R1 RCM Inc (RCM) Set to Announce Earnings on Tuesday
R1 RCM Inc (NYSE:RCM) will release its earnings data after the market closes on Tuesday, October 31st. Analysts expect R1 RCM to post earnings of ($0.03) per share for the quarter.
R1 RCM (NYSE:RCM) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The company had revenue of $99.40 million during the quarter, compared to the consensus estimate of $91.95 million. R1 RCM had a negative return on equity of 51.77% and a negative net margin of 6.74%. On average, analysts expect R1 RCM to post $-0.04 EPS for the current fiscal year and $0.11 EPS for the next fiscal year.
Shares of R1 RCM Inc (NYSE:RCM) traded up 1.36% during mid-day trading on Tuesday, hitting $3.72. The company had a trading volume of 56,069 shares. The firm’s market cap is $380.68 million. The firm’s 50 day moving average is $3.51 and its 200-day moving average is $3.55. R1 RCM Inc has a 12-month low of $2.02 and a 12-month high of $4.37.
Several brokerages have recently commented on RCM. Robert W. Baird reissued a “hold” rating and issued a $5.00 target price on shares of R1 RCM in a report on Tuesday, September 26th. Zacks Investment Research raised R1 RCM from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a report on Thursday, July 6th.
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About R1 RCM
R1 RCM Inc, formerly Accretive Health, Inc, is a provider of revenue cycle management (RCM) and physician advisory services (PAS) to healthcare providers. The Company is engaged in providing management services of revenue cycle operations for the United States-based hospitals and other medical services providers.
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