Quorum Health (QHC) Expected to Announce Earnings of -$0.43 Per Share

Equities research analysts expect Quorum Health (NYSE:QHC) to report ($0.43) earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Quorum Health’s earnings. Quorum Health reported earnings per share of ($0.42) during the same quarter last year, which suggests a negative year over year growth rate of 2.4%. The business is scheduled to issue its next quarterly earnings results on Wednesday, August 8th.

According to Zacks, analysts expect that Quorum Health will report full year earnings of ($1.68) per share for the current financial year. For the next year, analysts expect that the company will post earnings of ($1.19) per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Quorum Health.

Quorum Health (NYSE:QHC) last issued its earnings results on Wednesday, May 9th. The company reported ($0.80) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.32). The company had revenue of $486.80 million for the quarter, compared to analysts’ expectations of $467.80 million. Quorum Health had a negative net margin of 9.14% and a negative return on equity of 46.79%. The company’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.99) earnings per share.

Several brokerages have recently issued reports on QHC. Zacks Investment Research lowered Quorum Health from a “hold” rating to a “sell” rating in a research report on Wednesday, April 18th. ValuEngine raised Quorum Health from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $4.05.

Large investors have recently made changes to their positions in the company. Koch Industries Inc. bought a new position in shares of Quorum Health in the 1st quarter worth approximately $103,000. Trustcore Financial Services LLC bought a new position in shares of Quorum Health in the 4th quarter worth approximately $169,000. Wells Fargo & Company MN raised its position in shares of Quorum Health by 151.2% in the 4th quarter. Wells Fargo & Company MN now owns 27,996 shares of the company’s stock worth $175,000 after acquiring an additional 16,849 shares in the last quarter. Element Capital Management LLC bought a new position in shares of Quorum Health in the 1st quarter worth approximately $194,000. Finally, Citadel Advisors LLC raised its position in shares of Quorum Health by 150.5% in the 4th quarter. Citadel Advisors LLC now owns 31,933 shares of the company’s stock worth $199,000 after acquiring an additional 19,183 shares in the last quarter. 85.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Quorum Health traded up $0.06, hitting $4.86, during trading on Thursday, Marketbeat Ratings reports. The stock had a trading volume of 336,800 shares, compared to its average volume of 330,605. Quorum Health has a 12 month low of $4.89 and a 12 month high of $5.05. The firm has a market capitalization of $149.69 million, a P/E ratio of -3.72 and a beta of 1.72. The company has a debt-to-equity ratio of 76.50, a quick ratio of 1.51 and a current ratio of 1.64.

Quorum Health Company Profile

Quorum Health Corporation provides hospital and outpatient healthcare services in the United States. Its hospital and outpatient healthcare services include general and acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetric, diagnostic, psychiatric, and rehabilitation services.

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