Viemed Healthcare (NASDAQ:VMD) Announces Quarterly Earnings Results

Viemed Healthcare (NASDAQ:VMD) announced its quarterly earnings data on Wednesday. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01), FiscalAI reports. The company had revenue of $80.67 million during the quarter, compared to the consensus estimate of $80.78 million. Viemed Healthcare had a net margin of 4.81% and a return on equity of 10.16%.

Viemed Healthcare Stock Up 7.0%

Shares of VMD stock traded up $0.66 during midday trading on Wednesday, reaching $10.11. 235,161 shares of the stock were exchanged, compared to its average volume of 284,665. Viemed Healthcare has a 1 year low of $6.05 and a 1 year high of $12.61. The company’s 50 day moving average is $9.24 and its two-hundred day moving average is $9.56. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a market cap of $385.09 million, a PE ratio of 28.08, a price-to-earnings-growth ratio of 2.28 and a beta of 1.05.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Viemed Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Wall Street Zen lowered shares of Viemed Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Freedom Capital cut shares of Viemed Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Barrington Research assumed coverage on shares of Viemed Healthcare in a research note on Monday, August 24th. They set an “outperform” rating and a $14.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Viemed Healthcare presently has a consensus rating of “Hold” and an average price target of $14.00.

About Viemed Healthcare

Viemed Healthcare, Inc (NASDAQ: VMD) is a U.S. healthcare company that provides in-home medical equipment and clinical services for patients with chronic respiratory and other complex medical conditions. Its services are designed to help patients receive care at home while supporting hospitals and clinicians in managing ongoing conditions.

The company’s offerings include non-invasive ventilation, oxygen therapy, sleep-apnea equipment, respiratory therapy, remote patient monitoring and related durable medical equipment.