FY2024 EPS Estimates for TSE:DR Lowered by Leede Financial

Medical Facilities Co. (TSE:DR - Free Report) - Equities researchers at Leede Financial reduced their FY2024 earnings estimates for shares of Medical Facilities in a research note issued on Thursday, November 14th. Leede Financial analyst D. Loe now expects that the company will post earnings of $1.00 per share for the year, down from their previous estimate of $1.10. Leede Financial has a "Hold" rating on the stock. The consensus estimate for Medical Facilities' current full-year earnings is $1.24 per share. Leede Financial also issued estimates for Medical Facilities' FY2025 earnings at $0.65 EPS.

A number of other analysts have also recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Medical Facilities from C$13.00 to C$14.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 7th. Leede Jones Gable raised their target price on Medical Facilities from C$15.00 to C$15.50 and gave the company a "buy" rating in a research report on Wednesday, August 7th.

Medical Facilities Stock Performance

DR traded up C$0.07 on Monday, reaching C$15.94. The stock had a trading volume of 98,326 shares, compared to its average volume of 47,577. The business's 50-day moving average price is C$14.23 and its two-hundred day moving average price is C$13.32. The company has a market cap of C$383.36 million, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47. Medical Facilities has a 12-month low of C$8.31 and a 12-month high of C$16.70. The company has a current ratio of 1.15, a quick ratio of 1.51 and a debt-to-equity ratio of 86.99.

Medical Facilities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Friday, September 27th. Medical Facilities's dividend payout ratio is presently 32.73%.

Insiders Place Their Bets

In other news, Director Yanick Blanchard sold 100,000 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$15.93, for a total transaction of C$1,593,100.00. 0.43% of the stock is owned by insiders.

About Medical Facilities

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty hospitals and ambulatory surgery center in the United States. The company's specialty hospital offers non-emergency surgical, imaging, diagnostic, and pain management procedures, as well as other ancillary services, such as primary and urgent care; and ambulatory surgery centers offers scheduled outpatient surgical procedures.