Equities analysts predict that Joint Corp (NASDAQ:JYNT) will announce earnings of ($0.08) per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Joint’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at ($0.06). Joint posted earnings of $0.03 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 366.7%. The firm is expected to issue its next quarterly earnings report on Thursday, August 13th.
According to Zacks, analysts expect that Joint will report full year earnings of $0.04 per share for the current fiscal year, with EPS estimates ranging from $0.01 to $0.07. For the next year, analysts anticipate that the business will post earnings of $0.29 per share, with EPS estimates ranging from $0.26 to $0.32. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Joint.
Joint (NASDAQ:JYNT) last posted its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $13.64 million during the quarter, compared to the consensus estimate of $13.03 million. Joint had a net margin of 6.20% and a return on equity of 66.44%.
NASDAQ:JYNT traded up $1.00 during trading hours on Wednesday, hitting $14.87. 1,512 shares of the stock were exchanged, compared to its average volume of 118,545. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.02. Joint has a twelve month low of $7.67 and a twelve month high of $21.80. The company has a market capitalization of $193.39 million, a P/E ratio of 67.59 and a beta of 1.16. The company’s 50 day moving average is $14.35 and its two-hundred day moving average is $14.29.
Institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace North America L.P. bought a new position in Joint during the 1st quarter valued at about $47,000. California Public Employees Retirement System bought a new position in shares of Joint during the fourth quarter valued at approximately $369,000. Principal Financial Group Inc. purchased a new stake in shares of Joint in the fourth quarter worth approximately $174,000. State Street Corp lifted its stake in shares of Joint by 2.5% during the 4th quarter. State Street Corp now owns 252,138 shares of the company’s stock worth $4,070,000 after acquiring an additional 6,203 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Joint by 4,641.7% during the 4th quarter. Bank of Montreal Can now owns 54,198 shares of the company’s stock valued at $875,000 after acquiring an additional 53,055 shares during the period. Institutional investors own 76.24% of the company’s stock.
The Joint Corp. develops, owns, operates, supports, and manages chiropractic clinics. The company operates through two segments, Corporate Clinics and Franchise Operations. It operates through direct ownership, management arrangements, franchising, and the sale of regional developer rights. As of March 07, 2019, the company operated 450 clinics in the United States.
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