Taking on analysts’ expectations and winning: Enhabit Inc. (EHAB)

Enhabit Inc. (NYSE: EHAB) stock jumped 3.78% on Wednesday to $13.74 against a previous-day closing price of $13.24. With 0.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.67 million shares. During the session, the Medical Care Facilities company that operates in wider Healthcare sector, reached to the highest price of $13.97 whereas the lowest price it dropped to was $12.89. The 52-week range on EHAB shows that it touched its highest point at $25.25 and its lowest point at $11.65 during that stretch. It currently has a 1-year price target of $16.25.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EHAB was up-trending over the past week, with a rise of 12.07%, but this was down by -1.15% over a month. A look at the trailing 12-month EPS for EHAB yields 2.02 with Next year EPS estimates of 1.21. For the next quarter, that number is 0.25. This implies an EPS growth rate of 49.70% for this year and -14.88% for next year.

Float and Shares Shorts:

At present, 49.60 million EHAB shares are outstanding with a float of 48.98 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.02 million, which was 4.08% higher than short shares on Sep 14, 2022. In addition to Ms. Barbara Ann Jacobsmeyer B.S., M.A., P.T. as the firm’s Pres, CEO & Director, Ms. Crissy Buchanan Carlisle serves as its Chief Financial Officer.


Institutional Ownership:

Through their ownership of 46.65% of EHAB’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 53.13% of EHAB, in contrast to 45.40% held by mutual funds. Shares owned by individuals account for 1.21%. As the largest shareholder in EHAB with 12.90% of the stake, BlackRock Fund Advisors holds 6,399,637 shares worth 6,399,637. A second-largest stockholder of EHAB, The Vanguard Group, Inc., holds 5,483,339 shares, controlling over 11.05% of the firm’s shares. Deerfield Management Co. LP is the third largest shareholder in EHAB, holding 2,846,000 shares or 5.74% stake. With a 7.42% stake in EHAB, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 3,681,558 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 3.03% of EHAB stock, is the second-largest Mutual Fund holder. It holds 1,501,468 shares valued at 18.65 million. Vanguard Small Cap Index Fund holds 2.57% of the stake in EHAB, owning 1,277,159 shares worth 15.86 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EHAB since 5 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EHAB analysts setting a high price target of $20.00 and a low target of $13.00, the average target price over the next 12 months is $16.25. Based on these targets, EHAB could surge 45.56% to reach the target high and fall by -5.39% to reach the target low. Reaching the average price target will result in a growth of 18.27% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.48 being high and $1.32 being low. For EHAB, this leads to a yearly average estimate of $1.42. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Enhabit Inc. surprised analysts by -$0.10 when it reported $0.19 EPS against a consensus estimate of $0.29. The surprise factor in the prior quarter was -$0.02. Based on analyst estimates, the high estimate for the next quarter is $0.40 and the low estimate is $0.16. The average estimate for the next quarter is thus $0.25.

Summary of Insider Activity:

Insiders traded EHAB stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 1,550 shares were bought while 0 shares were sold. The number of buy transactions has increased to 45 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 709,076 while 3,853,248 shares were sold.

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