Spire Healthcare Group (LON:SPI) Releases Quarterly Earnings Results

Spire Healthcare Group (LON:SPI) issued its quarterly earnings results on Wednesday. The company reported GBX (0.50) EPS for the quarter, Digital Look Earnings reports. Spire Healthcare Group had a return on equity of 2.22% and a net margin of 1.04%.

Spire Healthcare Group Stock Performance

Shares of LON:SPI traded up GBX 1 on Wednesday, reaching GBX 246.50. 28,379,076 shares of the company’s stock were exchanged, compared to its average volume of 5,545,009. The business’s 50-day moving average is GBX 237.57 and its two-hundred day moving average is GBX 207.17. The company has a quick ratio of 0.73, a current ratio of 0.63 and a debt-to-equity ratio of 177.14. Spire Healthcare Group has a fifty-two week low of GBX 140.80 and a fifty-two week high of GBX 251.50. The firm has a market capitalization of £987.47 million, a price-to-earnings ratio of 61.62, a PEG ratio of 1.06 and a beta of 0.93.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada cut Spire Healthcare Group to a “sector perform” rating and cut their price objective for the company from GBX 300 to GBX 250 in a research note on Monday, September 7th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 247.50.

About Spire Healthcare Group

Spire Healthcare Group plc, together with its subsidiaries, owns and operates private hospitals and clinics. It offers various treatments in the areas of allergy and infectious diseases, blood tests, bones and joints, bowel treatments, breast screening and surgery, cancer investigations and treatments, cosmetic surgery, cyst removal, and dental surgery, as well as ear, nose, and throat treatments. The company also provides eye surgery and treatments, family planning, gastroenterology, general medicine, general surgery, haematology, hand surgery, hip and knee treatment, and heart and kidney treatments.