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

Quipt Home Medical (NASDAQ:QIPT) released its quarterly earnings results on Monday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate 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 Performance

Shares of Quipt Home Medical stock traded up $0.06 during trading hours on Monday, hitting $3.07. 331,045 shares of the company were exchanged, compared to its average volume of 184,882. The company has a current ratio of 1.11, a quick ratio of 0.77 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average of $2.70 and a 200-day moving average of $2.96. Quipt Home Medical has a 1 year low of $2.34 and a 1 year high of $5.29. The stock has a market capitalization of $132.29 million, a price-to-earnings ratio of -27.36 and a beta of 0.62.

Analyst Ratings Changes

Separately, Benchmark reduced their target price on shares of Quipt Home Medical from $9.00 to $7.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Quipt Home Medical presently has an average 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.