Ardent Health Partners (NYSE:ARDT) Issues FY24 Earnings Guidance

Posted by Jeff Wilder on Aug 14th, 2024

Ardent Health Partners (NYSE:ARDT – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.23-1.37 for the period, compared to the consensus estimate of $1.21. The company issued revenue guidance of $5.75-5.90 billion, compared to the consensus revenue estimate of $5.84 billion.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Mizuho began coverage on Ardent Health Partners in a research note on Monday. They issued an outperform rating and a $20.00 price objective on the stock. Morgan Stanley started coverage on shares of Ardent Health Partners in a research report on Monday. They set an overweight rating and a $27.00 price objective for the company. Stephens began coverage on shares of Ardent Health Partners in a report on Monday. They issued an overweight rating and a $24.00 target price on the stock. JPMorgan Chase & Co. began coverage on Ardent Health Partners in a report on Monday. They set a neutral rating and a $18.00 price target for the company. Finally, Loop Capital started coverage on Ardent Health Partners in a report on Monday. They set a buy rating and a $18.00 price target on the stock. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of $21.70.

Check Out Our Latest Report on Ardent Health Partners

Ardent Health Partners Stock Performance

Shares of ARDT stock traded down $0.01 during trading on Wednesday, reaching $16.00. 204,463 shares of the company’s stock traded hands, compared to its average volume of 333,682. Ardent Health Partners has a 1 year low of $15.00 and a 1 year high of $18.16.

About Ardent Health Partners

(Get Free Report)

We are the fourth largest privately held, for-profit operator of hospitals and a leading provider of healthcare services in the United States(1). We currently operate in eight growing mid-sized urban markets across six states: Texas, Oklahoma, New Mexico, New Jersey, Idaho, and Kansas. We deliver care through a system of 30 acute care hospitals, more than 200 sites of care, and over 1,700 providers that are either employed by or affiliated with us(2), as of March 31, 2024.