R1 RCM Inc (RCM) Posts Quarterly Earnings Results, Meets Expectations
R1 RCM Inc (NYSE:RCM) issued its quarterly earnings results on Tuesday. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03), reports. R1 RCM had a negative return on equity of 51.77% and a negative net margin of 6.74%.
Shares of R1 RCM (NYSE RCM) traded up 0.80% during midday trading on Tuesday, hitting $3.80. The company had a trading volume of 256,985 shares. The company’s market capitalization is $388.87 million. R1 RCM has a 12-month low of $2.02 and a 12-month high of $4.37. The company’s 50-day moving average price is $3.58 and its 200 day moving average price is $3.56.
RCM has been the subject of several recent research reports. Zacks Investment Research upgraded R1 RCM from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research note on Thursday, July 6th. Robert W. Baird reiterated a “hold” rating and issued a $5.00 price target on shares of R1 RCM in a research note on Tuesday, September 26th.
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About R1 RCM
R1 RCM Inc, formerly Accretive Health, 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.
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