Evolent Health (NYSE:EVH) released its quarterly earnings data on Tuesday. The technology company reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.03, Bloomberg Earnings reports. Evolent Health had a negative return on equity of 4.80% and a negative net margin of 12.52%. The business had revenue of $192.00 million during the quarter, compared to analyst estimates of $192.51 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year.
EVH stock opened at $5.82 on Wednesday. The company has a fifty day moving average of $7.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market cap of $528.30 million, a P/E ratio of -16.63 and a beta of 1.07. Evolent Health has a twelve month low of $5.73 and a twelve month high of $29.05.
A number of research analysts recently issued reports on the company. Zacks Investment Research lowered Evolent Health from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised Evolent Health from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $16.00 target price (down previously from $18.00) on shares of Evolent Health in a research note on Wednesday. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $25.02.
Evolent Health Company Profile
Evolent Health, Inc, through its subsidiary, Evolent Health LLC, provides health care delivery and payment solutions in the United States. The company operates as a managed services firm that supports health systems and physician organizations in migration toward value-based care and population health management.
Read More: Why does a company issue an IPO?
Receive News & Ratings for Evolent Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evolent Health and related companies with MarketBeat.com's FREE daily email newsletter.