27.7 F
New York
Thursday, January 21, 2021

Omega Healthcare Investors Inc. (NYSE:OHI) Recent Earnings Shows Major Promise

Must read

Grayscale Bitcoin Trust (Btc) (OTCMKTS:GBTC) Consolidates After Solid Rally

There have hardly been many bigger stories in the year than the roaring comeback made by Bitcoin. That has come as a...

Why Is Everyone Talking About Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Stock?

Investors who are looking for fast-moving stocks have had have made options in recent days. One stock that certainly stands out is...

Nano One Materials Corp (OTCMKTS:NNOMF) Signs Cathode Evaluation Agreement: Stock Reacts

Over the past week, there have been many stocks that have managed to generate significant gains and one of those is Nano...

Grayscale Bitcoin Trust (OTCMKTS:GBTC) Extends Rally As Bitcoin Jumps

One of the bigger stories of the year so far has been the massive gains made by Bitcoin. This week BTC hit...

Omega Healthcare Investors Inc. (OHI) shares are trading at higher $37.91 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $36.00.

To add more color to this target, the company’s high over the last year is $45.22 and the low is $13.33. Over the last 52 weeks, OHI is down -10.76% while the S&P 500 is up 17.22%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, OHI reported a profit of 39.48 million. Omega Healthcare Investors Inc. also saw revenues decrease to $119.18 million. In addition, OHI has free cash flow of $394.66 million as of 09-2020. The company’s EBITDA came in at $40.4 million which compares well with its peers.

OHI booked profit margins of 18.00%, its Return on Equity (ROE) is 4.00%, and its Return on Assets is 1.60%. All told, it is clear that, OHI needs to be on your watchlist.

Find out when OHI reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. OHI has a short ratio of 5.19 and outstanding shares of 227.51M.

Company Outlook

OHI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.09 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.67. Investors should also keep an eye on sector updates as OHI has historically followed its peers on positive news.

All told, Omega Healthcare Investors Inc. OHI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, OHI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Omega Healthcare Investors Inc. OHI is now commanding a market cap of 8.61B and a float of 225.85M. OHI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of OHI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in OHI, either long or short, and we have not been compensated for this article.

Latest article

Artificial Intelligence Technology Solutions (OTCMKTS: AITX) Moves Up Quickly On Solid Volume

The artificial intelligence industry has grown at a remarkable pace over the past half a decade or so and over the coming...

Signal Advance Inc (OTCMKTS:SIGL) Makes a Big Move, Again.

Speculation and confusion can often lead to strange occurrences on the stock markets and that is what happened...

Ozop Energy Solutions Inc (OTCMKTS:OZSC) Remains Volatile: Stock in Focus

Those who are looking to discover stocks that may have made big moves over the course of the past week could consider...

Data Storage Corp (OTCMKTS:DTST) Gets Sudden Attention: What’s The Buzz?

One of the stocks to have made significant gains this week was that of Data Storage Corp (OTCMKTS:DTST). The Data Storage Corporation...

A Closer Looks at American Battery Metals Corp (OTCMKTS:ABML) Developments

American Battery Metals Corp (OTCMKTS:ABML) is one of the stocks to have been in focus among investors over the course of the...