Ardent Health Partners (ARDT) to Release Earnings on Wednesday

Ardent Health Partners (NYSE:ARDT) is expected to be announcing its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.45 per share and revenue of $1.48 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Ardent Health Partners Stock Up 1.0 %

Shares of ARDT opened at $14.92 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.78 and a current ratio of 1.91. The company’s 50 day simple moving average is $15.56 and its 200-day simple moving average is $16.95. Ardent Health Partners has a 12-month low of $13.63 and a 12-month high of $20.72.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ARDT shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $20.00 target price on shares of Ardent Health Partners in a research report on Tuesday, December 17th. Morgan Stanley lowered their target price on shares of Ardent Health Partners from $23.50 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Truist Financial lowered their target price on shares of Ardent Health Partners from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Bank of America downgraded Ardent Health Partners from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $22.00 to $19.00 in a report on Wednesday, November 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 price target on shares of Ardent Health Partners in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $21.55.

About Ardent Health Partners

Ardent Health Partners, Inc owns and operates a network of hospitals and clinics that provides a range of healthcare services in the United States. It operates acute care hospitals, including rehabilitation hospitals and surgical hospitals. The company was founded in 2001 and is based in Brentwood, Tennessee.