Quipt Home Medical (QIPT) Set to Announce Earnings on Wednesday

Quipt Home Medical (NASDAQ:QIPT) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 15th. Analysts expect the company to announce earnings of $0.01 per share for the quarter.

Quipt Home Medical (NASDAQ:QIPT) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. Quipt Home Medical had a negative return on equity of 3.57% and a negative net margin of 1.50%. The business had revenue of $65.36 million for the quarter, compared to analyst estimates of $63.43 million. On average, analysts expect Quipt Home Medical to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Quipt Home Medical Price Performance

Quipt Home Medical stock opened at $4.01 on Wednesday. The business’s fifty day moving average is $4.03 and its two-hundred day moving average is $4.50. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.13. The firm has a market cap of $170.71 million, a P/E ratio of -44.55 and a beta of 0.68. Quipt Home Medical has a 52 week low of $3.42 and a 52 week high of $6.63.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered shares of Quipt Home Medical from an “outperform” rating to a “market perform” rating and set a $10.00 price objective on the stock. in a report on Friday, February 16th.

About Quipt Home Medical

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.