Enhabit (NYSE:EHAB) Announces Quarterly Earnings Results

Enhabit (NYSE:EHAB) posted its earnings results on Wednesday. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14, FiscalAI reports. Enhabit had a negative net margin of 0.43% and a positive return on equity of 4.67%. The company had revenue of $270.40 million during the quarter, compared to the consensus estimate of $270.56 million.

Enhabit Stock Performance

EHAB opened at $13.61 on Friday. The firm has a market capitalization of $688.76 million, a price-to-earnings ratio of -151.22 and a beta of 1.56. The company’s 50 day simple moving average is $11.05 and its two-hundred day simple moving average is $9.33. Enhabit has a 1-year low of $6.47 and a 1-year high of $13.64. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.58 and a quick ratio of 1.58.

Analyst Ratings Changes

EHAB has been the subject of a number of analyst reports. TD Cowen reissued a “hold” rating and issued a $13.80 price target on shares of Enhabit in a report on Friday. Citigroup restated a “buy” rating on shares of Enhabit in a research report on Tuesday, December 16th. Wolfe Research set a $12.00 price objective on Enhabit in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Enhabit to a “buy” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Enhabit in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.57.

Institutional Investors Weigh In On Enhabit

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Enhabit by 8.2% during the third quarter. Vanguard Group Inc. now owns 3,393,069 shares of the company’s stock worth $27,178,000 after buying an additional 256,559 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Enhabit by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,187,434 shares of the company’s stock worth $10,951,000 after acquiring an additional 11,583 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Enhabit by 30.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 866,539 shares of the company’s stock worth $7,989,000 after acquiring an additional 201,269 shares during the period. Marshall Wace LLP raised its holdings in shares of Enhabit by 59.2% during the 3rd quarter. Marshall Wace LLP now owns 792,981 shares of the company’s stock worth $6,352,000 after acquiring an additional 294,999 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Enhabit by 73.3% during the 3rd quarter. Bank of America Corp DE now owns 687,934 shares of the company’s stock valued at $5,510,000 after acquiring an additional 290,978 shares during the last quarter.

Enhabit Company Profile

Enhabit, Inc (NYSE: EHAB) is a national provider of home-based healthcare services, offering a continuum of care designed to support patients in the comfort of their own homes. The company’s core mission is to deliver personalized clinical and non-clinical services that help individuals recover from illness or injury, manage chronic conditions, and, when necessary, receive compassionate end-of-life care. Enhabit’s business model centers on combining skilled clinical care with patient-centric service coordination to optimize outcomes and enhance the overall care experience.

The company’s service portfolio includes skilled nursing, physical, occupational and speech therapies, personal care assistance, palliative care and hospice services.