-$0.02 Earnings Per Share Expected for R1 RCM Inc (RCM) This Quarter

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Brokerages expect R1 RCM Inc (NASDAQ:RCM) to announce earnings per share of ($0.02) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for R1 RCM’s earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.02). R1 RCM reported earnings per share of ($0.07) in the same quarter last year, which suggests a positive year-over-year growth rate of 71.4%. The business is scheduled to announce its next earnings report on Thursday, August 8th.

On average, analysts expect that R1 RCM will report full year earnings of $0.10 per share for the current year, with EPS estimates ranging from $0.02 to $0.17. For the next year, analysts expect that the business will post earnings of $0.53 per share, with EPS estimates ranging from $0.24 to $0.74. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover R1 RCM.

R1 RCM (NASDAQ:RCM) last released its quarterly earnings results on Thursday, May 9th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $275.90 million for the quarter, compared to the consensus estimate of $266.37 million. R1 RCM had a negative net margin of 2.19% and a negative return on equity of 118.28%. The business’s revenue was up 87.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.26) EPS.

A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of R1 RCM from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Cantor Fitzgerald boosted their price target on shares of R1 RCM from $11.00 to $13.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, Zacks Investment Research downgraded shares of R1 RCM from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $14.20.

Shares of R1 RCM stock traded up $0.09 on Friday, reaching $11.46. The company had a trading volume of 887,690 shares, compared to its average volume of 983,608. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -35.81 and a beta of 0.14. R1 RCM has a 52-week low of $7.10 and a 52-week high of $12.48. The company has a debt-to-equity ratio of 118.26, a quick ratio of 0.93 and a current ratio of 0.93.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc bought a new stake in shares of R1 RCM in the first quarter worth $58,000. Quantamental Technologies LLC acquired a new position in R1 RCM in the first quarter worth $67,000. PNC Financial Services Group Inc. boosted its holdings in R1 RCM by 64.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,463 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 2,926 shares during the period. Hsbc Holdings PLC acquired a new position in R1 RCM in the first quarter worth $103,000. Finally, Bank of Montreal Can boosted its holdings in R1 RCM by 1,501.7% in the fourth quarter. Bank of Montreal Can now owns 11,388 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 10,677 shares during the period. 66.16% of the stock is currently owned by hedge funds and other institutional investors.

R1 RCM Company Profile

R1 RCM Inc provides revenue cycle management (RCM) for healthcare providers in the United States. It offers end-to-end RCM services to manage their revenue cycle operations, which encompass patient registration, insurance and benefit verification, medical treatment documentation and coding, and bill preparation and collection from patients and payers.

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