Option Care Health (NASDAQ:OPCH) Announces Quarterly Earnings Results

Option Care Health (NASDAQ:OPCH) issued its quarterly earnings data on Tuesday. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.04), Zacks reports. Option Care Health had a net margin of 3.78% and a return on equity of 17.89%.

Option Care Health Stock Performance

Shares of NASDAQ:OPCH opened at $36.09 on Tuesday. The stock has a market capitalization of $5.73 billion, a P/E ratio of 28.64, a P/E/G ratio of 2.13 and a beta of 0.84. Option Care Health has a 1-year low of $24.24 and a 1-year high of $36.80. The company has a current ratio of 1.56, a quick ratio of 1.05 and a debt-to-equity ratio of 0.85. The business has a 50-day moving average price of $33.97 and a two-hundred day moving average price of $30.47.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and issued a $37.00 target price on shares of Option Care Health in a research note on Tuesday, January 13th. National Bank Financial set a $37.00 price objective on shares of Option Care Health in a report on Tuesday, January 27th. Truist Financial set a $40.00 price objective on shares of Option Care Health in a research report on Tuesday, January 13th. Barrington Research boosted their target price on shares of Option Care Health from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, January 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Option Care Health in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.58.

Institutional Investors Weigh In On Option Care Health

Several institutional investors have recently modified their holdings of OPCH. McIlrath & Eck LLC bought a new stake in shares of Option Care Health during the second quarter worth approximately $37,000. Advisory Services Network LLC bought a new position in Option Care Health in the third quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in Option Care Health during the 3rd quarter worth $38,000. EverSource Wealth Advisors LLC raised its position in shares of Option Care Health by 528.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,407 shares of the company’s stock valued at $46,000 after acquiring an additional 1,183 shares during the last quarter. Finally, Quarry LP raised its position in shares of Option Care Health by 502.7% during the 3rd quarter. Quarry LP now owns 1,549 shares of the company’s stock valued at $43,000 after acquiring an additional 1,292 shares during the last quarter. Institutional investors and hedge funds own 98.05% of the company’s stock.

About Option Care Health

Option Care Health (NASDAQ: OPCH) is a leading provider of home and alternate site infusion services in the United States. The company specializes in the administration of injectable therapies, including antibiotics, nutrition, hydration, immunoglobulin, pain management and specialty pharmaceuticals. Through its nationwide network of infusion pharmacies and nursing professionals, Option Care Health delivers customized care plans and in-home nursing visits to patients managing complex or chronic conditions outside of a hospital setting.

Option Care Health traces its current structure to the completion of its merger with BioScrip in early 2021, combining two of the industry’s most experienced home infusion businesses.