Zacks: Analysts Expect HMS Holdings Corp (HMSY) Will Post Earnings of $0.22 Per Share
Equities analysts predict that HMS Holdings Corp (NASDAQ:HMSY) will post earnings per share of $0.22 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for HMS Holdings Corp’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.21. HMS Holdings Corp reported earnings per share of $0.24 during the same quarter last year, which would indicate a negative year over year growth rate of 8.3%. The company is expected to announce its next quarterly earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that HMS Holdings Corp will report full-year earnings of $0.80 per share for the current year, with EPS estimates ranging from $0.76 to $0.83. For the next fiscal year, analysts forecast that the firm will report earnings of $0.93 per share, with EPS estimates ranging from $0.87 to $0.96. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for HMS Holdings Corp.
HMS Holdings Corp (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, August 4th. The business services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The firm had revenue of $133.31 million for the quarter, compared to analysts’ expectations of $135.96 million. HMS Holdings Corp had a net margin of 6.37% and a return on equity of 9.26%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 EPS.
Several equities analysts recently issued reports on the company. Robert W. Baird reissued a “buy” rating and set a $22.00 target price on shares of HMS Holdings Corp in a research note on Thursday, August 31st. Jefferies Group LLC reissued a “hold” rating and set a $21.50 target price on shares of HMS Holdings Corp in a research note on Tuesday, August 22nd. BidaskClub lowered HMS Holdings Corp from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Raymond James Financial, Inc. raised HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a research note on Thursday, August 10th. Finally, UBS AG raised HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. HMS Holdings Corp currently has an average rating of “Buy” and an average price target of $22.94.
Shares of HMS Holdings Corp (HMSY) traded up 0.26% during trading on Thursday, hitting $19.21. The stock had a trading volume of 241,379 shares. HMS Holdings Corp has a 12 month low of $15.94 and a 12 month high of $23.06. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 54.73 and a beta of 1.10. The company’s 50 day moving average price is $18.16 and its 200 day moving average price is $18.84.
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In other HMS Holdings Corp news, EVP Semone Neuman sold 20,734 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $17.68, for a total value of $366,577.12. Following the sale, the executive vice president now owns 96,722 shares of the company’s stock, valued at approximately $1,710,044.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Cynthia Nustad sold 22,907 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $17.64, for a total value of $404,079.48. Following the completion of the sale, the executive vice president now directly owns 73,877 shares in the company, valued at approximately $1,303,190.28. The disclosure for this sale can be found here. Insiders sold a total of 56,781 shares of company stock worth $1,004,286 in the last ninety days. 3.20% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its holdings in shares of HMS Holdings Corp by 80.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 2,492 shares during the last quarter. LS Investment Advisors LLC increased its holdings in shares of HMS Holdings Corp by 48.3% in the 1st quarter. LS Investment Advisors LLC now owns 5,512 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 1,795 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of HMS Holdings Corp in the 1st quarter valued at about $148,000. Koch Industries Inc. purchased a new position in shares of HMS Holdings Corp in the 2nd quarter valued at about $197,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of HMS Holdings Corp in the 2nd quarter valued at about $198,000. Institutional investors and hedge funds own 93.09% of the company’s stock.
About HMS Holdings Corp
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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