R1 RCM (NASDAQ:RCM) issued its earnings results on Friday. The financial services provider reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.07), Morningstar.com reports. The business had revenue of $140.30 million during the quarter, compared to analysts’ expectations of $131.20 million. R1 RCM had a negative net margin of 1.32% and a negative return on equity of 9.33%.
Shares of R1 RCM (NASDAQ:RCM) opened at $6.55 on Friday. R1 RCM has a fifty-two week low of $2.40 and a fifty-two week high of $6.75.
A number of research firms recently weighed in on RCM. BidaskClub raised shares of R1 RCM from a “buy” rating to a “strong-buy” rating in a report on Saturday. Robert W. Baird reaffirmed a “hold” rating and set a $7.00 price target on shares of R1 RCM in a report on Monday, February 26th. Finally, Zacks Investment Research raised shares of R1 RCM from a “sell” rating to a “hold” rating in a report on Thursday, March 1st.
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R1 RCM Company Profile
R1 RCM Inc is a provider of revenue cycle management (RCM) and physician advisory services (PAS) to healthcare providers. The Company is engaged in providing management services of revenue cycle operations for the United States-based hospitals and other medical services providers. Its primary service offering consists of end-to-end RCM, which the Company deploys through a co-managed relationship or an operating partner relationship.
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