Alignment Healthcare (NASDAQ:ALHC – Get Free Report) posted its earnings results on Thursday. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.01, Briefing.com reports. The company had revenue of $681.29 million during the quarter, compared to analyst estimates of $637.66 million. Alignment Healthcare had a negative return on equity of 95.55% and a negative net margin of 6.85%. The company’s revenue for the quarter was up 47.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.15) EPS. Alignment Healthcare updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.
Alignment Healthcare Stock Up 3.7 %
Shares of NASDAQ:ALHC opened at $8.94 on Friday. The business’s 50-day moving average is $8.31 and its 200-day moving average is $6.76. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.57 and a quick ratio of 1.57. Alignment Healthcare has a 1 year low of $4.46 and a 1 year high of $10.16.
Insider Transactions at Alignment Healthcare
In other Alignment Healthcare news, insider Christopher J. Joyce sold 16,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $8.01, for a total value of $128,160.00. Following the completion of the sale, the insider now directly owns 422,912 shares in the company, valued at $3,387,525.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Christopher J. Joyce sold 16,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $8.01, for a total value of $128,160.00. Following the transaction, the insider now owns 422,912 shares in the company, valued at approximately $3,387,525.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher J. Joyce sold 15,034 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $9.05, for a total value of $136,057.70. Following the sale, the insider now directly owns 406,912 shares in the company, valued at $3,682,553.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 225,221 shares of company stock worth $2,142,155. Insiders own 6.60% of the company’s stock.
Analyst Ratings Changes
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Alignment Healthcare Company Profile
Alignment Healthcare, Inc, a tech-enabled Medicare advantage company, operates consumer-centric health care platform for seniors in the United States. It provides customized health care designed to meet the needs of a diverse array of seniors through its Medicare advantage plans. The company was founded in 2013 and is based in Orange, California.
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