Quipt Home Medical Corp. (NASDAQ:QIPT) Expected to Announce Earnings of $0.02 Per Share

Wall Street brokerages expect Quipt Home Medical Corp. (NASDAQ:QIPT) to announce $0.02 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Quipt Home Medical’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.04. The business is scheduled to announce its next quarterly earnings results on Monday, November 22nd.

On average, analysts expect that Quipt Home Medical will report full-year earnings of ($0.17) per share for the current fiscal year, with EPS estimates ranging from ($0.23) to ($0.11). For the next year, analysts anticipate that the firm will post earnings of $0.36 per share, with EPS estimates ranging from $0.32 to $0.41. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Quipt Home Medical.

Quipt Home Medical (NASDAQ:QIPT) last announced its quarterly earnings results on Sunday, August 22nd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.16. The company had revenue of $26.24 million for the quarter, compared to analyst estimates of $26.80 million. Quipt Home Medical had a negative net margin of 9.03% and a negative return on equity of 0.93%.

A number of research firms have weighed in on QIPT. Zacks Investment Research raised shares of Quipt Home Medical from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a report on Wednesday, October 27th. Raymond James reissued an “outperform” rating and set a $9.00 target price on shares of Quipt Home Medical in a report on Wednesday, August 25th. Finally, Benchmark began coverage on shares of Quipt Home Medical in a report on Wednesday, October 20th. They set a “buy” rating and a $7.50 target price on the stock. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Quipt Home Medical currently has an average rating of “Buy” and a consensus price target of $7.58.

Shares of Quipt Home Medical stock traded down $0.14 during midday trading on Friday, hitting $5.18. 159,696 shares of the company traded hands, compared to its average volume of 65,896. The company has a current ratio of 1.91, a quick ratio of 1.57 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $5.96. Quipt Home Medical has a 12 month low of $4.40 and a 12 month high of $8.40.

Several hedge funds and other institutional investors have recently modified their holdings of QIPT. Alpine Woods Capital Investors LLC acquired a new position in shares of Quipt Home Medical in the 2nd quarter worth approximately $549,000. CLARET ASSET MANAGEMENT Corp acquired a new position in shares of Quipt Home Medical in the 2nd quarter worth approximately $17,171,000. JPMorgan Chase & Co. acquired a new position in shares of Quipt Home Medical in the 2nd quarter worth approximately $210,000. Private Advisor Group LLC acquired a new position in shares of Quipt Home Medical in the 2nd quarter worth approximately $122,000. Finally, Geode Capital Management LLC acquired a new position in shares of Quipt Home Medical in the 2nd quarter worth approximately $86,000. Hedge funds and other institutional investors own 14.97% of the company’s stock.

About Quipt Home Medical

Quipt Home Medical Corp. provides in-home monitoring equipment, supplies, and services for patients in the United States. It offers daily and ambulatory aides; power mobility equipment; BiPAP and CPAP machines, oxygen concentrators, and ventilators; oxygen therapy; sleep apnea and PAP treatment equipment; disease management services; and home ventilator equipment, as well as rents respiratory equipment.

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Earnings History and Estimates for Quipt Home Medical (NASDAQ:QIPT)

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