Ardent Health Partners (NYSE:ARDT) Announces Quarterly Earnings Results

Ardent Health Partners (NYSE:ARDT) released its quarterly earnings results on Wednesday. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Down 3.4 %

Shares of ARDT stock opened at $13.96 on Thursday. Ardent Health Partners has a 1 year low of $13.63 and a 1 year high of $20.72. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.78 and a current ratio of 1.91. The stock’s 50 day simple moving average is $15.29 and its two-hundred day simple moving average is $16.87.

Analyst Ratings Changes

Several research firms have issued reports on ARDT. JPMorgan Chase & Co. reissued a “neutral” rating and set a $20.00 price target on shares of Ardent Health Partners in a report on Tuesday, December 17th. Truist Financial dropped their price objective on Ardent Health Partners from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Bank of America lowered Ardent Health Partners from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $22.00 to $19.00 in a research note on Wednesday, November 6th. Leerink Partners upped their price objective on Ardent Health Partners from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Morgan Stanley dropped their price objective on Ardent Health Partners from $23.50 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Ardent Health Partners presently has an average rating of “Buy” and an average target price of $21.55.

About Ardent Health Partners

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.