Leede Financial Commentary on Medical Facilities Co’s FY2024 Revenue. (TSE:DR)

Medical Facilities Co. (TSE:DR – Free Report) – Analysts at Leede Financial reduced their FY2024 earnings per share estimates for shares of Medical Facilities in a research note issued to investors on Tuesday, August 6th. Financial analyst Leede D. Loe now anticipates that the company will post earnings per share of $0.95 for the year, down from their prior estimate of $1.29. The consensus estimate for the medical unit’s current full-year earnings is $1.48 per share.

Other analysts have recently issued research reports on the company. Leede Jones Gable lifted their target price on Medical Units from $15.00 to $15.50 and gave the company a “buy” rating in a report on Wednesday. Leede Jones Gab raised Medical Facilities from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, Royal Bank of Canada raised their price objective on Medical Units from $13.00 to $14.00 and gave the company a “sector perform” rating in a research note on Wednesday.

Check out our latest research report on medical facilities

Medical facility trading up 4.1%

DR traded up $0.55 during midday trading on Friday, reaching $14.08. The company’s stock had a trading volume of 36,188 shares, compared to its average volume of 51,274. The company has a current ratio of 1.09, a quick ratio of 1.51, and a debt-to-equity ratio of 99.96. The firm has a market cap of $344.54 million, a P/E ratio of 15.73, a PEG ratio of 3.81 and a beta of 0.56. The firm has a 50 day moving average price of $13.07 and a two hundred day moving average price of $11.36. Medical Facilities has a 52-week low of $8.31 and a 52-week high of $14.33.

Medical Facilities (TSE:DR – Get Your Free Report ) last posted its quarterly earnings results on Thursday, May 9th. The company reported C$0.09 EPS for the quarter. The company had revenue of $145.95 million during the quarter, compared to analysts’ expectations of $133.28 million. Medical units had a return on equity of 38.26% and a net margin of 3.57%.

Medical Facilities Increase Dividends

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.09 per share. The ex-dividend date was Friday, June 28. This is a positive change from Medical Facilities’ previous quarterly dividend of $0.08. This represents an annualized dividend of $0.36 and a yield of 2.56%. The payment rate of medical units is 41.86%.

About medical facilities

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Medical Facilities Corporation, through its subsidiaries, owns and operates specialty hospitals and ambulatory surgery centers 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 emergency care; and ambulatory surgery centers offer scheduled outpatient surgical procedures.

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