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Guardian Pharmacy Services (NYSE:GRDN) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Guardian Pharmacy Services logo with Medical background

Guardian Pharmacy Services (NYSE:GRDN - Get Free Report) posted its earnings results on Monday. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01), Zacks reports. The business had revenue of $329.31 million for the quarter, compared to analysts' expectations of $321.21 million.

Guardian Pharmacy Services Price Performance

GRDN stock traded down $0.30 during mid-day trading on Friday, reaching $24.62. 88,787 shares of the company traded hands, compared to its average volume of 146,109. Guardian Pharmacy Services has a fifty-two week low of $14.16 and a fifty-two week high of $26.91. The firm's 50 day moving average price is $22.74 and its 200 day moving average price is $21.82.

Institutional Investors Weigh In On Guardian Pharmacy Services

A hedge fund recently bought a new stake in Guardian Pharmacy Services stock. Dynamic Technology Lab Private Ltd acquired a new stake in Guardian Pharmacy Services, Inc. (NYSE:GRDN - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,975 shares of the company's stock, valued at approximately $233,000.

Analysts Set New Price Targets

Separately, Truist Financial boosted their target price on shares of Guardian Pharmacy Services from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, April 11th.

Check Out Our Latest Stock Report on GRDN

About Guardian Pharmacy Services

(Get Free Report)

Guardian Pharmacy Services, Inc, a pharmacy service company, provides a suite of technology-enabled services designed to help residents of long-term health care facilities (LTCFs) in the United States. Its individualized clinical, drug dispensing, and administration capabilities are used to serve the needs of residents in lower acuity LTCFs, such as assisted living facilities and behavioral health facilities and group homes.

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