Astrana Health (NASDAQ:ASTH) Updates FY24 Earnings Guidance

Astrana Health (NASDAQ:ASTH) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $1.28 to $1.52 for the period, compared to the consensus EPS estimate of $1.60. The company issued revenue guidance of $1.65 billion to $1.85 billion, compared to the consensus revenue estimate of $1.76 billion.

Wall Street Analyst Weigh In

ASTH has been the topic of several analyst reports. Jefferies Financial Group assumed coverage on Astrana Health in a research report on Monday, February 26th. They set a buy rating and a $50.00 target price on the stock. Truist Financial boosted their price objective on Astrana Health from $41.00 to $44.00 and gave the company a hold rating in a research note on Friday, March 1st.

Astrana Health Trading Down 1.0 %

Astrana Health stock traded down $0.39 during mid-day trading on Tuesday, hitting $37.93. The stock had a trading volume of 125,527 shares, compared to its average volume of 153,978. Astrana Health has a one year low of $28.86 and a one year high of $45.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.11 and a quick ratio of 2.11. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 1.20 and a beta of 1.12. The company has a 50 day moving average of $40.47.

Astrana Health (NASDAQ:ASTH) last released its earnings results on Tuesday, February 27th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.09. Astrana Health had a return on equity of 11.52% and a net margin of 4.49%. The firm had revenue of $353.00 million during the quarter, compared to analysts’ expectations of $341.17 million. During the same quarter last year, the business posted $0.02 earnings per share. The firm’s revenue was up 20.0% on a year-over-year basis. As a group, equities research analysts forecast that Astrana Health will post 1.65 earnings per share for the current year.

Astrana Health Company Profile

Astrana Health, Inc, Inc, a physician-centric technology-powered healthcare management company, provides medical care services in the United States. It operates through three segments: Care Partners, Care Delivery, and Care Enablement. The company is leveraging its proprietary population health management and healthcare delivery platform, operates an integrated, value-based healthcare model which empowers the providers in its network to deliver care to its patients.