Viemed Healthcare (NASDAQ:VMD) Announces Earnings Results

Viemed Healthcare (NASDAQ:VMD) announced its quarterly earnings data on Wednesday. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01), FiscalAI reports. The firm had revenue of $80.67 million during the quarter, compared to the consensus estimate of $80.78 million. Viemed Healthcare had a net margin of 4.81% and a return on equity of 10.16%.

Viemed Healthcare Stock Up 7.0%

Shares of Viemed Healthcare stock opened at $10.11 on Thursday. Viemed Healthcare has a 1 year low of $6.05 and a 1 year high of $12.61. The business has a 50-day moving average of $9.26 and a two-hundred day moving average of $9.58. The company has a market capitalization of $385.09 million, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.13 and a quick ratio of 1.02.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VMD shares. Barrington Research started coverage on Viemed Healthcare in a report on Monday, August 24th. They issued an “outperform” rating and a $14.00 price target on the stock. Wall Street Zen downgraded shares of Viemed Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Freedom Capital lowered shares of Viemed Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings cut shares of Viemed Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.00.

About Viemed Healthcare

Viemed Healthcare, Inc (NASDAQ: VMD) is a U.S. healthcare company that provides in-home medical equipment and clinical services for patients with chronic respiratory and other complex medical conditions. Its services are designed to help patients receive care at home while supporting hospitals and clinicians in managing ongoing conditions.

The company’s offerings include non-invasive ventilation, oxygen therapy, sleep-apnea equipment, respiratory therapy, remote patient monitoring and related durable medical equipment.