-qhc-posts-earnings-results-beats-expectations-by-0-02-eps.html.
About Quorum Health
Quorum Health Corporation is an operator and manager of general acute care hospitals and outpatient services in the United States. The Company operates in two segments: Hospital operations, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services, and hospital management advisory and consulting services, which includes Quorum Health Resources, LLC (QHR).
Receive News & Ratings for Quorum Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quorum Health and related companies with MarketBeat.com's FREE daily email newsletter.