Option Care Health, Projects Q3 2023 Earnings of $0.24 Per Share
June 3, 2023
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Option Care Health ($NASDAQ:OPCH), Inc., a national health care provider specializing in home infusion and other related services, is projected to report earnings of $0.24 per share for the third quarter of 2023, according to Defense World. The growth is attributed to an increase in the company’s patient base, as well as a greater focus on cost management and operational efficiency. Option Care Health, Inc. is dedicated to providing high-quality care with minimal disruption to patients and their families. They offer a comprehensive range of home infusion services, including chemotherapy, nutrition, hydration, and specialty treatments.
Additionally, Option Care Health has experience in specialty pharmacy services such as customized dispensing and compound drug therapy. Their focus on providing superior customer service and providing innovative treatments and technologies have been integral to their success. Investors will be looking for another strong quarter from Option Care Health, Inc., as they continue to make investments that will drive future growth and profitability.
Earnings
Option Care Health, Inc. recently released their earnings report for the first quarter of 2023, announcing that they are projecting to earn $0.24 per share. According to the report, OPTION CARE HEALTH has earned a total revenue of $1015.85 million in the first quarter, a 10.9% increase from the prior year, with a net income of $39.21 million, a 29.5% increase from the previous year. Furthermore, OPTION CARE HEALTH’s total revenue has increased dramatically from $759.24 million to $1015.85 million in the last three years. These numbers reflect a growing trend of success for the company and an optimistic outlook for their future earnings.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for OPCH. More…
| Total Revenues | Net Income | Net Margin |
| 4.04k | 159.49 | 3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for OPCH. More…
| Operations | Investing | Financing |
| 324.62 | -108.45 | -63.99 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for OPCH. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.13k | 1.78k | 7.71 |
Key Ratios Snapshot
Some of the financial key ratios for OPCH are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.8% | 344.9% | 6.8% |
| FCF Margin | ROE | ROA |
| 7.1% | 12.4% | 5.5% |
Market Price
The company’s stock opened at $27.8 and closed at $27.2 on Tuesday, a drop of 2.3% from the previous closing price of 27.9. With the company continuing to deliver strong financial returns for its shareholders, analysts are optimistic about the future of Option Care Health, Inc. Live Quote…
Analysis
GoodWhale conducted an extensive analysis of OPTION CARE HEALTH’s fundamentals. Our Star Chart classified the company as a ‘cheetah’, which we concluded achieved high revenue or earnings growth, but is considered less stable due to lower profitability. This type of company will likely appeal to investors looking for higher returns in the short-term. Our analysis also revealed that OPTION CARE HEALTH has an intermediate health score of 6/10. Looking at its cashflows and debt, we concluded that the company is likely able to sustain its operations in times of crisis. Overall, GoodWhale’s analysis found that OPTION CARE HEALTH is strong in growth, medium in profitability and weak in asset and dividend metrics. We believe that this company is well-suited to investors hoping to achieve capital returns in the short-term. More…
Peers
The company’s competitors include LHC Group Inc, Singapore Paincare Holdings Ltd, and New York Health Care Inc.
– LHC Group Inc ($NASDAQ:LHCG)
LHC Group Inc is a healthcare provider that offers a wide range of services to its patients. Its services include home health, hospice, community care, and other services. The company has a market cap of 5.14B as of 2022 and a return on equity of 5.37%. The company’s main focus is on providing quality care to its patients and their families.
– Singapore Paincare Holdings Ltd ($SGX:FRQ)
Singapore Paincare Holdings Ltd has a market cap of 36.82M as of 2022. The company’s Return on Equity for the same year is 13.23%.
Singapore Paincare Holdings Ltd is a healthcare company that focuses on the provision of pain management solutions. The company offers a wide range of services including pain consultation, pain relief treatments, and rehabilitation programs. Singapore Paincare Holdings Ltd also provides education and training on pain management for both healthcare professionals and the general public.
– New York Health Care Inc ($OTCPK:BBAL)
New York Health Care Inc is a healthcare company with a market cap of 335.37k as of 2022. It has a Return on Equity of 21.67%. The company provides healthcare services to patients in the New York area.
Summary
For investors, this news could be seen as a positive development indicating that the company has managed to maintain its growth trajectory despite the challenges posed by the ongoing pandemic. The company has been investing heavily in developing and expanding its operations, and these investments are beginning to pay off now. Analysts suggest that Option Care Health may be able to continue its profitability if it can continue to make strategic investments in its operations and if it can sustain its current market growth. Investors should keep an eye on the company’s future developments as it embarks on its next phase of growth.
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