Pediatrix Medical Group (NYSE:MD) Posts Quarterly Earnings Results

Pediatrix Medical Group (NYSE:MDGet Rating) issued its earnings results on Thursday. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04, Briefing.com reports. The company had revenue of $486.00 million for the quarter, compared to analyst estimates of $491.54 million. Pediatrix Medical Group had a net margin of 4.30% and a return on equity of 16.15%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS.

Pediatrix Medical Group Trading Up 1.7 %

Shares of NYSE MD traded up $0.32 on Friday, reaching $19.68. 1,443,245 shares of the company traded hands, compared to its average volume of 671,328. Pediatrix Medical Group has a fifty-two week low of $17.17 and a fifty-two week high of $35.67. The company has a 50 day moving average of $21.27 and a 200 day moving average of $22.13. The company has a current ratio of 1.60, a quick ratio of 1.63 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $1.72 billion, a PE ratio of 20.08, a P/E/G ratio of 1.20 and a beta of 1.84.

Institutional Trading of Pediatrix Medical Group

A number of institutional investors have recently modified their holdings of MD. Bank of America Corp DE boosted its holdings in Pediatrix Medical Group by 0.3% in the 1st quarter. Bank of America Corp DE now owns 278,204 shares of the company’s stock worth $6,532,000 after acquiring an additional 933 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Pediatrix Medical Group by 10.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 22,466 shares of the company’s stock worth $527,000 after acquiring an additional 2,081 shares during the period. Sei Investments Co. boosted its holdings in Pediatrix Medical Group by 2.8% in the 1st quarter. Sei Investments Co. now owns 136,571 shares of the company’s stock worth $3,206,000 after acquiring an additional 3,764 shares during the period. Natixis Advisors L.P. boosted its holdings in Pediatrix Medical Group by 35.3% in the 1st quarter. Natixis Advisors L.P. now owns 19,578 shares of the company’s stock worth $460,000 after acquiring an additional 5,107 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in shares of Pediatrix Medical Group by 831.3% during the 1st quarter. Acadian Asset Management LLC now owns 7,311 shares of the company’s stock valued at $171,000 after buying an additional 6,526 shares during the last quarter. Hedge funds and other institutional investors own 95.68% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on MD. Mizuho decreased their target price on shares of Pediatrix Medical Group from $28.00 to $23.00 in a research report on Monday, May 2nd. StockNews.com lowered shares of Pediatrix Medical Group from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. TheStreet downgraded shares of Pediatrix Medical Group from a “b-” rating to a “c+” rating in a research note on Wednesday, April 13th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Pediatrix Medical Group from $24.00 to $16.00 in a research note on Tuesday, May 10th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Pediatrix Medical Group presently has an average rating of “Hold” and a consensus target price of $26.50.

About Pediatrix Medical Group

(Get Rating)

Pediatrix Medical Group, Inc, together with its subsidiaries, provides newborn, maternal-fetal, pediatric cardiology, and other pediatric subspecialty care services in the United States and Puerto Rico. It offers neonatal care services, such as clinical care to babies born prematurely or with complications within specific units at hospitals through neonatal physician subspecialists, neonatal nurse practitioners, and other pediatric clinicians.

Featured Articles

Earnings History for Pediatrix Medical Group (NYSE:MD)

Receive News & Ratings for Pediatrix Medical Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pediatrix Medical Group and related companies with MarketBeat.com's FREE daily email newsletter.