Option Care Health (OPCH) Scheduled to Post Earnings on Tuesday

Option Care Health (NASDAQ:OPCH) will post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Option Care Health to post earnings of $0.23 per share for the quarter. Option Care Health has set its FY 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Option Care Health (NASDAQ:OPCH) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. Option Care Health had a return on equity of 18.78% and a net margin of 6.21%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.26 EPS. The business’s revenue was up 9.5% on a year-over-year basis. On average, analysts expect Option Care Health to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Option Care Health Trading Up 0.6 %

Shares of OPCH stock opened at $31.08 on Monday. The firm has a 50-day moving average price of $32.27 and a 200 day moving average price of $31.56. The company has a current ratio of 1.77, a quick ratio of 1.33 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 1.77 and a beta of 1.22. Option Care Health has a twelve month low of $24.23 and a twelve month high of $35.74.

Insider Activity at Option Care Health

In related news, Director Harry M. Jansen Kraemer, Jr. acquired 35,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average cost of $31.55 per share, for a total transaction of $1,104,250.00. Following the completion of the purchase, the director now directly owns 269,528 shares in the company, valued at $8,503,608.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Option Care Health

A number of hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. raised its holdings in Option Care Health by 121.4% during the first quarter. Advisors Asset Management Inc. now owns 1,337 shares of the company’s stock valued at $42,000 after buying an additional 733 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Option Care Health by 1,031.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,562 shares of the company’s stock valued at $50,000 after acquiring an additional 1,424 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Option Care Health by 39.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,236 shares of the company’s stock valued at $70,000 after acquiring an additional 629 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Option Care Health by 1,513.7% in the 4th quarter. International Assets Investment Management LLC now owns 3,066 shares of the company’s stock valued at $103,000 after acquiring an additional 2,876 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Option Care Health by 122.8% in the first quarter. Covestor Ltd now owns 3,610 shares of the company’s stock valued at $103,000 after purchasing an additional 1,990 shares during the period. 98.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barrington Research raised their price target on shares of Option Care Health from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Jefferies Financial Group upped their price target on Option Care Health from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, March 4th.

About Option Care Health

Option Care Health, Inc offers home and alternate site infusion services in the United States. The company provides anti-infective therapies; home infusion services to treat heart failures; home parenteral nutrition and enteral nutrition support services for numerous acute and chronic conditions, such as stroke, cancer, and gastrointestinal diseases; immunoglobulin infusion therapies for the treatment of immune deficiencies; and treatments for chronic inflammatory disorders, including crohn's disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders.