Quipt Home Medical (NASDAQ:QIPT) Releases Earnings Results

Quipt Home Medical (NASDAQ:QIPT - Get Free Report) released its quarterly earnings data on Monday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09), Zacks reports. Quipt Home Medical had a negative return on equity of 6.70% and a negative net margin of 2.90%. The company had revenue of $57.40 million during the quarter, compared to analysts' expectations of $88.29 million.

Quipt Home Medical Price Performance

NASDAQ QIPT traded down $0.10 during mid-day trading on Friday, hitting $1.41. The stock had a trading volume of 1,131,931 shares, compared to its average volume of 194,427. The firm's 50 day moving average is $2.12 and its 200 day moving average is $2.54. Quipt Home Medical has a twelve month low of $1.35 and a twelve month high of $4.07. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.22 and a quick ratio of 0.87. The stock has a market capitalization of $60.76 million, a price-to-earnings ratio of -8.29 and a beta of 0.65.

Analysts Set New Price Targets

Several research firms have commented on QIPT. Canaccord Genuity Group restated a "hold" rating and issued a $1.70 price objective (down previously from $4.00) on shares of Quipt Home Medical in a research report on Tuesday. Benchmark restated a "buy" rating and issued a $4.00 price objective (down previously from $6.00) on shares of Quipt Home Medical in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $4.43.

Quipt Home Medical Company Profile

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.