Quipt Home Medical (QIPT) Scheduled to Post Quarterly Earnings on Wednesday

Quipt Home Medical (NASDAQ:QIPTGet Free Report) will announce its earnings results after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.

Quipt Home Medical (NASDAQ:QIPTGet Free Report) last posted its quarterly earnings results on Monday, December 18th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The business had revenue of $62.52 million for the quarter, compared to the consensus estimate of $63.60 million. Quipt Home Medical had a negative return on equity of 2.90% and a negative net margin of 1.26%. On average, analysts expect Quipt Home Medical to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Quipt Home Medical Trading Up 5.1 %

QIPT opened at $4.91 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.08 and a quick ratio of 0.78. The company has a market cap of $206.71 million, a price-to-earnings ratio of -70.13 and a beta of 0.66. The firm has a 50 day simple moving average of $4.78 and a 200 day simple moving average of $5.00. Quipt Home Medical has a fifty-two week low of $4.31 and a fifty-two week high of $7.26.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a “buy” rating and set a $10.00 price target on shares of Quipt Home Medical in a research note on Wednesday, December 20th.

View Our Latest Report on QIPT

Institutional Investors Weigh In On Quipt Home Medical

A number of institutional investors and hedge funds have recently modified their holdings of QIPT. Royal Bank of Canada grew its holdings in Quipt Home Medical by 24.6% during the first quarter. Royal Bank of Canada now owns 12,327 shares of the company’s stock valued at $54,000 after purchasing an additional 2,437 shares during the period. BlackRock Inc. grew its holdings in Quipt Home Medical by 3.3% during the first quarter. BlackRock Inc. now owns 76,261 shares of the company’s stock valued at $535,000 after purchasing an additional 2,466 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Quipt Home Medical by 13.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 33,100 shares of the company’s stock valued at $145,000 after purchasing an additional 4,050 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Quipt Home Medical during the first quarter valued at approximately $34,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Quipt Home Medical by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 97,906 shares of the company’s stock valued at $498,000 after purchasing an additional 5,675 shares during the period. 40.96% of the stock is owned by institutional investors.

About Quipt Home Medical

(Get Free Report)

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.

Further Reading

Earnings History for Quipt Home Medical (NASDAQ:QIPT)

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