Aveanna Healthcare (NASDAQ:AVAH) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Aveanna Healthcare (NASDAQ:AVAH - Get Free Report) announced its earnings results on Thursday. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.01, Zacks reports. The firm had revenue of $490.65 million for the quarter, compared to analysts' expectations of $485.05 million. During the same quarter last year, the business earned ($0.06) earnings per share. Aveanna Healthcare updated its FY 2024 guidance to EPS.

Aveanna Healthcare Price Performance

Shares of Aveanna Healthcare stock traded up $0.02 during trading on Friday, hitting $2.50. 37,839 shares of the stock were exchanged, compared to its average volume of 92,541. Aveanna Healthcare has a 12-month low of $0.85 and a 12-month high of $3.00. The stock has a market cap of $480.95 million, a price-to-earnings ratio of -3.51 and a beta of 2.02. The firm's 50-day moving average price is $2.37 and its 200 day moving average price is $2.31.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upped their target price on shares of Aveanna Healthcare from $2.00 to $3.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $1.80.

Aveanna Healthcare Company Profile

Aveanna Healthcare Holdings Inc, a diversified home care platform company, provides pediatric and adult healthcare services in the United States. Its patient-centered care delivery platform allows patients to remain in their homes and minimizes the overutilization of high-cost care settings, such as hospitals or skilled nursing facilities.