BrightSpring Health Services (NASDAQ:BTSG) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) issued its quarterly earnings data on Friday. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.10, Zacks reports. The company had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.74 billion. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The business's revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.12 earnings per share. BrightSpring Health Services updated its FY 2025 guidance to EPS.

BrightSpring Health Services Price Performance

Shares of BTSG stock traded up $0.68 on Tuesday, hitting $21.83. 8,770,219 shares of the company's stock were exchanged, compared to its average volume of 1,346,758. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 0.97. The stock has a market cap of $3.82 billion, a P/E ratio of -83.96 and a beta of 2.06. BrightSpring Health Services has a 12 month low of $10.15 and a 12 month high of $24.82. The company has a 50 day moving average of $17.71 and a 200 day moving average of $18.58.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BTSG. UBS Group lifted their target price on BrightSpring Health Services from $22.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Mizuho set a $26.00 price objective on shares of BrightSpring Health Services in a research note on Monday. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, BrightSpring Health Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.33.

About BrightSpring Health Services

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.