Brokerages Expect Skylight Health Group Inc. (NASDAQ:SLHG) Will Announce Quarterly Sales of $10.52 Million

Clara D. Flaherty

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Analysts forecast that Skylight Health and fitness Team Inc. (NASDAQ:SLHGGet Score) will announce income of $10.52 million for the latest fiscal quarter, in accordance to Zacks Investment Study. 3 analysts have issued estimates for Skylight Wellbeing Group’s earnings, with the lowest gross sales estimate coming in at $9.94 million and the greatest estimate coming in at $10.92 million. Skylight Wellness Group reported product sales of $8.56 million through the exact quarter last year, which signifies a beneficial yr-around-12 months advancement level of 22.9%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

In accordance to Zacks, analysts be expecting that Skylight Health Team will report whole yr profits of $47.84 million for the latest fiscal calendar year, with estimates ranging from $39.93 million to $57.95 million. For the following 12 months, analysts anticipate that the business will post gross sales of $67.32 million, with estimates ranging from $51.75 million to $91.73 million. Zacks’ gross sales calculations are an ordinary primarily based on a study of study analysts that adhere to Skylight Health and fitness Team.

A selection of analysts have commented on the firm. Lake Street Funds reduced their cost aim on Skylight Wellness Group from $6.00 to $3.00 in a research report on Friday, April 1st. Zacks Expenditure Investigation downgraded Skylight Health and fitness Group from a “buy” ranking to a “hold” rating in a analysis report on Friday, April 8th. Two exploration analysts have rated the inventory with a keep ranking and four have assigned a buy rating to the inventory. Dependent on info from MarketBeat.com, the stock has an ordinary rating of “Buy” and an typical value focus on of $4.44.

Institutional traders have not too long ago purchased and bought shares of the stock. Geode Funds Management LLC acquired a new placement in shares of Skylight Wellbeing Team through the 3rd quarter worthy of somewhere around $31,000. HighTower Advisors LLC purchased a new position in Skylight Wellbeing Group in the 1st quarter valued at $63,000. Royal Bank of Canada acquired a new position in Skylight Wellbeing Group in the 2nd quarter valued at $63,000. Citadel Advisors LLC bought a new posture in Skylight Wellness Team in the 4th quarter valued at $64,000. Last but not least, Raymond James & Associates acquired a new posture in Skylight Health and fitness Team in the 1st quarter valued at $90,000. Institutional buyers and hedge cash possess .74% of the company’s stock.

SLHG opened at $.80 on Friday. The stock’s 50 working day moving common value is $.88 and its two-hundred working day going common cost is $1.08. The enterprise has a brief ratio of 1.32, a current ratio of 1.32 and a financial debt-to-equity ratio of .56. Skylight Overall health Group has a 12-thirty day period minimal of $.55 and a 12-thirty day period significant of $6.07.

About Skylight Overall health Team (Get Rating)

Skylight Overall health Group Inc operates as a health care services and know-how enterprise in the United States, Canada, the United Kingdom, and Colombia. It operates the US multi-condition primary care well being community, which delivers a selection of companies from most important care, sub-specialty, allied wellness, and laboratory/diagnostic testing.

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Earnings History and Estimates for Skylight Health Group (NASDAQ:SLHG)

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