$179.26 Million in Sales Expected for Cotiviti Holdings, Inc. (COTV) This Quarter
Wall Street analysts expect Cotiviti Holdings, Inc. (NYSE:COTV) to post sales of $179.26 million for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Cotiviti Holdings’ earnings, with estimates ranging from $176.80 million to $181.50 million. Cotiviti Holdings reported sales of $167.91 million in the same quarter last year, which suggests a positive year over year growth rate of 6.8%. The business is expected to issue its next quarterly earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that Cotiviti Holdings will report full year sales of $179.26 million for the current financial year, with estimates ranging from $678.70 million to $694.00 million. For the next year, analysts forecast that the business will post sales of $765.09 million per share, with estimates ranging from $753.20 million to $800.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Cotiviti Holdings.
Cotiviti Holdings (NYSE:COTV) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $174.20 million for the quarter, compared to the consensus estimate of $174.01 million. Cotiviti Holdings had a net margin of 13.86% and a return on equity of 13.61%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS.
In other Cotiviti Holdings news, CEO J Douglas Williams sold 16,655 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $31.25, for a total transaction of $520,468.75. Following the completion of the transaction, the chief executive officer now directly owns 2,776,606 shares in the company, valued at $86,768,937.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO David Beaulieu sold 5,000 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $35.00, for a total transaction of $175,000.00. Following the transaction, the chief operating officer now owns 43,133 shares of the company’s stock, valued at $1,509,655. The disclosure for this sale can be found here. Insiders have sold 121,731 shares of company stock worth $4,204,859 over the last three months. 15.80% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. FMR LLC raised its position in Cotiviti Holdings by 31.1% during the second quarter. FMR LLC now owns 2,664,830 shares of the business services provider’s stock worth $98,972,000 after acquiring an additional 631,655 shares during the period. Vanguard Group Inc. raised its position in Cotiviti Holdings by 18.0% during the second quarter. Vanguard Group Inc. now owns 2,509,612 shares of the business services provider’s stock worth $93,207,000 after acquiring an additional 382,020 shares during the period. JPMorgan Chase & Co. raised its position in Cotiviti Holdings by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 2,087,341 shares of the business services provider’s stock worth $74,414,000 after acquiring an additional 99,100 shares during the period. Eagle Asset Management Inc. raised its position in Cotiviti Holdings by 10.2% during the second quarter. Eagle Asset Management Inc. now owns 1,904,283 shares of the business services provider’s stock worth $70,725,000 after acquiring an additional 176,870 shares during the period. Finally, Brown Advisory Inc. raised its position in Cotiviti Holdings by 63.1% during the third quarter. Brown Advisory Inc. now owns 1,351,344 shares of the business services provider’s stock worth $48,621,000 after acquiring an additional 522,956 shares during the period. Institutional investors own 89.01% of the company’s stock.
Shares of Cotiviti Holdings (COTV) opened at $31.74 on Wednesday. The company has a market cap of $2,871.74, a price-to-earnings ratio of 21.74, a PEG ratio of 1.76 and a beta of 0.90. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. Cotiviti Holdings has a twelve month low of $29.19 and a twelve month high of $45.97.
Cotiviti Holdings Company Profile
Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company focuses primarily on the healthcare sector. The Company operates through two segments: Healthcare, and Global Retail and Other. Through its Healthcare segment, the Company offers prospective and retrospective claims accuracy solutions to healthcare payers in the United States.
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