Q3 2023 EPS Estimates for Option Care Health, Inc. Reduced by William Blair (NASDAQ:OPCH)

Option Care Health, Inc. (NASDAQ:OPCH – Get Rating) – Analysts at William Blair reduced their Q3 2023 EPS estimates for Option Care Health in a research report issued to clients and investors on Wednesday, May 24th. William Blair analyst M. Larew now anticipates that the company will post earnings per share of $0.24 for the quarter, down from their prior forecast of $0.25. The consensus estimate for Option Care Health’s current full-year earnings is $0.92 per share. William Blair also issued estimates for Option Care Health’s Q2 2024 earnings at $0.29 EPS and Q3 2024 earnings at $0.32 EPS.

Option Care Health (NASDAQ:OPCH – Get Rating) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Option Care Health had a net margin of 3.94% and a return on equity of 11.90%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $996.05 million.

A number of other analysts have also commented on OPCH. Deutsche Bank Aktiengesellschaft dropped their price target on Option Care Health from $39.00 to $32.50 in a research note on Friday, May 5th. Barrington Research lowered their price objective on Option Care Health from $38.00 to $34.00 in a research report on Friday, May 5th. Finally, Jefferies Financial Group assumed coverage on Option Care Health in a research report on Monday, February 27th. They set a “buy” rating for the company.

Option Care Health Stock Up 0.9 %

Shares of Option Care Health stock opened at $27.88 on Friday. The company’s 50 day moving average price is $30.36 and its 200-day moving average price is $29.95. Option Care Health has a 52-week low of $24.23 and a 52-week high of $35.87. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 32.05, a P/E/G ratio of 1.98 and a beta of 1.14. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.66.

Insider Transactions at Option Care Health

In other news, insider Michael Bavaro sold 6,148 shares of Option Care Health stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $31.45, for a total value of $193,354.60. Following the completion of the transaction, the insider now owns 21,549 shares of the company’s stock, valued at approximately $677,716.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.38% of the stock is owned by insiders.

Institutional Investors Weigh In On Option Care Health

A number of large investors have recently made changes to their positions in OPCH. Nisa Investment Advisors LLC boosted its stake in Option Care Health by 8.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,898 shares of the company’s stock worth $119,000 after purchasing an additional 319 shares during the period. State of Michigan Retirement System boosted its stake in Option Care Health by 1.0% in the 4th quarter. State of Michigan Retirement System now owns 39,359 shares of the company’s stock worth $1,184,000 after purchasing an additional 400 shares during the period. IHT Wealth Management LLC boosted its stake in Option Care Health by 4.7% in the 3rd quarter. IHT Wealth Management LLC now owns 9,352 shares of the company’s stock worth $294,000 after purchasing an additional 419 shares during the period. Ellsworth Advisors LLC boosted its stake in Option Care Health by 3.6% in the 1st quarter. Ellsworth Advisors LLC now owns 13,556 shares of the company’s stock worth $431,000 after purchasing an additional 465 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in Option Care Health by 39.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,236 shares of the company’s stock worth $70,000 after purchasing an additional 629 shares during the period. 97.63% of the stock is currently owned by institutional investors.

Option Care Health Company Profile

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Option Care Health, Inc engages in the provision of home and alternate site infusion services. The firm provides infusion therapy and other ancillary healthcare services through a national network of full-service pharmacies. The company contracts with managed care organizations, third-party payers, hospitals, physicians, and other referral sources to provide pharmaceuticals and complex compounded solutions to patients for intravenous delivery in the patients’ homes or other nonhospital settings.