Zacks: Analysts Expect R1 RCM Inc (NASDAQ:RCM) to Announce -$0.02 Earnings Per Share

Equities research analysts expect that R1 RCM Inc (NASDAQ:RCM) will post ($0.02) earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for R1 RCM’s earnings, with estimates ranging from ($0.02) to ($0.01). R1 RCM posted earnings per share of ($0.07) in the same quarter last year, which would suggest a positive year-over-year growth rate of 71.4%. The company is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, August 6th.

On average, analysts expect that R1 RCM will report full year earnings of $0.13 per share for the current fiscal year, with EPS estimates ranging from $0.06 to $0.22. For the next year, analysts expect that the firm will post earnings of $0.59 per share, with EPS estimates ranging from $0.31 to $0.84. Zacks’ earnings per share averages are an average based on a survey of research firms that follow R1 RCM.

R1 RCM (NASDAQ:RCM) last issued its quarterly earnings data on Thursday, May 9th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. R1 RCM had a negative net margin of 2.19% and a negative return on equity of 118.28%. The business had revenue of $275.90 million during the quarter, compared to the consensus estimate of $266.37 million. During the same period in the prior year, the firm posted ($0.26) EPS. The firm’s quarterly revenue was up 87.3% compared to the same quarter last year.

RCM has been the subject of a number of recent analyst reports. Cantor Fitzgerald upped their price objective on shares of R1 RCM from $11.00 to $13.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. BidaskClub raised shares of R1 RCM from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 3rd. ValuEngine downgraded shares of R1 RCM from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, Zacks Investment Research raised shares of R1 RCM from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, July 10th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. R1 RCM presently has an average rating of “Buy” and an average target price of $14.80.

RCM stock traded down $0.20 during trading on Friday, reaching $12.53. The stock had a trading volume of 746,322 shares, compared to its average volume of 963,817. R1 RCM has a one year low of $7.10 and a one year high of $13.19. The company has a debt-to-equity ratio of 118.26, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a 50 day moving average price of $12.58. The stock has a market cap of $1.39 billion, a P/E ratio of -39.16 and a beta of 0.08.

In other news, Director Charles J. Ditkoff sold 4,099 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $11.72, for a total transaction of $48,040.28. Following the completion of the transaction, the director now directly owns 4,099 shares of the company’s stock, valued at approximately $48,040.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 59.40% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC grew its position in R1 RCM by 143.6% during the fourth quarter. Millennium Management LLC now owns 1,968,470 shares of the financial services provider’s stock valued at $15,649,000 after buying an additional 1,160,264 shares during the period. Elk Creek Partners LLC raised its stake in R1 RCM by 5.6% during the first quarter. Elk Creek Partners LLC now owns 1,779,374 shares of the financial services provider’s stock valued at $17,207,000 after purchasing an additional 94,411 shares in the last quarter. American Century Companies Inc. raised its stake in R1 RCM by 38.1% during the fourth quarter. American Century Companies Inc. now owns 1,258,762 shares of the financial services provider’s stock valued at $10,007,000 after purchasing an additional 347,057 shares in the last quarter. Northern Trust Corp raised its stake in R1 RCM by 1.0% during the fourth quarter. Northern Trust Corp now owns 1,245,744 shares of the financial services provider’s stock valued at $9,904,000 after purchasing an additional 12,780 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in R1 RCM by 10.0% during the fourth quarter. Geode Capital Management LLC now owns 1,169,331 shares of the financial services provider’s stock valued at $9,296,000 after purchasing an additional 106,455 shares in the last quarter. 70.28% of the stock is owned by hedge funds and other institutional investors.

R1 RCM Company Profile

R1 RCM Inc provides revenue cycle management (RCM) for healthcare providers in the United States. It offers end-to-end RCM services to manage their revenue cycle operations, which encompass patient registration, insurance and benefit verification, medical treatment documentation and coding, and bill preparation and collection from patients and payers.

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