Ardent Health Partners (NYSE:ARDT) Posts Quarterly Earnings Results, Beats Expectations By $0.31 EPS

Ardent Health Partners (NYSE:ARDT) issued its quarterly earnings data on Wednesday. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.31, Zacks reports. Ardent Health Partners updated its FY 2025 guidance to 1.730-2.010 EPS.

Ardent Health Partners Stock Performance

Shares of NYSE:ARDT traded down $0.49 during midday trading on Wednesday, hitting $13.96. 499,049 shares of the company’s stock traded hands, compared to its average volume of 369,997. The firm’s fifty day moving average price is $15.29 and its two-hundred day moving average price is $16.87. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.78 and a current ratio of 1.91. Ardent Health Partners has a twelve month low of $13.63 and a twelve month high of $20.72.

Wall Street Analyst Weigh In

ARDT has been the topic of several research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 price target on shares of Ardent Health Partners in a research report on Thursday, November 14th. Leerink Partners raised their price target on Ardent Health Partners from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Bank of America cut Ardent Health Partners from a “buy” rating to a “neutral” rating and cut their price target for the stock from $22.00 to $19.00 in a report on Wednesday, November 6th. Morgan Stanley decreased their price objective on Ardent Health Partners from $23.50 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $20.00 target price on shares of Ardent Health Partners in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $21.55.

Ardent Health Partners Company Profile

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.