Cerner Corporation (CERN) Expected to Earn Q1 2018 Earnings of $0.58 Per Share
Cerner Corporation (NASDAQ:CERN) – Stock analysts at William Blair issued their Q1 2018 earnings per share estimates for Cerner Corporation in a research report issued to clients and investors on Thursday. William Blair analyst J. Garro anticipates that the company will post earnings per share of $0.58 for the quarter. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Cerner Corporation’s Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.65 EPS and Q4 2018 earnings at $0.70 EPS.
A number of other brokerages also recently weighed in on CERN. BidaskClub downgraded shares of Cerner Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 15th. KeyCorp restated a “buy” rating and set a $76.00 target price on shares of Cerner Corporation in a report on Friday, September 22nd. Jefferies Group LLC restated a “buy” rating and set a $74.00 target price on shares of Cerner Corporation in a report on Thursday, July 6th. Canaccord Genuity restated a “buy” rating and set a $69.00 target price on shares of Cerner Corporation in a report on Wednesday, September 6th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $77.00 target price on shares of Cerner Corporation in a report on Tuesday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $67.56.
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Cerner Corporation (NASDAQ CERN) traded up 2.73% on Friday, reaching $73.71. 739,044 shares of the company’s stock traded hands. The stock’s 50 day moving average is $69.63 and its 200 day moving average is $65.33. Cerner Corporation has a 52-week low of $47.01 and a 52-week high of $73.79. The firm has a market cap of $24.44 billion, a price-to-earnings ratio of 37.25 and a beta of 0.95.
Cerner Corporation (NASDAQ:CERN) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.01). The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. Cerner Corporation had a net margin of 13.47% and a return on equity of 18.18%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 EPS.
A number of institutional investors and hedge funds have recently made changes to their positions in CERN. Johnson Financial Group Inc. increased its holdings in Cerner Corporation by 2.6% in the 1st quarter. Johnson Financial Group Inc. now owns 1,870 shares of the company’s stock worth $110,000 after acquiring an additional 47 shares during the last quarter. Advisory Services Network LLC increased its holdings in Cerner Corporation by 4.4% in the 2nd quarter. Advisory Services Network LLC now owns 1,648 shares of the company’s stock worth $110,000 after acquiring an additional 70 shares during the last quarter. Acrospire Investment Management LLC increased its holdings in Cerner Corporation by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,800 shares of the company’s stock worth $120,000 after acquiring an additional 900 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in Cerner Corporation in the 2nd quarter worth about $130,000. Finally, Sun Life Financial INC increased its holdings in Cerner Corporation by 23,700.0% in the 2nd quarter. Sun Life Financial INC now owns 2,142 shares of the company’s stock worth $142,000 after acquiring an additional 2,133 shares during the last quarter. 78.94% of the stock is owned by institutional investors.
In other Cerner Corporation news, COO Michael Nill sold 99,470 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $70.45, for a total transaction of $7,007,661.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Clifford W. Illig sold 118,113 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $62.03, for a total value of $7,326,549.39. Following the transaction, the chairman now owns 1,229,719 shares in the company, valued at $76,279,469.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 371,583 shares of company stock worth $24,758,191. Company insiders own 13.20% of the company’s stock.
Cerner Corporation Company Profile
Cerner Corporation (Cerner) is a supplier of healthcare information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations of all sizes. The Company’s segments include Domestic and Global. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States.
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