Truist Securiti Research Analysts Reduce Earnings Estimates for agilon health, inc. (NYSE:AGL)

agilon health, inc. (NYSE:AGL) – Investment analysts at Truist Securiti dropped their Q1 2022 earnings per share (EPS) estimates for shares of agilon health in a report issued on Wednesday, October 13th. Truist Securiti analyst D. Macdonald now expects that the company will post earnings of $0.00 per share for the quarter, down from their prior forecast of $0.03. Truist Securiti also issued estimates for agilon health’s Q2 2022 earnings at ($0.01) EPS.

agilon health (NYSE:AGL) last announced its quarterly earnings results on Tuesday, August 3rd. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.74). The business had revenue of $498.96 million for the quarter, compared to the consensus estimate of $473.57 million.

A number of other brokerages have also issued reports on AGL. SVB Leerink started coverage on shares of agilon health in a research report on Monday, September 27th. They issued an “outperform” rating and a $37.00 target price for the company. Cowen began coverage on shares of agilon health in a report on Thursday, September 9th. They issued an “outperform” rating and a $44.00 price objective for the company. Truist Securities dropped their target price on agilon health from $41.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday. Truist decreased their price target on agilon health from $41.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Zacks Investment Research downgraded agilon health from a “hold” rating to a “sell” rating in a research note on Friday, October 8th. One investment analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $40.36.

Shares of AGL opened at $24.08 on Thursday. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.04. agilon health has a one year low of $20.81 and a one year high of $44.83. The company’s fifty day simple moving average is $31.51.

In other news, major shareholder Cd&R Investment Associates Ix, sold 17,904,257 shares of the firm’s stock in a transaction on Tuesday, September 14th. The stock was sold at an average price of $28.98, for a total value of $518,865,367.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven Sell sold 100,000 shares of the stock in a transaction dated Tuesday, September 14th. The stock was sold at an average price of $28.98, for a total value of $2,898,000.00. The disclosure for this sale can be found here. Insiders have sold 18,092,617 shares of company stock worth $524,324,041 over the last ninety days.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Integral Health Asset Management LLC acquired a new stake in agilon health during the second quarter valued at $4,057,000. Morgan Stanley acquired a new stake in shares of agilon health during the 2nd quarter valued at about $314,838,000. Zimmer Partners LP acquired a new stake in shares of agilon health during the 2nd quarter valued at about $4,057,000. Brookfield Asset Management Inc. bought a new stake in shares of agilon health in the 2nd quarter valued at approximately $16,228,000. Finally, Invesco Ltd. acquired a new position in agilon health in the second quarter worth approximately $1,102,000. 84.54% of the stock is currently owned by institutional investors and hedge funds.

agilon health Company Profile

agilon health, inc. offers healthcare services for seniors through primary care physicians in the communities of the United States. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc. in March 2021. The company was founded in 2016 and is based in Long Beach, California.

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Earnings History and Estimates for agilon health (NYSE:AGL)

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