R1 RCM (NASDAQ:RCM) Announces Earnings Results

R1 RCM (NASDAQ:RCM – Get Rating) issued its earnings results on Monday. The healthcare provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04), Briefing.com reports. R1 RCM had a return on equity of 30.22% and a net margin of 6.59%. The firm had revenue of $385.70 million for the quarter, compared to analysts’ expectations of $384.18 million. During the same period last year, the firm earned ($2.37) earnings per share. R1 RCM’s revenue for the quarter was up 12.6% on a year-over-year basis. R1 RCM updated its FY 2022 guidance to EPS.

Shares of R1 RCM stock traded up $0.75 during trading hours on Tuesday, hitting $19.86. The company had a trading volume of 10,003 shares, compared to its average volume of 1,276,233. The company’s 50-day moving average is $25.25 and its two-hundred day moving average is $24.55. R1 RCM has a twelve month low of $18.71 and a twelve month high of $27.86. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $5.53 billion, a P/E ratio of -8.89, a price-to-earnings-growth ratio of 2.46 and a beta of 0.86.

A number of equities research analysts have recently issued reports on RCM shares. Robert W. Baird boosted their price target on shares of R1 RCM from $29.00 to $32.00 in a research note on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of R1 RCM from $30.00 to $28.00 in a research note on Tuesday. Zacks Investment Research raised shares of R1 RCM from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Thursday, April 21st. Finally, Guggenheim began coverage on shares of R1 RCM in a research note on Wednesday, April 13th. They set a “neutral” rating on the stock. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, R1 RCM currently has an average rating of “Buy” and an average target price of $29.25.

Several institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC purchased a new position in shares of R1 RCM in the 4th quarter valued at about $204,000. Qtron Investments LLC acquired a new stake in shares of R1 RCM in the fourth quarter worth approximately $206,000. Janus Henderson Group PLC purchased a new position in R1 RCM in the third quarter valued at approximately $262,000. UBS Group AG raised its holdings in R1 RCM by 798.4% in the third quarter. UBS Group AG now owns 21,300 shares of the healthcare provider’s stock valued at $469,000 after buying an additional 18,929 shares during the period. Finally, LPL Financial LLC raised its holdings in R1 RCM by 3.3% in the third quarter. LPL Financial LLC now owns 40,236 shares of the healthcare provider’s stock valued at $886,000 after buying an additional 1,279 shares during the period. Institutional investors and hedge funds own 41.97% of the company’s stock.

R1 RCM Company Profile (Get Rating)

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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