Healthways (HWAY) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS
Healthways (NASDAQ:HWAY) posted its quarterly earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.08, AnalystRatingsNetwork reports. The company had revenue of $166.60 million for the quarter, compared to the consensus estimate of $185.74 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Healthways updated its Q4 guidance to $0.00-0.06 EPS and its FY13 guidance to -$0.04-0.10 EPS.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Healthways in a research note to investors on Tuesday. They set a “neutral” rating on the stock. On a related note, analysts at Stephens initiated coverage on shares of Healthways in a research note to investors on Wednesday, October 2nd. They set an “underweight” rating on the stock. Finally, analysts at William Blair downgraded shares of Healthways to a “market perform” rating in a research note to investors on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.17.
Healthways (NASDAQ:HWAY) traded up 1.35% during mid-day trading on Thursday, hitting $16.54. The stock had a trading volume of 712,766 shares. Healthways has a 52 week low of $8.58 and a 52 week high of $22.20. The stock has a 50-day moving average of $18.83 and a 200-day moving average of $15.20. The company has a market cap of $568.9 million and a price-to-earnings ratio of 960.00.
Healthways, Inc provides solutions to help people improve physical, emotional and social well-being. The Company provides specific and personalized interventions for each individual in a population, irrespective of health status, age or payor.
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