$0.43 Earnings Per Share Expected for Cotiviti Holdings Inc (COTV) This Quarter

Equities analysts forecast that Cotiviti Holdings Inc (NYSE:COTV) will announce earnings per share of $0.43 for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Cotiviti’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.42. Cotiviti posted earnings per share of $0.39 in the same quarter last year, which suggests a positive year-over-year growth rate of 10.3%. The company is expected to announce its next earnings results after the market closes on Wednesday, February 21st.

On average, analysts expect that Cotiviti will report full-year earnings of $1.53 per share for the current financial year, with EPS estimates ranging from $1.53 to $1.54. For the next year, analysts expect that the business will report earnings of $1.69 per share, with EPS estimates ranging from $1.62 to $1.89. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Cotiviti.

Cotiviti (NYSE:COTV) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $174.20 million during the quarter, compared to analysts’ expectations of $174.01 million. Cotiviti had a return on equity of 13.61% and a net margin of 13.86%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share.

Several analysts recently issued reports on COTV shares. Jefferies Group cut their target price on Cotiviti from $41.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Deutsche Bank initiated coverage on Cotiviti in a report on Friday, December 8th. They set a “hold” rating and a $34.00 price target for the company. SunTrust Banks reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Cotiviti in a research note on Friday, November 10th. Zacks Investment Research lowered Cotiviti from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Finally, Robert W. Baird reissued a “buy” rating and set a $44.00 price target on shares of Cotiviti in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Cotiviti presently has a consensus rating of “Hold” and a consensus target price of $41.14.

In other news, COO David Beaulieu sold 15,000 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $35.00, for a total value of $525,000.00. Following the completion of the transaction, the chief operating officer now owns 49,573 shares of the company’s stock, valued at approximately $1,735,055. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO J Douglas Williams sold 16,655 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $31.25, for a total value of $520,468.75. Following the completion of the transaction, the chief executive officer now directly owns 2,776,606 shares of the company’s stock, valued at approximately $86,768,937.50. The disclosure for this sale can be found here. In the last three months, insiders sold 193,221 shares of company stock valued at $6,447,073. Insiders own 15.80% of the company’s stock.

Several hedge funds have recently modified their holdings of COTV. FMR LLC raised its holdings in Cotiviti by 31.1% in the 2nd quarter. FMR LLC now owns 2,664,830 shares of the business services provider’s stock worth $98,972,000 after purchasing an additional 631,655 shares during the period. Victory Capital Management Inc. purchased a new stake in Cotiviti during the 3rd quarter worth approximately $20,902,000. Brown Advisory Inc. increased its stake in Cotiviti by 63.1% during the 3rd quarter. Brown Advisory Inc. now owns 1,351,344 shares of the business services provider’s stock worth $48,621,000 after buying an additional 522,956 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Cotiviti by 95.9% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 991,543 shares of the business services provider’s stock worth $35,676,000 after buying an additional 485,316 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Cotiviti by 18.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,509,612 shares of the business services provider’s stock worth $93,207,000 after buying an additional 382,020 shares in the last quarter. 86.01% of the stock is owned by institutional investors and hedge funds.

Shares of Cotiviti (NYSE COTV) traded up $0.35 on Friday, reaching $35.00. The company’s stock had a trading volume of 1,491,596 shares, compared to its average volume of 350,359. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.44 and a current ratio of 1.44. Cotiviti has a fifty-two week low of $30.84 and a fifty-two week high of $45.97. The stock has a market capitalization of $3,200.57, a PE ratio of 36.08, a price-to-earnings-growth ratio of 1.77 and a beta of 0.43.

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Cotiviti 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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