FY2023 EPS Estimates for Enhabit, Inc. Reduced by Jefferies Financial Group (NYSE:EHAB) – MarketBeat


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Enhabit, Inc. (NYSE:EHABGet Rating) – Analysts at Jefferies Financial Group lowered their FY2023 earnings estimates for Enhabit in a research note issued on Wednesday, November 2nd. Jefferies Financial Group analyst B. Tanquilut now forecasts that the company will post earnings of $1.49 per share for the year, down from their previous forecast of $1.53. Jefferies Financial Group has a “Buy” rating and a $20.00 price objective on the stock. The consensus estimate for Enhabit’s current full-year earnings is $1.47 per share. Jefferies Financial Group also issued estimates for Enhabit’s FY2024 earnings at $1.63 EPS.
Enhabit (NYSE:EHABGet Rating) last released its quarterly earnings results on Monday, August 1st. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). The business had revenue of $268.00 million during the quarter.
A number of other equities research analysts have also weighed in on the stock. Citigroup started coverage on shares of Enhabit in a report on Thursday, August 18th. They issued a “neutral” rating and a $17.00 price objective for the company. Credit Suisse Group dropped their target price on Enhabit from $19.00 to $15.00 and set a “neutral” rating for the company in a report on Friday. Bank of America assumed coverage on Enhabit in a research report on Wednesday, July 13th. They issued an “underperform” rating and a $16.00 price objective for the company. Finally, Oppenheimer initiated coverage on Enhabit in a research note on Thursday, October 13th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.00.

Enhabit Stock Performance

NYSE:EHAB traded up $0.20 during mid-day trading on Friday, reaching $12.80. The stock had a trading volume of 5,077 shares, compared to its average volume of 829,443. The company has a 50 day moving average price of $14.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.41 and a quick ratio of 1.41. Enhabit has a one year low of $11.65 and a one year high of $25.25.

Insider Activity

In other Enhabit news, CEO Barbara Ann Jacobsmeyer acquired 30,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were acquired at an average price of $13.78 per share, for a total transaction of $413,400.00. Following the completion of the acquisition, the chief executive officer now owns 238,442 shares in the company, valued at $3,285,730.76. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Erin Hoeflinger purchased 6,030 shares of the stock in a transaction dated Thursday, August 18th. The stock was purchased at an average price of $13.62 per share, with a total value of $82,128.60. Following the transaction, the director now directly owns 12,627 shares in the company, valued at $171,979.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Barbara Ann Jacobsmeyer acquired 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were purchased at an average cost of $13.78 per share, for a total transaction of $413,400.00. Following the completion of the transaction, the chief executive officer now directly owns 238,442 shares in the company, valued at approximately $3,285,730.76. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 42,442 shares of company stock worth $584,249.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EHAB. Victory Capital Management Inc. bought a new stake in shares of Enhabit during the third quarter valued at approximately $9,221,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Enhabit in the third quarter worth $8,951,000. Wedge Capital Management L L P NC purchased a new position in shares of Enhabit in the third quarter worth $5,854,000. Strs Ohio lifted its holdings in shares of Enhabit by 187.5% during the third quarter. Strs Ohio now owns 408,452 shares of the company’s stock valued at $5,734,000 after purchasing an additional 266,400 shares in the last quarter. Finally, Reinhart Partners Inc. purchased a new stake in shares of Enhabit during the third quarter valued at $4,153,000. Institutional investors own 28.68% of the company’s stock.

Enhabit Company Profile

(Get Rating)
Enhabit, Inc provides home health and hospice services in the United States. Its home health services include patient education, pain management, wound care and dressing changes, cardiac rehabilitation, infusion therapy, pharmaceutical administration, and skilled observation and assessment services; practices to treat chronic diseases and conditions, including diabetes, hypertension, arthritis, Alzheimer's disease, low vision, spinal stenosis, Parkinson's disease, osteoporosis, complex wound care and chronic pain, along with disease-specific plans for patients with diabetes, congestive heart failure, post-orthopedic surgery, or injury and respiratory diseases; and physical, occupational and speech therapists provide therapy services.

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Earnings History and Estimates for Enhabit (NYSE:EHAB)
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