Accendra Health (NYSE:ACH) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Accendra Health (NYSE:ACH) posted its earnings results on Monday. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.06), FiscalAI reports. The business had revenue of $613.23 million for the quarter. Accendra Health had a negative return on equity of 13.18% and a negative net margin of 39.84%.

Accendra Health Stock Performance

NYSE ACH opened at $1.40 on Tuesday. Accendra Health has a fifty-two week low of $1.24 and a fifty-two week high of $6.13. The business has a fifty day moving average of $3.17. The firm has a market capitalization of $107.21 million, a PE ratio of -0.10, a price-to-earnings-growth ratio of 4.32 and a beta of 1.58.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Robert W. Baird set a $1.50 price target on Accendra Health in a research report on Tuesday. Citigroup downgraded shares of Accendra Health from a “buy” rating to a “neutral” rating in a research report on Monday. Weiss Ratings cut shares of Accendra Health from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. Zacks Research upgraded shares of Accendra Health from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, UBS Group upped their target price on shares of Accendra Health from $3.00 to $4.50 and gave the company a “neutral” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Paradigm Capital Management Inc. NY purchased a new position in Accendra Health in the first quarter valued at approximately $4,073,000. Strs Ohio purchased a new position in shares of Accendra Health in the 1st quarter valued at $413,000. State of Wyoming acquired a new position in shares of Accendra Health during the 1st quarter valued at $385,000. Renaissance Technologies LLC purchased a new stake in Accendra Health during the 1st quarter worth $725,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Accendra Health in the 1st quarter valued at $52,000.

Accendra Health Company Profile

Accendra Health Inc is a nationwide provider of products, technology, and services that support health beyond the hospital by connecting patients, providers, and insurers. Through its brands, Apria and Byram Healthcare, the company delivers disposable medical supplies, integrated home healthcare equipment, and related services that help improve health outcomes and quality of life for individuals with chronic, complex, and acute health conditions. Its offerings span diabetes treatment, home respiratory therapy, and obstructive sleep apnea treatment, along with patient support services.