Ardent Health Partners (ARDT) Projected to Post Quarterly Earnings on Wednesday

Ardent Health Partners (NYSE:ARDT) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Ardent Health Partners to post earnings of $0.45 per share for the quarter. Ardent Health Partners has set its FY 2024 guidance at 1.230-1.370 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Ardent Health Partners (NYSE:ARDT) last issued its earnings results on Wednesday, November 6th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.10). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.46 billion. On average, analysts expect Ardent Health Partners to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ardent Health Partners Trading Down 3.0 %

Shares of Ardent Health Partners stock opened at $14.74 on Wednesday. The stock’s 50 day moving average is $15.93. The company has a current ratio of 1.91, a quick ratio of 1.78 and a debt-to-equity ratio of 0.78. Ardent Health Partners has a one year low of $13.63 and a one year high of $20.72.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ARDT. Morgan Stanley cut their target price on Ardent Health Partners from $23.50 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Truist Financial decreased their target price on Ardent Health Partners from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. KeyCorp assumed coverage on Ardent Health Partners in a research report on Friday, October 11th. They issued an “overweight” rating and a $24.00 target price for the company. Leerink Partners increased their price target on shares of Ardent Health Partners from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Bank of America cut shares of Ardent Health Partners from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $22.00 to $19.00 in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $21.55.

Ardent Health Partners Company Profile

Ardent Health Partners, Inc owns and operates a network of hospitals and clinics that provides a range of healthcare services in the United States. It operates acute care hospitals, including rehabilitation hospitals and surgical hospitals. The company was founded in 2001 and is based in Brentwood, Tennessee.