Accendra Health (NYSE:ACH) Posts Quarterly Earnings Results

Accendra Health (NYSE:ACH) announced its quarterly earnings results on Monday. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02, FiscalAI reports. Accendra Health had a negative net margin of 23.32% and a negative return on equity of 50.04%. The company had revenue of $627.78 million for the quarter.

Accendra Health Trading Up 9.8%

NYSE ACH opened at $3.93 on Tuesday. Accendra Health has a 12 month low of $1.84 and a 12 month high of $9.55. The company has a market cap of $300.41 million, a P/E ratio of -0.28, a P/E/G ratio of 2.91 and a beta of 1.70.

Wall Street Analysts Forecast Growth

ACH has been the topic of several analyst reports. Robert W. Baird raised their price target on shares of Accendra Health from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Tuesday. Citigroup reiterated a “buy” rating on shares of Accendra Health in a research note on Tuesday. 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, Weiss Ratings began coverage on shares of Accendra Health in a research note on Wednesday, April 8th. They set a “sell (e+)” rating on the stock. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC acquired a new position in shares of Accendra Health during the first quarter valued at approximately $34,000. Abel Hall LLC bought a new stake in Accendra Health during the first quarter worth approximately $44,000. Keybank National Association OH bought a new stake in Accendra Health during the first quarter worth approximately $46,000. Allspring Global Investments Holdings LLC bought a new stake in Accendra Health during the first quarter worth approximately $239,000. Finally, Strs Ohio bought a new stake in Accendra Health during the first quarter worth approximately $413,000.

About Accendra Health

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.