BrightSpring Health Services (NASDAQ:BTSG) Posts Earnings Results, Misses Estimates By $0.02 EPS

BrightSpring Health Services (NASDAQ:BTSG) released its quarterly earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02), Zacks reports. BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%.

BrightSpring Health Services Stock Performance

NASDAQ:BTSG traded down $0.76 during mid-day trading on Thursday, reaching $17.63. The company’s stock had a trading volume of 1,046,738 shares, compared to its average volume of 1,493,670. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. The stock has a market cap of $3.07 billion and a P/E ratio of -67.80. The firm’s fifty day moving average price is $20.04 and its two-hundred day moving average price is $17.45. BrightSpring Health Services has a 12-month low of $7.85 and a 12-month high of $24.82.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BTSG. CJS Securities began coverage on shares of BrightSpring Health Services in a report on Thursday, December 12th. They set an “outperform” rating and a $27.00 target price on the stock. Wells Fargo & Company upped their price objective on shares of BrightSpring Health Services from $17.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. UBS Group lifted their target price on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Morgan Stanley upped their price target on BrightSpring Health Services from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Finally, Bank of America lifted their price objective on BrightSpring Health Services from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, BrightSpring Health Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.80.

About BrightSpring Health Services

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.