ASX:RHCHealthcare
Ramsay Health Care (ASX:RHC) Shares Chase Earnings Rebound As 35x P E Looms
Ramsay Health Care stock closed at A$50.06, with investors coming in off a strong three month run and trying to decide if this latest move has already priced in the recovery story. The headline from these results is not the revenue line. It is the earnings swing that has taken net profit margin to 1.8% and pushed trailing earnings much higher than a year ago.
That improvement sits alongside a P/E of about 35x and ongoing pressure from interest costs. The short term bounce now collides with a...