Aveanna Healthcare (AVAH) Scheduled to Post Earnings on Wednesday

Aveanna Healthcare (NASDAQ:AVAHGet Rating) will be releasing its earnings data after the market closes on Wednesday, May 11th. Analysts expect Aveanna Healthcare to post earnings of $0.06 per share for the quarter. Aveanna Healthcare has set its FY 2022 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Aveanna Healthcare (NASDAQ:AVAHGet Rating) last released its earnings results on Monday, March 28th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $414.07 million for the quarter, compared to analyst estimates of $420.19 million. Aveanna Healthcare had a positive return on equity of 11.03% and a negative net margin of 6.97%. On average, analysts expect Aveanna Healthcare to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

AVAH stock opened at $2.87 on Wednesday. Aveanna Healthcare has a twelve month low of $2.82 and a twelve month high of $13.00. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The company has a market cap of $530.18 million and a P/E ratio of -4.63. The business’s fifty day moving average is $4.18 and its 200-day moving average is $5.79.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. boosted its position in shares of Aveanna Healthcare by 143.2% during the fourth quarter. Citigroup Inc. now owns 11,065 shares of the company’s stock worth $82,000 after buying an additional 6,515 shares during the period. Metropolitan Life Insurance Co NY boosted its position in Aveanna Healthcare by 73.2% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 13,327 shares of the company’s stock worth $99,000 after acquiring an additional 5,632 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Aveanna Healthcare by 221.7% in the fourth quarter. Legal & General Group Plc now owns 15,386 shares of the company’s stock valued at $114,000 after purchasing an additional 10,604 shares during the last quarter. LPL Financial LLC bought a new stake in shares of Aveanna Healthcare in the fourth quarter worth $124,000. Finally, MetLife Investment Management LLC boosted its holdings in Aveanna Healthcare by 144.1% during the fourth quarter. MetLife Investment Management LLC now owns 18,668 shares of the company’s stock worth $138,000 after purchasing an additional 11,021 shares during the last quarter. 95.00% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on AVAH shares. Truist Financial reduced their target price on Aveanna Healthcare from $10.00 to $5.00 and set a “buy” rating on the stock in a report on Wednesday, March 30th. Stephens decreased their price objective on shares of Aveanna Healthcare from $11.50 to $7.00 and set an “overweight” rating for the company in a report on Wednesday, March 30th. Zacks Investment Research upgraded shares of Aveanna Healthcare from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. Raymond James decreased their price target on shares of Aveanna Healthcare from $12.00 to $8.00 and set a “strong-buy” rating for the company in a report on Thursday, March 31st. Finally, Royal Bank of Canada reduced their target price on Aveanna Healthcare from $16.00 to $9.00 and set an “outperform” rating on the stock in a report on Thursday, March 31st. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $8.90.

Aveanna Healthcare Company Profile (Get Rating)

Aveanna Healthcare Holdings Inc, a diversified home care platform company, provides private duty nursing (PDN), adult home health and hospice, home-based pediatric therapy, and enteral nutrition services in the United States. Its patient- centered care delivery platform allows patients to remain in their homes and minimizes the overutilization of high-cost care settings, such as hospitals.

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