Allscripts Healthcare Solutions, Inc. (MDRX) to Release Quarterly Earnings on Wednesday
Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) is set to announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Allscripts Healthcare Solutions has set its FY17 guidance at $0.61-0.63 EPS.
Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its earnings results on Thursday, August 3rd. The software maker reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). The business had revenue of $426.10 million for the quarter, compared to the consensus estimate of $424.94 million. Allscripts Healthcare Solutions had a negative net margin of 11.54% and a positive return on equity of 5.97%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. On average, analysts expect Allscripts Healthcare Solutions to post $0.45 EPS for the current fiscal year and $0.57 EPS for the next fiscal year.
Shares of Allscripts Healthcare Solutions, Inc. (MDRX) opened at 13.98 on Wednesday. The company’s market cap is $2.52 billion. The firm’s 50-day moving average price is $13.85 and its 200 day moving average price is $12.73. Allscripts Healthcare Solutions, Inc. has a 52 week low of $9.80 and a 52 week high of $14.45.
In other news, EVP Brian Farley sold 5,000 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $13.52, for a total value of $67,600.00. Following the transaction, the executive vice president now owns 196,607 shares of the company’s stock, valued at approximately $2,658,126.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Richard J. Poulton sold 15,000 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $13.56, for a total value of $203,400.00. The disclosure for this sale can be found here. In the last three months, insiders sold 35,000 shares of company stock worth $473,800. 0.75% of the stock is currently owned by company insiders.
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A number of equities research analysts recently commented on the company. Citigroup Inc. increased their price target on Allscripts Healthcare Solutions from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. Cantor Fitzgerald restated a “buy” rating and set a $17.00 price target (up from $15.00) on shares of Allscripts Healthcare Solutions in a research report on Monday, August 14th. Royal Bank Of Canada assumed coverage on Allscripts Healthcare Solutions in a research report on Tuesday, September 19th. They set an “outperform” rating and a $17.00 price target on the stock. Robert W. Baird restated a “buy” rating and set a $16.00 price target on shares of Allscripts Healthcare Solutions in a research report on Tuesday, October 17th. Finally, Zacks Investment Research upgraded Allscripts Healthcare Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. Allscripts Healthcare Solutions presently has an average rating of “Hold” and an average target price of $15.00.
Allscripts Healthcare Solutions Company Profile
Allscripts Healthcare Solutions, Inc (Allscripts) delivers information technology (IT) solutions and services to help healthcare organizations. The Company operates through three segments: Clinical and Financial Solutions, Population Health, and Netsmart. The Clinical and Financial Solutions segment includes the sale of integrated clinical software applications and financial and information solutions.
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