FY2024 EPS Estimates for TSE:DR Reduced by Leede Financial

Medical Facilities Co. (TSE:DR) – Stock analysts at Leede Financial dropped their FY2024 earnings per share estimates for Medical Facilities in a research note issued on Thursday, November 14th. Leede Financial analyst D. Loe now anticipates that the company will post earnings per share of $1.00 for the year, down from their previous estimate of $1.10. Leede Financial currently 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 brokerages have also recently commented on DR. Royal Bank of Canada lifted their price objective on Medical Facilities from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a report on Wednesday, August 7th. Leede Jones Gable increased their price objective on shares of Medical Facilities from C$15.00 to C$15.50 and gave the stock a “buy” rating in a report on Wednesday, August 7th.

Medical Facilities Stock Performance

TSE:DR opened at C$15.73 on Monday. Medical Facilities has a 52-week low of C$8.31 and a 52-week high of C$16.70. The company has a market cap of C$378.31 million, a price-to-earnings ratio of 14.49, a PEG ratio of 3.81 and a beta of 0.47. The firm’s 50-day moving average is C$14.28 and its 200-day moving average is C$13.35. The company has a debt-to-equity ratio of 86.99, a quick ratio of 1.51 and a current ratio of 1.15.

Insider Activity at Medical Facilities

In other Medical Facilities news, Director Yanick Blanchard sold 100,000 shares of Medical Facilities 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 currently owned by corporate insiders.

Medical Facilities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Friday, September 27th. Medical Facilities’s dividend payout ratio is presently 32.73%.

Medical Facilities Company Profile

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.