Zacks: Analysts Anticipate R1 RCM Inc. (NASDAQ:RCM) Will Post Quarterly Sales of $337.85 Million


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Equities analysts expect R1 RCM Inc. (NASDAQ:RCM) to report sales of $337.85 million for the current quarter, according to Zacks. Two analysts have made estimates for R1 RCM’s earnings, with the highest sales estimate coming in at $338.30 million and the lowest estimate coming in at $337.40 million. R1 RCM reported sales of $320.50 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.4%. The firm is expected to issue its next earnings report on Tuesday, May 4th.

According to Zacks, analysts expect that R1 RCM will report full year sales of $1.45 billion for the current fiscal year, with estimates ranging from $1.44 billion to $1.46 billion. For the next year, analysts expect that the firm will post sales of $1.67 billion, with estimates ranging from $1.65 billion to $1.70 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for R1 RCM.

R1 RCM (NASDAQ:RCM) last released its quarterly earnings results on Thursday, February 18th. The healthcare provider reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. R1 RCM had a net margin of 3.69% and a return on equity of 117.07%. The company had revenue of $328.40 million for the quarter, compared to analyst estimates of $316.65 million.

RCM has been the topic of a number of research reports. KeyCorp boosted their target price on shares of R1 RCM from $27.00 to $35.00 in a research report on Tuesday, February 16th. Cowen boosted their target price on shares of R1 RCM from $22.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 9th. Finally, Zacks Investment Research lowered shares of R1 RCM from a “hold” rating to a “sell” rating in a research report on Wednesday, March 17th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $25.67.

NASDAQ:RCM opened at $25.83 on Friday. R1 RCM has a 12 month low of $8.34 and a 12 month high of $31.28. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 287.03, a P/E/G ratio of 4.00 and a beta of 0.91. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 8.74. The company’s 50 day moving average is $25.71 and its 200-day moving average is $23.22.

In other news, insider Gary Steven Long sold 5,837 shares of the business’s stock in a transaction on Monday, April 5th. The shares were sold at an average price of $25.13, for a total value of $146,683.81. Following the sale, the insider now owns 214,436 shares in the company, valued at approximately $5,388,776.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John M. Sparby sold 10,461 shares of the business’s stock in a transaction on Monday, February 22nd. The shares were sold at an average price of $28.07, for a total transaction of $293,640.27. Following the completion of the sale, the chief operating officer now owns 310,854 shares in the company, valued at approximately $8,725,671.78. The disclosure for this sale can be found here. Insiders sold a total of 149,761 shares of company stock worth $4,056,071 in the last three months. Insiders own 59.40% of the company’s stock.

Several large investors have recently modified their holdings of the company. Amalgamated Bank boosted its stake in shares of R1 RCM by 2.4% in the 4th quarter. Amalgamated Bank now owns 17,974 shares of the healthcare provider’s stock valued at $432,000 after purchasing an additional 422 shares in the last quarter. Swiss National Bank lifted its position in R1 RCM by 0.4% during the 4th quarter. Swiss National Bank now owns 222,100 shares of the healthcare provider’s stock worth $5,335,000 after buying an additional 800 shares in the last quarter. Russell Investments Group Ltd. lifted its position in R1 RCM by 1.4% during the 4th quarter. Russell Investments Group Ltd. now owns 77,149 shares of the healthcare provider’s stock worth $1,852,000 after buying an additional 1,083 shares in the last quarter. First Trust Advisors LP lifted its position in R1 RCM by 0.7% during the 4th quarter. First Trust Advisors LP now owns 165,671 shares of the healthcare provider’s stock worth $3,979,000 after buying an additional 1,110 shares in the last quarter. Finally, Barclays PLC lifted its position in R1 RCM by 9,100.0% during the 4th quarter. Barclays PLC now owns 1,656 shares of the healthcare provider’s stock worth $40,000 after buying an additional 1,638 shares in the last quarter. Institutional investors own 81.16% of the company’s stock.

R1 RCM Company Profile

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

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Earnings History and Estimates for R1 RCM (NASDAQ:RCM)

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