Pediatrix Medical Group (NYSE:MD) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Pediatrix Medical Group (NYSE:MD) posted its earnings results on Thursday. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.12, Zacks reports. Pediatrix Medical Group had a positive return on equity of 12.79% and a negative net margin of 12.65%.

Pediatrix Medical Group Trading Up 22.2 %

MD stock opened at $17.24 on Friday. Pediatrix Medical Group has a 52-week low of $6.62 and a 52-week high of $17.67. The stock’s fifty day simple moving average is $13.86 and its 200-day simple moving average is $12.91. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.42 and a current ratio of 1.42.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MD. Truist Financial reduced their target price on Pediatrix Medical Group from $16.00 to $15.00 and set a “hold” rating for the company in a report on Monday, January 6th. UBS Group increased their target price on Pediatrix Medical Group from $10.50 to $16.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Mizuho increased their target price on Pediatrix Medical Group from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their price target on Pediatrix Medical Group from $9.00 to $15.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group upped their price target on Pediatrix Medical Group from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.25.

Pediatrix Medical Group Company Profile

Pediatrix Medical Group, Inc, together with its subsidiaries, provides newborn, maternal-fetal, pediatric cardiology, and other pediatric subspecialty care services in the United States. It offers neonatal care services, such as clinical care to babies born prematurely or with complications within specific units at hospitals through neonatal physician subspecialists, neonatal nurse practitioners, and other pediatric clinicians.