Viemed Healthcare (NASDAQ:VMD) Posts Quarterly Earnings Results, Meets Estimates

Key Points

• Viemed Healthcare reported quarterly earnings of $0.08 per share, meeting analysts' estimates, with revenues of $63.06 million slightly below expectations of $63.50 million.
• The company's stock increased by 1.9% to $7.10, along with a market cap of $280.39 million and a PE ratio of 20.85.
• Insiders currently own 20.00% of the stock, with significant recent activity including the sale of 34,100 shares by Director Nitin Kaushal.

Viemed Healthcare (NASDAQ:VMD - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.08, Zacks reports. The business had revenue of $63.06 million for the quarter, compared to analysts' expectations of $63.50 million. Viemed Healthcare had a return on equity of 10.56% and a net margin of 5.80%.

Viemed Healthcare Trading Up 1.9%

VMD stock traded up $0.14 on Friday, reaching $7.10. The company's stock had a trading volume of 270,308 shares, compared to its average volume of 165,651. The firm has a market cap of $280.39 million, a PE ratio of 20.85 and a beta of 1.33. The business has a fifty day simple moving average of $6.66 and a two-hundred day simple moving average of $7.09. Viemed Healthcare has a 12-month low of $5.93 and a 12-month high of $9.81. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.26 and a current ratio of 1.38.

Insider Activity at Viemed Healthcare

In other Viemed Healthcare news, Director Nitin Kaushal sold 34,100 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $7.01, for a total transaction of $239,041.00. Following the completion of the transaction, the director owned 126,843 shares of the company's stock, valued at approximately $889,169.43. This trade represents a 21.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 20.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VMD. Geode Capital Management LLC raised its holdings in shares of Viemed Healthcare by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 798,515 shares of the company's stock worth $5,519,000 after acquiring an additional 15,353 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Viemed Healthcare during the 1st quarter valued at about $394,000. Finally, AQR Capital Management LLC bought a new position in shares of Viemed Healthcare in the 1st quarter valued at about $90,000. 74.24% of the stock is owned by institutional investors.

Viemed Healthcare Company Profile

Viemed Healthcare, Inc, together with its subsidiaries, provides home medical equipment (HME) and post-acute respiratory healthcare services to patients in the United States. It provides respiratory disease management solutions, including treatment of chronic obstructive pulmonary disease (COPD), which include non-invasive ventilation, percussion vests, and other therapies; and invasive and non-invasive ventilation and related equipment and supplies to patients suffering from COPD.

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