athenahealth, Inc. (ATHN) Set to Announce Quarterly Earnings on Wednesday
athenahealth, Inc. (NASDAQ:ATHN) will be announcing its earnings results after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.53 per share for the quarter.
athenahealth (NASDAQ:ATHN) last released its earnings results on Thursday, July 20th. The health services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.12. The company had revenue of $301.10 million for the quarter, compared to the consensus estimate of $298.68 million. athenahealth had a net margin of 2.80% and a return on equity of 6.91%. athenahealth’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, analysts expect athenahealth to post $1.91 EPS for the current fiscal year and $2.46 EPS for the next fiscal year.
Shares of athenahealth, Inc. (ATHN) opened at 120.14 on Wednesday. The firm’s 50-day moving average is $129.99 and its 200 day moving average is $130.17. athenahealth, Inc. has a 52-week low of $90.11 and a 52-week high of $158.66. The stock has a market cap of $4.80 billion, a P/E ratio of 152.46 and a beta of 1.76.
ATHN has been the topic of several research reports. William Blair reissued a “market perform” rating on shares of athenahealth in a research report on Friday, July 21st. Robert W. Baird reissued a “buy” rating and set a $170.00 price target on shares of athenahealth in a research report on Thursday, August 31st. KeyCorp reissued a “buy” rating and set a $170.00 price target on shares of athenahealth in a research report on Sunday, September 17th. Argus initiated coverage on athenahealth in a research report on Friday, July 7th. They set a “hold” rating on the stock. Finally, J P Morgan Chase & Co set a $136.00 price target on athenahealth and gave the company a “hold” rating in a research report on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $149.91.
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In other news, Director Brandon H. Hull sold 800 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $140.01, for a total value of $112,008.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jonathan D. Porter sold 300 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $143.13, for a total value of $42,939.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,505 shares of company stock valued at $2,240,851. Insiders own 3.20% of the company’s stock.
An institutional investor recently raised its position in athenahealth stock. The Manufacturers Life Insurance Company grew its stake in shares of athenahealth, Inc. (NASDAQ:ATHN) by 7.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,179 shares of the health services provider’s stock after purchasing an additional 84 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in athenahealth were worth $166,000 as of its most recent SEC filing.
athenahealth Company Profile
athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.
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