athenahealth Inc. (ATHN) Updates FY13 Earnings Guidance
athenahealth Inc. (NASDAQ:ATHN) issued an update on its FY13 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.05-1.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.03, American Banking News reports. The company issued revenue guidance of $580-615 million, compared to the consensus revenue estimate of $594.53 million.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a hold rating on shares of athenahealth in a research note to investors on Monday. They now have a $115.00 price target on the stock. On a related note, analysts at ISI Group raised their price target on shares of athenahealth from $111.00 to $118.00 in a research note to investors on Monday. They now have a neutral rating on the stock. Finally, analysts at Leerink Swann downgraded shares of athenahealth from an outperform rating to a market perform rating in a research note to investors on Tuesday, September 24th. They now have a $120.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. athenahealth presently has an average rating of Hold and an average target price of $102.27.
Shares of athenahealth Inc. (NASDAQ:ATHN) traded down 1.59% on Thursday, hitting $105.465. 682,295 shares of the company’s stock traded hands. athenahealth Inc. has a one year low of $56.33 and a one year high of $117.72. The stock’s 50-day moving average is $110.1 and its 200-day moving average is $99.75. The company has a market cap of $3.886 billion and a price-to-earnings ratio of 17861.33.
athenahealth (NASDAQ:ATHN) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.31 by $0.02. The company had revenue of $151.50 million for the quarter, compared to the consensus estimate of $154.80 million. During the same quarter last year, the company posted $0.30 earnings per share. athenahealth’s revenue was up 43.1% compared to the same quarter last year. Analysts expect that athenahealth Inc. will post $1.02 EPS for the current fiscal year.
In other athenahealth news, CMO Robert Cosinuke sold 6,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $108.21, for a total transaction of $649,260.00. Following the completion of the transaction, the chief marketing officer now directly owns 53,321 shares in the company, valued at approximately $5,769,865. The transaction was disclosed in a document filed with the SEC, which is available at this link.
athenahealth, Inc (NASDAQ:ATHN), is a business services company, which provides ongoing billing, clinical-related, and other related services to its customers.
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