Ardent Health Partners (ARDT) to Release Earnings on Wednesday

Ardent Health Partners (NYSE:ARDT) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Ardent Health Partners to post earnings of $0.29 per share for the quarter. Ardent Health Partners has set its FY24 guidance at $1.23-1.37 EPS and its FY 2024 guidance at 1.230-1.370 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Ardent Health Partners (NYSE:ARDT) last issued its earnings results on Wednesday, August 14th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. On average, analysts expect Ardent Health Partners to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ardent Health Partners Stock Performance

Shares of NYSE:ARDT opened at $18.68 on Wednesday. Ardent Health Partners has a 52 week low of $15.00 and a 52 week high of $20.72. The firm has a 50-day moving average price of $18.52. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.65 and a quick ratio of 1.54.

Wall Street Analyst Weigh In

ARDT has been the topic of a number of recent analyst reports. KeyCorp initiated coverage on Ardent Health Partners in a report on Friday, October 11th. They set an “overweight” rating and a $24.00 price objective on the stock. Citigroup initiated coverage on shares of Ardent Health Partners in a report on Monday, August 12th. They issued a “buy” rating and a $21.00 price target for the company. JPMorgan Chase & Co. began coverage on shares of Ardent Health Partners in a research note on Monday, August 12th. They issued a “neutral” rating and a $18.00 price objective for the company. Morgan Stanley initiated coverage on shares of Ardent Health Partners in a research report on Monday, August 12th. They set an “overweight” rating and a $27.00 target price on the stock. Finally, Loop Capital initiated coverage on shares of Ardent Health Partners in a research report on Monday, August 12th. They set a “buy” rating and a $18.00 price target for the company. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $21.91.

Ardent Health Partners Company Profile

Ardent Health Partners, Inc owns and operates a network of hospitals and clinics that provides a range of healthcare services in the United States. It operates acute care hospitals, including rehabilitation hospitals and surgical hospitals. The company was founded in 2001 and is based in Brentwood, Tennessee.