Quipt Home Medical Corp. (NASDAQ:QIPT) Forecasted to Post Q3 2024 Earnings of $0.02 Per Share

Quipt Home Medical Corp. (NASDAQ:QIPT) – Equities researchers at Ventum Cap Mkts issued their Q3 2024 earnings per share estimates for Quipt Home Medical in a report released on Tuesday, July 16th. Ventum Cap Mkts analyst S. Quenneville anticipates that the company will earn $0.02 per share for the quarter. Ventum Cap Mkts has a “Strong-Buy” rating on the stock. Ventum Cap Mkts also issued estimates for Quipt Home Medical’s Q4 2024 earnings at $0.04 EPS and FY2024 earnings at $0.02 EPS.

A number of other research firms have also issued reports on QIPT. Eight Capital raised Quipt Home Medical to a “strong-buy” rating in a report on Friday, May 17th. Canaccord Genuity Group dropped their target price on shares of Quipt Home Medical from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Stifel Nicolaus cut their target price on shares of Quipt Home Medical from $10.50 to $9.50 and set a “buy” rating for the company in a research note on Friday, May 17th. Raymond James lowered shares of Quipt Home Medical from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $10.00 to $2.50 in a research report on Friday, May 17th. Finally, Benchmark cut their price objective on shares of Quipt Home Medical from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $7.25.

Quipt Home Medical Trading Up 1.8 %

Quipt Home Medical stock opened at $3.44 on Friday. Quipt Home Medical has a 52 week low of $2.85 and a 52 week high of $6.01. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.79 and a current ratio of 1.14. The firm has a market capitalization of $146.44 million, a PE ratio of -34.40 and a beta of 0.63. The business’s 50-day simple moving average is $3.26 and its 200-day simple moving average is $3.94.

Quipt Home Medical (NASDAQ:QIPT) last posted its earnings results on Wednesday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The firm had revenue of $63.95 million during the quarter, compared to analyst estimates of $64.27 million. Quipt Home Medical had a negative net margin of 1.71% and a negative return on equity of 3.89%.

Institutional Trading of Quipt Home Medical

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its holdings in Quipt Home Medical by 141.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,755 shares of the company’s stock valued at $34,000 after purchasing an additional 3,956 shares in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new stake in Quipt Home Medical in the 1st quarter valued at $50,000. Price T Rowe Associates Inc. MD boosted its stake in Quipt Home Medical by 25.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,829 shares of the company’s stock valued at $57,000 after buying an additional 2,640 shares in the last quarter. Jump Financial LLC bought a new stake in Quipt Home Medical in the fourth quarter valued at $65,000. Finally, SG Americas Securities LLC acquired a new position in Quipt Home Medical during the fourth quarter worth $70,000. Institutional investors own 42.85% of the company’s stock.

Quipt Home Medical Company Profile

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.