R1 RCM (RCM) Set to Announce Quarterly Earnings on Wednesday

R1 RCM (NASDAQ:RCM - Get Free Report) will release its earnings data before the market opens on Wednesday, May 8th. Analysts expect R1 RCM to post earnings of ($0.05) per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

R1 RCM Stock Performance

RCM stock traded up $0.07 during midday trading on Wednesday, reaching $12.36. 2,064,875 shares of the company's stock traded hands, compared to its average volume of 3,551,034. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.57. The company has a 50-day simple moving average of $12.89 and a two-hundred day simple moving average of $11.41. R1 RCM has a 1-year low of $8.87 and a 1-year high of $18.70.

Wall Street Analyst Weigh In

RCM has been the topic of several recent research reports. Cantor Fitzgerald restated an "overweight" rating and issued a $20.00 price target on shares of R1 RCM in a research report on Wednesday, April 10th. Evercore ISI restated an "in-line" rating and issued a $16.00 price target (up from $12.00) on shares of R1 RCM in a research report on Wednesday, February 28th. Guggenheim reduced their price target on R1 RCM from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, April 5th. Truist Financial reiterated a "hold" rating and set a $16.00 target price on shares of R1 RCM in a report on Monday, April 1st. Finally, Citigroup upgraded R1 RCM from a "neutral" rating to a "buy" rating and set a $16.00 target price on the stock in a report on Wednesday, March 20th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $16.87.

Insider Activity at R1 RCM

In related news, President John M. Sparby sold 10,046 shares of R1 RCM stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $14.33, for a total value of $143,959.18. Following the sale, the president now owns 265,986 shares of the company's stock, valued at $3,811,579.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 36.80% of the stock is owned by company insiders.

About R1 RCM

R1 RCM Inc provides technology-driven solutions for the financial performance and patient experience of health systems, hospitals, and physician groups. It provides operating partnership/end-to-end solutions, which manages multiple aspects of the revenue cycle to realize financial leverage and revenue improvement for hospital and physician customers.