Ardent Health Partners (NYSE:ARDT) Updates FY24 Earnings Guidance

Ardent Health Partners (NYSE:ARDT) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $1.23-1.37 for the period, compared to the consensus EPS estimate of $1.21. The company issued revenue guidance of $5.75-5.90 billion, compared to the consensus revenue estimate of $5.84 billion.

Wall Street Analysts Forecast Growth

ARDT has been the topic of a number of research reports. Citigroup began coverage on Ardent Health Partners in a research note on Monday. They issued a buy rating and a $21.00 price target on the stock. Royal Bank of Canada began coverage on Ardent Health Partners in a research report on Monday. They set an outperform rating and a $23.00 target price on the stock. Leerink Partnrs raised shares of Ardent Health Partners to a strong-buy rating in a research note on Monday. Morgan Stanley assumed coverage on Ardent Health Partners in a research note on Monday. They issued an overweight rating and a $27.00 price target for the company. Finally, Bank of America initiated coverage on Ardent Health Partners in a research report on Monday. They set a buy rating and a $22.00 price objective for the company. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of $21.70.

Ardent Health Partners Trading Down 0.1 %

Shares of ARDT traded down $0.01 during trading hours on Wednesday, hitting $16.00. The stock had a trading volume of 204,359 shares, compared to its average volume of 333,677. Ardent Health Partners has a fifty-two week low of $15.00 and a fifty-two week high of $18.16.

About Ardent Health Partners

We are the fourth largest privately held, for-profit operator of hospitals and a leading provider of healthcare services in the United States(1). We currently operate in eight growing mid-sized urban markets across six states: Texas, Oklahoma, New Mexico, New Jersey, Idaho, and Kansas. We deliver care through a system of 30 acute care hospitals, more than 200 sites of care, and over 1,700 providers that are either employed by or affiliated with us(2), as of March 31, 2024.