-$0.13 Earnings Per Share Expected for Skylight Health Group Inc. (NASDAQ:SLHG) This Quarter

Wall Street analysts expect Skylight Health Group Inc. (NASDAQ:SLHGGet Rating) to report ($0.13) earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Skylight Health Group’s earnings, with estimates ranging from ($0.18) to ($0.06). Skylight Health Group reported earnings of ($0.05) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 160%. The firm is expected to issue its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Skylight Health Group will report full year earnings of ($0.45) per share for the current financial year, with EPS estimates ranging from ($0.62) to ($0.22). For the next year, analysts forecast that the business will post earnings of ($0.23) per share, with EPS estimates ranging from ($0.32) to ($0.16). Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Skylight Health Group.

SLHG has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Skylight Health Group from a “buy” rating to a “hold” rating in a report on Friday, April 8th. Lake Street Capital cut their price target on Skylight Health Group from $6.00 to $3.00 in a research note on Friday, April 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $4.44.

Shares of NASDAQ:SLHG opened at $0.63 on Wednesday. The firm’s 50-day moving average is $0.98 and its two-hundred day moving average is $1.25. The firm has a market capitalization of $24.88 million and a PE ratio of -2.52. Skylight Health Group has a 1 year low of $0.55 and a 1 year high of $6.25.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC acquired a new position in Skylight Health Group during the 1st quarter worth approximately $63,000. Raymond James & Associates acquired a new position in shares of Skylight Health Group in the 1st quarter valued at approximately $90,000. Penserra Capital Management LLC increased its holdings in shares of Skylight Health Group by 23.6% in the 4th quarter. Penserra Capital Management LLC now owns 168,308 shares of the company’s stock valued at $220,000 after acquiring an additional 32,084 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Skylight Health Group in the 4th quarter valued at approximately $64,000. Finally, Geode Capital Management LLC bought a new stake in shares of Skylight Health Group in the 3rd quarter valued at approximately $31,000. 0.74% of the stock is currently owned by institutional investors and hedge funds.

Skylight Health Group Company Profile (Get Rating)

Skylight Health Group Inc operates as a healthcare services and technology company in the United States, Canada, the United Kingdom, and Colombia. It operates the US multi-state primary care health network, which provides a range of services from primary care, sub-specialty, allied health, and laboratory/diagnostic testing.

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