Wall Street analysts predict that Quorum Health Corp (NYSE:QHC) will post earnings of ($0.27) per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Quorum Health’s earnings. Quorum Health reported earnings of $0.04 per share in the same quarter last year, which would indicate a negative year over year growth rate of 775%. The firm is scheduled to report its next quarterly earnings results after the market closes on Tuesday, March 12th.
On average, analysts expect that Quorum Health will report full-year earnings of ($1.61) per share for the current fiscal year. For the next financial year, analysts forecast that the company will post earnings of ($1.29) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover Quorum Health.
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Separately, Zacks Investment Research lowered Quorum Health from a “hold” rating to a “sell” rating in a research note on Wednesday, November 14th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Quorum Health by 1.0% in the fourth quarter. BlackRock Inc. now owns 3,751,802 shares of the company’s stock worth $10,844,000 after acquiring an additional 35,491 shares during the period. York Capital Management Global Advisors LLC boosted its stake in Quorum Health by 23.7% during the third quarter. York Capital Management Global Advisors LLC now owns 2,621,283 shares of the company’s stock valued at $15,361,000 after buying an additional 502,500 shares during the last quarter. Vanguard Group Inc boosted its stake in Quorum Health by 0.4% during the third quarter. Vanguard Group Inc now owns 1,753,728 shares of the company’s stock valued at $10,276,000 after buying an additional 6,999 shares during the last quarter. Credit Suisse AG boosted its stake in Quorum Health by 159.1% during the third quarter. Credit Suisse AG now owns 883,707 shares of the company’s stock valued at $5,179,000 after buying an additional 542,580 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Quorum Health by 10.7% during the fourth quarter. Acadian Asset Management LLC now owns 879,395 shares of the company’s stock valued at $2,542,000 after buying an additional 85,051 shares during the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE QHC traded down $0.15 during mid-day trading on Friday, reaching $2.38. The company’s stock had a trading volume of 200,424 shares, compared to its average volume of 156,816. The firm has a market cap of $80.08 million, a price-to-earnings ratio of -1.83 and a beta of 2.10. Quorum Health has a 52 week low of $2.27 and a 52 week high of $10.00.
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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