Viemed Healthcare (NASDAQ:VMD) Announces Earnings Results

Viemed Healthcare (NASDAQ:VMD) announced its earnings results on Wednesday. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01), FiscalAI reports. The business had revenue of $80.67 million for the quarter, compared to analysts’ expectations of $80.78 million. Viemed Healthcare had a net margin of 4.81% and a return on equity of 10.16%.

Viemed Healthcare Price Performance

Shares of VMD traded up $0.66 during midday trading on Wednesday, reaching $10.11. The stock had a trading volume of 235,161 shares, compared to its average volume of 284,665. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $385.09 million, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 2.28 and a beta of 1.05. The company’s 50-day moving average is $9.24 and its 200 day moving average is $9.56. Viemed Healthcare has a 12-month low of $6.05 and a 12-month high of $12.61.

Analysts Set New Price Targets

VMD has been the topic of a number of research analyst reports. Barrington Research assumed coverage on shares of Viemed Healthcare in a research note on Monday, August 24th. They issued an “outperform” rating and a $14.00 target price on the stock. Freedom Capital cut shares of Viemed Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Weiss Ratings downgraded Viemed Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Finally, Wall Street Zen lowered shares of Viemed Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.00.

About Viemed Healthcare

Viemed Healthcare, Inc (NASDAQ: VMD) is a U.S. healthcare company that provides in-home medical equipment and clinical services for patients with chronic respiratory and other complex medical conditions. Its services are designed to help patients receive care at home while supporting hospitals and clinicians in managing ongoing conditions.

The company’s offerings include non-invasive ventilation, oxygen therapy, sleep-apnea equipment, respiratory therapy, remote patient monitoring and related durable medical equipment.