Quipt Home Medical (NASDAQ:QIPT) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Quipt Home Medical (NASDAQ:QIPT) announced its quarterly earnings data on Monday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.08), Zacks reports. Quipt Home Medical had a negative net margin of 1.95% and a negative return on equity of 4.51%.

Quipt Home Medical Stock Up 2.0 %

Quipt Home Medical stock opened at $3.07 on Tuesday. The company has a market capitalization of $132.29 million, a PE ratio of -27.91 and a beta of 0.62. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.77 and a current ratio of 1.11. Quipt Home Medical has a fifty-two week low of $2.34 and a fifty-two week high of $5.29. The firm has a 50 day moving average price of $2.70 and a 200 day moving average price of $2.96.

Analyst Ratings Changes

Separately, Benchmark dropped their price target on shares of Quipt Home Medical from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $6.25.

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.