Enhabit’s (EHAB) “Market Perform” Rating Reaffirmed at Leerink Partners

Leerink Partners reaffirmed their market perform rating on shares of Enhabit (NYSE:EHAB) in a research report sent to investors on Tuesday,Benzinga reports. Leerink Partners currently has a $8.00 target price on the stock, down from their prior target price of $8.50.

Enhabit Price Performance

Shares of NYSE EHAB opened at $7.56 on Tuesday. The firm has a market capitalization of $380.12 million, a PE ratio of -3.28 and a beta of 1.84. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.46 and a quick ratio of 1.46. Enhabit has a 1-year low of $6.85 and a 1-year high of $11.74. The business’s fifty day moving average price is $7.52 and its two-hundred day moving average price is $8.41.

Enhabit (NYSE:EHAB) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $253.60 million for the quarter, compared to analyst estimates of $261.69 million. Enhabit had a negative net margin of 11.24% and a positive return on equity of 1.67%. During the same period last year, the business posted $0.03 earnings per share. On average, research analysts expect that Enhabit will post 0.25 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. AREX Capital Management LP grew its holdings in Enhabit by 2.5% during the second quarter. AREX Capital Management LP now owns 2,472,662 shares of the company’s stock worth $22,056,000 after acquiring an additional 59,353 shares during the period. Systematic Financial Management LP grew its holdings in Enhabit by 12.2% during the third quarter. Systematic Financial Management LP now owns 1,838,199 shares of the company’s stock worth $14,522,000 after acquiring an additional 199,235 shares during the period. Dimensional Fund Advisors LP grew its holdings in Enhabit by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,756,745 shares of the company’s stock worth $15,669,000 after acquiring an additional 26,753 shares during the period. Paradice Investment Management LLC grew its holdings in Enhabit by 0.7% during the second quarter. Paradice Investment Management LLC now owns 1,525,037 shares of the company’s stock worth $13,603,000 after acquiring an additional 11,128 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Enhabit by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,137,458 shares of the company’s stock worth $8,987,000 after acquiring an additional 10,538 shares during the period.

Enhabit Company Profile

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.