$148.13 Million in Sales Expected for HMS Holdings Corp (HMSY) This Quarter
Brokerages expect that HMS Holdings Corp (NASDAQ:HMSY) will report $148.13 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for HMS Holdings Corp’s earnings, with the highest sales estimate coming in at $150.42 million and the lowest estimate coming in at $146.10 million. HMS Holdings Corp reported sales of $124.60 million in the same quarter last year, which indicates a positive year-over-year growth rate of 18.9%. The business is scheduled to announce its next earnings results before the market opens on Friday, November 3rd.
According to Zacks, analysts expect that HMS Holdings Corp will report full year sales of $148.13 million for the current fiscal year, with estimates ranging from $555.54 million to $566.85 million. For the next financial year, analysts expect that the firm will report sales of $632.63 million per share, with estimates ranging from $623.30 million to $638.27 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for HMS Holdings Corp.
HMS Holdings Corp (NASDAQ:HMSY) last posted its quarterly earnings results on Friday, August 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. The business had revenue of $133.31 million for the quarter, compared to analysts’ expectations of $135.96 million. During the same period in the prior year, the business posted $0.18 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year.
A number of brokerages have weighed in on HMSY. Canaccord Genuity reiterated a “buy” rating and issued a $22.00 price objective on shares of HMS Holdings Corp in a research note on Monday. BidaskClub cut HMS Holdings Corp from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Tuesday, August 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $21.50 price objective on shares of HMS Holdings Corp in a research note on Wednesday, July 19th. Finally, UBS AG upgraded HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $22.94.
HMS Holdings Corp (NASDAQ HMSY) opened at 19.01 on Tuesday. HMS Holdings Corp has a 52-week low of $15.94 and a 52-week high of $21.83. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 54.16 and a beta of 1.13. The firm’s 50-day moving average is $19.34 and its 200-day moving average is $18.94.
In other news, insider Douglas M. Williams sold 13,140 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $17.78, for a total transaction of $233,629.20. Following the completion of the sale, the insider now owns 121,264 shares in the company, valued at $2,156,073.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman William C. Lucia sold 29,894 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $20.00, for a total value of $597,880.00. Following the sale, the chairman now owns 222,745 shares of the company’s stock, valued at approximately $4,454,900. The disclosure for this sale can be found here. Insiders have sold 86,675 shares of company stock valued at $1,602,166 in the last 90 days. Company insiders own 3.20% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in HMSY. BlackRock Inc. raised its stake in shares of HMS Holdings Corp by 136,087.1% during the first quarter. BlackRock Inc. now owns 10,239,908 shares of the business services provider’s stock worth $208,179,000 after purchasing an additional 10,232,389 shares during the last quarter. Cambiar Investors LLC purchased a new stake in shares of HMS Holdings Corp during the second quarter worth approximately $14,895,000. Vanguard Group Inc. raised its stake in shares of HMS Holdings Corp by 5.8% during the first quarter. Vanguard Group Inc. now owns 8,363,369 shares of the business services provider’s stock worth $170,028,000 after purchasing an additional 455,459 shares during the last quarter. Peregrine Capital Management LLC purchased a new stake in shares of HMS Holdings Corp during the second quarter worth approximately $6,464,000. Finally, Van Berkom & Associates Inc. raised its stake in shares of HMS Holdings Corp by 9.1% during the second quarter. Van Berkom & Associates Inc. now owns 3,517,939 shares of the business services provider’s stock worth $65,082,000 after purchasing an additional 292,560 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.
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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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