Stifel Expects Solid Fiscal Q1 From Quipt Home Medical 2023-02-08 10:40:22 AM ET (MT Newswires)
10:40 AM EST, 02/08/2023 (MT Newswires) -- Stifel said Wednesday that it expects Quipt Home Medical Corp. (QIPT.V), a US-based home healthcare network, to post solid results in its fiscal first quarter, with an estimated 39% year-on-year increase in revenue and good margins that represent 22% of EBITDA.
Stifel said its estimate reflects a more accurate closing date for recent M&A. The company ended the quarter with the US$80 million acquisition of Great Elms and has been expanding its sales force.
Quipt received a $12.75 price target with a buy rating.