Park Dental Partners (NASDAQ:PARK) Announces Quarterly Earnings Results

Key Points

• Park Dental Partners reported quarterly EPS of $0.31, exceeding the consensus estimate of $0.04 by $0.27.
• Shares rose to $20.89 during Wednesday trading, with the company valued at approximately $94.4 million; the stock remains near its 52-week high of $22.67.
• Analyst sentiment is mixed but leans positive, with an overall “Moderate Buy” rating and an average price target of $21.75. Several institutional investors, including Kennedy Capital Management and Heartland Advisors, recently established positions.

Park Dental Partners (NASDAQ:PARK - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.27, Zacks reports.

Park Dental Partners Price Performance

Park Dental Partners stock traded up $0.09 during midday trading on Wednesday, reaching $20.89. The company's stock had a trading volume of 17,072 shares, compared to its average volume of 33,108. The firm has a market capitalization of $94.42 million and a PE ratio of 28.23. Park Dental Partners has a fifty-two week low of $9.53 and a fifty-two week high of $22.67. The stock's 50 day simple moving average is $19.36 and its 200 day simple moving average is $18.47. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.07 and a current ratio of 1.07.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Zacks Research downgraded shares of Park Dental Partners from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 3rd. Weiss Ratings upgraded shares of Park Dental Partners from a "sell (e)" rating to a "sell (e+)" rating in a research report on Tuesday, June 9th. Finally, Wall Street Zen lowered Park Dental Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Park Dental Partners has an average rating of "Moderate Buy" and an average price target of $21.75.

Institutional Trading of Park Dental Partners

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kennedy Capital Management LLC acquired a new position in Park Dental Partners during the fourth quarter worth about $3,478,000. Heartland Advisors Inc. purchased a new stake in shares of Park Dental Partners during the 4th quarter worth approximately $2,251,000. Russell Investments Group Ltd. acquired a new stake in shares of Park Dental Partners in the 4th quarter worth approximately $1,522,000. Finally, Boston Partners acquired a new stake in shares of Park Dental Partners in the 4th quarter worth approximately $576,000.

Park Dental Partners Company Profile

Park Dental Partners NASDAQ: PARK is a dental support organization that provides business and administrative services to affiliated dental practices. The company focuses on enabling dental clinicians to concentrate on patient care by delivering centralized non-clinical functions that support day-to-day operations and practice growth.

Services typically offered by Park Dental Partners include practice management, billing and revenue cycle management, procurement and supply-chain support, information technology, human resources, marketing and patient acquisition, and regulatory and compliance assistance.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source