-$0.36 Earnings Per Share Expected for Quorum Health Corp (NYSE:QHC) This Quarter

Equities analysts expect that Quorum Health Corp (NYSE:QHC) will post earnings of ($0.36) per share for the current quarter, Zacks reports. Zero analysts have made estimates for Quorum Health’s earnings. Quorum Health posted earnings per share of ($0.35) in the same quarter last year, which indicates a negative year-over-year growth rate of 2.9%. The firm is expected to announce its next earnings report on Wednesday, August 14th.

According to Zacks, analysts expect that Quorum Health will report full year earnings of ($1.51) per share for the current fiscal year. For the next fiscal year, analysts forecast that the firm will post earnings of ($0.95) per share. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Quorum Health.

Quorum Health (NYSE:QHC) last issued its earnings results on Friday, May 10th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.57) by ($0.25). Quorum Health had a negative return on equity of 248.55% and a negative net margin of 7.65%. The business had revenue of $442.80 million during the quarter, compared to the consensus estimate of $467.87 million. During the same period in the prior year, the business earned ($0.80) EPS. The business’s revenue was down 9.0% on a year-over-year basis.

QHC has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Quorum Health from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. ValuEngine cut Quorum Health from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2.00 price target on shares of Quorum Health in a report on Monday, May 13th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund bought a new stake in Quorum Health during the fourth quarter worth approximately $28,000. Alambic Investment Management L.P. bought a new stake in Quorum Health during the fourth quarter worth approximately $58,000. Bank of America Corp DE raised its holdings in Quorum Health by 131.6% during the fourth quarter. Bank of America Corp DE now owns 34,799 shares of the company’s stock worth $101,000 after purchasing an additional 19,773 shares in the last quarter. SG Americas Securities LLC bought a new stake in Quorum Health during the first quarter worth approximately $130,000. Finally, Spark Investment Management LLC raised its holdings in Quorum Health by 34.1% during the first quarter. Spark Investment Management LLC now owns 95,977 shares of the company’s stock worth $134,000 after purchasing an additional 24,418 shares in the last quarter. 85.80% of the stock is currently owned by institutional investors.

Shares of NYSE QHC opened at $1.31 on Friday. The stock has a 50-day simple moving average of $1.86. Quorum Health has a 52-week low of $0.95 and a 52-week high of $6.25. The company has a market capitalization of $41.87 million, a PE ratio of -0.80 and a beta of 2.19.

About Quorum Health

Quorum Health Corporation, together with its subsidiaries, provides hospital and outpatient healthcare services in the United States. Its hospital and outpatient healthcare services include general and acute care, emergency room, general and specialty surgery, critical care, internal medicine, diagnostic, obstetric, psychiatric, and rehabilitation services.

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