On Thursday, Shares of MEDNAX (NYSE: MD) lost -1.05% to $29.32. The stock grabbed the investor’s attention and traded 1,247,561 shares as compared to its average daily volume of 1.29M shares. The stock’s institutional ownership stands at 96.00%.
Mednax Inc. (MD) stated fourth-quarter profit of $60.20M. The Sunrise, Florida-based Company said it had net income of 68 cents per share. Earnings, adjusted for amortization costs and stock option expense, came to 92 cents per share. The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.
The physician group posted revenue of $932.70M in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $907.20M.
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For the year, the company stated profit of $268.60M, or $2.93 per share. Revenue was stated as $3.650B. For the current quarter ending in April, Mednax anticipates its per-share earnings to range from 67 cents to 75 cents.
MD has a market value of $2.57B while its EPS was booked as $2.93 in the last 12 months. The stock has 87.70M shares outstanding. Beta value of the company was 0.57; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.50.
Tom, aka T Rex, is seasoned financial pro that cut his teeth on the Chicago trading oil futures in 1995. In less than 3 years he bought his own seat and set up shop on the exchange. For the next 10 years Rex traded his own account and some institutional accounts. In 2017, he decided to move to Florida and focus on educating traders and writing for financial websites.