RadNet (RDNT) Projected to Post Earnings on Friday

RadNet (NASDAQ:RDNT) will likely be announcing its earnings results before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $459.42 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

RadNet Stock Performance

RadNet stock opened at $62.67 on Friday. The stock has a 50-day simple moving average of $67.38 and a 200 day simple moving average of $69.04. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of -895.16 and a beta of 1.79. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.89. RadNet has a 12-month low of $36.47 and a 12-month high of $93.65.

Insider Activity

In other news, EVP David Jeffrey Katz sold 12,300 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $81.65, for a total transaction of $1,004,295.00. Following the completion of the sale, the executive vice president now directly owns 62,909 shares in the company, valued at approximately $5,136,519.85. This represents a 16.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.12% of the stock is owned by company insiders.

Analyst Ratings Changes

RDNT has been the topic of a number of recent research reports. Barclays reduced their price objective on shares of RadNet from $85.00 to $74.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Truist Financial restated a “buy” rating and issued a $88.00 price target (down from $94.00) on shares of RadNet in a research report on Wednesday, January 22nd. Finally, Jefferies Financial Group dropped their price objective on RadNet from $100.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, RadNet presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.50.

About RadNet

RadNet, Inc, together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. The company operates in two segments: Imaging Centers and Artificial Intelligence. Its services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology, fluoroscopy, and other related procedures, as well as multi-modality imaging services.