Digirad Corporation (DRAD) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Digirad Corporation (NASDAQ:DRAD) released its earnings results on Friday. The medical equipment provider reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.04, Bloomberg Earnings reports. The firm had revenue of $28.56 million during the quarter, compared to analyst estimates of $31.21 million. Digirad Corporation had a negative net margin of 2.60% and a positive return on equity of 8.58%.
Digirad Corporation (DRAD) opened at $2.45 on Friday. The company has a market cap of $48.95, a PE ratio of 8.45 and a beta of 1.85. Digirad Corporation has a 12 month low of $1.90 and a 12 month high of $5.68. The company has a quick ratio of 0.99, a current ratio of 1.31 and a debt-to-equity ratio of 0.29.
ILLEGAL ACTIVITY WARNING: “Digirad Corporation (DRAD) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS” was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.watchlistnews.com/digirad-corporation-drad-posts-quarterly-earnings-results-beats-expectations-by-0-04-eps/1680124.html.
Separately, B. Riley reaffirmed a “buy” rating and issued a $6.40 price target on shares of Digirad Corporation in a research note on Monday, July 31st.
Digirad Corporation Company Profile
Digirad Corporation provides healthcare solutions. The Company’s segments include Diagnostic Services, Mobile Healthcare, Diagnostic Imaging and Medical Device Sales and Services. Through Diagnostic Services, the Company offers an imaging services program as an alternative to purchasing equipment or outsourcing the procedures to another physician or imaging center.
Receive News & Ratings for Digirad Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digirad Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.