China smartphone shipments slumped in June on inventory overhang: Jefferies
In recent transactions reported by Enhabit , Inc. (NYSE:EHAB), Chief Accounting Officer Collin McQuiddy disclosed the sale of 1,096 shares of common stock on March 10, 2025. The shares were sold at a price of $8.58 each, amounting to a total value of $9,403. According to InvestingPro data, the stock is currently trading near its Fair Value, with two analysts recently revising their earnings estimates upward for the upcoming period. This sale follows a series of acquisitions by McQuiddy, who acquired 7,545 shares on March 6 and March 7 at a price of $8.02 per share, totaling $60,510. After these transactions, McQuiddy no longer holds any shares directly. While the company shows a "GOOD" overall financial health score on InvestingPro, investors should note that net income is expected to grow this year. Get access to 6 more exclusive ProTips and comprehensive analysis through the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Enhabit Inc reported its fourth-quarter 2024 earnings, which fell short of both revenue and earnings per share (EPS) expectations. The company posted an EPS of $0.04 compared to the forecasted $0.06, and revenue of $258.2 million against an expected $262.12 million. Despite the earnings miss, Jefferies maintained a Buy rating on Enhabit, with a price target of $9.50, citing stabilization in the company’s fundamentals and minimal political and regulatory risks. On the other hand, Leerink Partners kept a Market Perform rating, noting mixed results in the company’s Home Health and Hospice segments.
The Home Health segment faced challenges, with volumes not meeting expectations and fee-for-service pressures persisting. In contrast, the Hospice segment showed strong results, with improvements in the average daily census and margins. Enhabit has been focusing on growth through new locations and payer innovation contracts, with plans to open more locations in 2025. The company also announced cost-cutting measures, including branch closures, expected to save $2.5 million. Enhabit’s guidance for fiscal year 2025 aligns with consensus estimates, projecting net service revenue between $1.050 billion and $1.080 billion, and adjusted EBITDA growth by up to 7%.
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