MedAssets, Inc. (MDAS) Issues FY14 Earnings Guidance
MedAssets, Inc. (NASDAQ:MDAS) updated its FY14 earnings guidance on Wednesday. The company provided EPS guidance of $1.33-1.43 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.40, American Banking & Market News reports.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of MedAssets in a research note on Tuesday, February 18th. They set a buy rating on the stock. On a related note, analysts at RBC Capital initiated coverage on shares of MedAssets in a research note on Thursday, February 13th. They set a sector perform rating and a $21.00 price target on the stock. Finally, analysts at Zacks upgraded shares of MedAssets from an underperform rating to a neutral rating in a research note on Monday, January 6th. They now have a $20.50 price target on the stock. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. MedAssets presently has a consensus rating of Buy and an average price target of $25.68.
MedAssets, Inc. (NASDAQ:MDAS) traded up 1.05% during mid-day trading on Wednesday, hitting $22.07. 642,006 shares of the company’s stock traded hands. MedAssets, Inc. has a one year low of $16.31 and a one year high of $26.58. The stock’s 50-day moving average is $21.23 and its 200-day moving average is $22.45. The company has a market cap of $1.365 billion and a price-to-earnings ratio of 260.00.
MedAssets (NASDAQ:MDAS) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.02. The company had revenue of $170.50 million for the quarter, compared to the consensus estimate of $165.64 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts predict that MedAssets, Inc. will post $1.30 earnings per share for the current fiscal year.
MedAssets, Inc (NASDAQ:MDAS) provides technology-enabled products and services.
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