Viemed Healthcare (NASDAQ:VMD) Issues Earnings Results

Viemed Healthcare (NASDAQ:VMDGet Free Report) posted its quarterly earnings results on Monday. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05), FiscalAI reports. Viemed Healthcare had a net margin of 5.20% and a return on equity of 10.52%. The business had revenue of $78.10 million during the quarter, compared to the consensus estimate of $78.00 million.

Viemed Healthcare Stock Up 0.2%

VMD traded up $0.02 during trading on Monday, hitting $11.69. The stock had a trading volume of 400,989 shares, compared to its average volume of 267,900. The company has a market capitalization of $448.16 million, a PE ratio of 31.59 and a beta of 1.10. Viemed Healthcare has a twelve month low of $5.96 and a twelve month high of $12.61. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.10 and a current ratio of 1.22. The stock has a 50 day simple moving average of $11.12 and a two-hundred day simple moving average of $9.66.

Insider Activity

In related news, Director Timothy Smokoff sold 20,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $11.50, for a total transaction of $230,000.00. Following the transaction, the director directly owned 75,518 shares of the company’s stock, valued at $868,457. This represents a 20.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider William Frazier sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $11.72, for a total value of $117,200.00. Following the completion of the sale, the insider directly owned 73,214 shares of the company’s stock, valued at approximately $858,068.08. This represents a 12.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 20.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VMD. Kemnay Advisory Services Inc. acquired a new stake in shares of Viemed Healthcare during the fourth quarter worth $46,000. Quarry LP purchased a new position in Viemed Healthcare in the 3rd quarter worth $48,000. AQR Capital Management LLC purchased a new position in Viemed Healthcare in the 1st quarter worth $90,000. MetLife Investment Management LLC lifted its position in Viemed Healthcare by 52.7% during the 4th quarter. MetLife Investment Management LLC now owns 18,565 shares of the company’s stock worth $138,000 after acquiring an additional 6,408 shares during the period. Finally, Invesco Ltd. lifted its position in Viemed Healthcare by 25.5% during the 2nd quarter. Invesco Ltd. now owns 18,652 shares of the company’s stock worth $129,000 after acquiring an additional 3,795 shares during the period. Hedge funds and other institutional investors own 74.24% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Viemed Healthcare in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Get Our Latest Analysis on VMD

About Viemed Healthcare

(Get Free Report)

Viemed Healthcare, Inc (NASDAQ: VMD) is a provider of home-based respiratory therapy services, specializing in the management of patients requiring long-term mechanical ventilation and pulmonary support. The company’s offerings encompass invasive and noninvasive ventilation, airway clearance therapies, cough assist devices, and supplemental oxygen. Viemed combines durable medical equipment with clinical care, delivering tailored respiratory treatment plans that are overseen by licensed respiratory therapists and registered nurses.

Founded in the early 2010s and headquartered in Birmingham, Alabama, Viemed has grown its footprint to serve patients across multiple states in the United States.

See Also

Earnings History for Viemed Healthcare (NASDAQ:VMD)

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