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.
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.
WARNING: This article was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/01/28/0-43-earnings-per-share-expected-for-cotiviti-holdings-inc-cotv-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cotiviti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cotiviti and related companies with MarketBeat.com's FREE daily email newsletter.