Quipt Home Medical (QIPT) Set to Announce Earnings on Wednesday

Quipt Home Medical (NASDAQ:QIPT) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 15th. Analysts expect the company to announce earnings of $0.01 per share for the quarter.

Quipt Home Medical (NASDAQ:QIPT) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. Quipt Home Medical had a negative net margin of 1.50% and a negative return on equity of 3.57%. The company had revenue of $65.36 million for the quarter, compared to analysts’ expectations of $63.43 million. 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 Stock Up 2.3 %

Quipt Home Medical stock opened at $4.01 on Wednesday. The firm has a market capitalization of $170.71 million, a price-to-earnings ratio of -44.55 and a beta of 0.68. The firm has a 50 day simple moving average of $4.03 and a 200 day simple moving average of $4.50. Quipt Home Medical has a 1-year low of $3.42 and a 1-year high of $6.63. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67.

Wall Street Analysts Forecast Growth

Separately, Raymond James cut Quipt Home Medical from an “outperform” rating to a “market perform” rating and set a $10.00 price objective on the stock. in a report on Friday, February 16th.

Quipt Home Medical Company Profile

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.