Quipt Home Medical (NASDAQ:QIPT) Posts Quarterly Earnings Results

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

Quipt Home Medical Stock Down 3.2%

NASDAQ:QIPT traded down $0.05 during mid-day trading on Thursday, hitting $1.50. 116,412 shares of the company's stock were exchanged, compared to its average volume of 196,325. Quipt Home Medical has a one year low of $1.46 and a one year high of $4.17. The company has a market cap of $64.64 million, a PE ratio of -8.86 and a beta of 0.65. The business has a fifty day moving average price of $2.17 and a 200 day moving average price of $2.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.22 and a quick ratio of 0.87.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Benchmark reiterated a "buy" rating and issued a $4.00 price target (down previously from $6.00) on shares of Quipt Home Medical in a research note on Wednesday. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $1.70 price objective (down from $4.00) on shares of Quipt Home Medical in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Quipt Home Medical has a consensus rating of "Moderate Buy" and a consensus target price 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.