Quipt Home Medical Corp. (NASDAQ:QIPT – Get Rating) – Investment analysts at Raymond James raised their Q1 2023 earnings estimates for shares of Quipt Home Medical in a research report issued on Wednesday, January 4th. Raymond James analyst R. Sarugaser now anticipates that the company will post earnings per share of $0.10 for the quarter, up from their previous estimate of $0.07. Raymond James has a "Outperform" rating and a $14.00 price target on the stock. The consensus estimate for Quipt Home Medical's current full-year earnings is $0.29 per share. Raymond James also issued estimates for Quipt Home Medical's FY2023 earnings at $0.36 EPS, Q1 2024 earnings at $0.12 EPS, Q2 2024 earnings at $0.13 EPS, Q3 2024 earnings at $0.14 EPS, Q4 2024 earnings at $0.15 EPS, FY2024 earnings at $0.53 EPS, FY2025 earnings at $0.68 EPS and FY2026 earnings at $1.13 EPS.

Quipt Home Medical (NASDAQ:QIPT – Get Rating) last released its quarterly earnings data on Wednesday, December 21st. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. The company had revenue of $40.09 million during the quarter, compared to analysts' expectations of $40.50 million. Quipt Home Medical had a return on equity of 7.13% and a net margin of 3.46%.

Quipt Home Medical Trading Up 3.2 %

Shares of Quipt Home Medical stock opened at $5.54 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.00 and a quick ratio of 0.62. The business has a fifty day simple moving average of $4.51 and a two-hundred day simple moving average of $4.68. Quipt Home Medical has a 1 year low of $3.89 and a 1 year high of $6.00. The company has a market capitalization of $197.25 million, a price-to-earnings ratio of 42.62 and a beta of 0.43.

Hedge Funds Weigh In On Quipt Home Medical

Several institutional investors and hedge funds have recently made changes to their positions in QIPT. Raymond James Financial Services Advisors Inc. boosted its stake in Quipt Home Medical by 13.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 33,100 shares of the company's stock valued at $145,000 after purchasing an additional 4,050 shares during the period. Acadian Asset Management LLC boosted its position in shares of Quipt Home Medical by 1,709,900.0% in the first quarter. Acadian Asset Management LLC now owns 17,100 shares of the company's stock valued at $75,000 after acquiring an additional 17,099 shares during the period. First Manhattan Co. boosted its position in shares of Quipt Home Medical by 56.9% in the first quarter. First Manhattan Co. now owns 951,250 shares of the company's stock valued at $4,175,000 after acquiring an additional 345,000 shares during the period. Royal Bank of Canada grew its stake in shares of Quipt Home Medical by 24.6% in the first quarter. Royal Bank of Canada now owns 12,327 shares of the company's stock valued at $54,000 after acquiring an additional 2,437 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Quipt Home Medical by 59.8% during the first quarter. Bank of America Corp DE now owns 29,641 shares of the company's stock worth $130,000 after acquiring an additional 11,096 shares during the period. Institutional investors and hedge funds own 26.14% of the company's stock.

Quipt Home Medical Company Profile

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Quipt Home Medical Corp. provides in-home medical equipment and supplies, and respiratory and durable medical equipment in the United States. The company also offers management of various chronic disease states focusing on patients with heart and pulmonary disease, sleep disorders, reduced mobility, and other chronic health conditions.

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