Let’s take a look.
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The S&P/ASX 200 Index (ASX: XJO) is enjoying a decent day of trading this Wednesday. The ASX 200 is currently up 0.16% to 7,515 points at the time of writing. However, in what might be some trepidation about it’s earnings report tomorrow, the Ramsay Health Care Limited (ASX: RHC) share price is not enjoying the same treatment. Ramsay shares are currently trading at the rather unfortunate share price of $66.66, down 0.48% for the day.
So as I just mentioned, Ramsay is scheduled to report its full-year earnings for FY2021 tomorrow morning. But while we wait with bated breath for these numbers, let’s check out what the Ramsay Health Care share price did last time the company had an appointment with its investors.
So Ramsay reported its half-year earnings back in February of this year, 25 February to be precise.
Here’s a summary of what the company reported at the time:
Revenues of $5.9 billion, a 6.6% fall over the previous corresponding period (pcp).
Statutory net profit of $226 million, a 12.5% drop over the pcp.
Diluted earnings per share (EPS) came in at 96.9 cents, a decline of 21.1% over the pcp
Earnings before interest and tax (EBIT) of $583.8 million, a 4.2% slump.
An interim dividend of 48.5 cents per share, fully franked, 21.1% lower than Ramsay’s previous interim payout.
How did the Ramsay Health Care share price respond?
Despite these numbers showing a significant hit from the coronavirus outbreak, investors responded enthusiastically to these earnings back in February. As we covered at the time, investors sent Ramsay shares up around 8% in the first few hours of trading following this release. As it stands today, Ramsay shares are around 5.5% higher than the day before this report became public 6 months ago.
This company is up 6.88% year to date in 2021 so far, but is only up 1.07% over the past 12 months. Disappointingly for its investors, the Ramsay share price is also down close to 12% over the past 5 years.
Should you invest $1,000 in Ramsay Health Care right now?
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Motley Fool contributor Sebastian Bowen owns shares of Ramsay Health Care Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.