Leede Financial Has Pessimistic View of QIPT FY2025 Earnings

Quipt Home Medical Corp. (NASDAQ:QIPT - Free Report) - Analysts at Leede Financial dropped their FY2025 earnings estimates for Quipt Home Medical in a report released on Wednesday, December 18th. Leede Financial analyst D. Loe now anticipates that the company will post earnings of ($0.15) per share for the year, down from their previous forecast of ($0.03). The consensus estimate for Quipt Home Medical's current full-year earnings is ($0.10) per share. Leede Financial also issued estimates for Quipt Home Medical's FY2026 earnings at ($0.12) EPS.

Quipt Home Medical Stock Up 3.3 %

QIPT traded up $0.08 during trading on Friday, reaching $2.49. The stock had a trading volume of 493,842 shares, compared to its average volume of 190,222. The company has a current ratio of 1.11, a quick ratio of 0.77 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $107.30 million, a price-to-earnings ratio of -22.64 and a beta of 0.62. The stock's 50 day moving average is $2.68 and its two-hundred day moving average is $2.94. Quipt Home Medical has a one year low of $2.30 and a one year high of $5.29.

Quipt Home Medical (NASDAQ:QIPT - Get Free Report) last announced its earnings results on Monday, December 16th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.08). Quipt Home Medical had a negative return on equity of 4.51% and a negative net margin of 1.95%.

Hedge Funds Weigh In On Quipt Home Medical

A number of institutional investors and hedge funds have recently made changes to their positions in QIPT. ProShare Advisors LLC purchased a new stake in shares of Quipt Home Medical in the 2nd quarter worth approximately $35,000. SG Americas Securities LLC bought a new stake in Quipt Home Medical in the third quarter worth $44,000. Atom Investors LP purchased a new stake in shares of Quipt Home Medical in the third quarter worth $51,000. XTX Topco Ltd bought a new position in shares of Quipt Home Medical during the third quarter valued at $54,000. Finally, Jane Street Group LLC raised its position in shares of Quipt Home Medical by 28.5% in the 3rd quarter. Jane Street Group LLC now owns 41,926 shares of the company's stock worth $122,000 after purchasing an additional 9,290 shares during the last quarter. Institutional investors own 42.85% of the company's stock.

About Quipt Home Medical

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.