HMS Holdings Corp (NASDAQ:HMSY) Set to Announce Quarterly Earnings on Friday
HMS Holdings Corp (NASDAQ:HMSY) is set to issue its quarterly earnings data before the market opens on Friday, August 4th. Analysts expect the company to announce earnings of $0.18 per share for the quarter.
HMS Holdings Corp (NASDAQ:HMSY) last issued its quarterly earnings results on Wednesday, May 10th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. The firm had revenue of $114.50 million during the quarter, compared to analyst estimates of $120.08 million. HMS Holdings Corp had a return on equity of 9.70% and a net margin of 6.92%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. On average, analysts expect HMS Holdings Corp to post $0.81 EPS for the current fiscal year and $0.94 EPS for the next fiscal year.
Shares of HMS Holdings Corp (NASDAQ:HMSY) opened at 19.67 on Friday. The stock has a 50 day moving average price of $18.98 and a 200-day moving average price of $18.87. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 49.17 and a beta of 1.07. HMS Holdings Corp has a 52 week low of $15.94 and a 52 week high of $24.00.
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In other HMS Holdings Corp news, EVP Semone Neuman sold 14,546 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $19.00, for a total transaction of $276,374.00. Following the sale, the executive vice president now owns 122,685 shares in the company, valued at approximately $2,331,015. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bart M. Schwartz bought 1,500 shares of the stock in a transaction on Monday, June 12th. The shares were bought at an average price of $19.28 per share, for a total transaction of $28,920.00. Following the acquisition, the director now owns 46,868 shares in the company, valued at approximately $903,615.04. The disclosure for this purchase can be found here. 3.20% of the stock is currently owned by corporate insiders.
A number of research firms recently weighed in on HMSY. Jefferies Group LLC restated a “hold” rating and issued a $21.50 price target on shares of HMS Holdings Corp in a report on Wednesday, July 19th. Canaccord Genuity began coverage on HMS Holdings Corp in a report on Tuesday, July 11th. They issued a “buy” rating and a $22.00 price target on the stock. Cantor Fitzgerald began coverage on HMS Holdings Corp in a report on Wednesday, June 14th. They issued an “overweight” rating and a $23.00 price target on the stock. Zacks Investment Research upgraded HMS Holdings Corp from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, TheStreet cut HMS Holdings Corp from a “b” rating to a “c+” rating in a report on Friday, May 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.06.
HMS Holdings Corp Company Profile
HMS Holdings Corp. is a holding company. The Company, through its subsidiaries, operates in the United States healthcare insurance benefit cost containment marketplace. It provides coordination of benefits services to government, and private healthcare payers and sponsors. Its payment integrity services ensure that healthcare claims billed are accurate and appropriate.
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