HMS Holdings Corp (HMSY) Expected to Announce Quarterly Sales of $136.32 Million

Analysts forecast that HMS Holdings Corp (NASDAQ:HMSY) will post $136.32 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for HMS’s earnings, with the highest sales estimate coming in at $137.70 million and the lowest estimate coming in at $135.59 million. HMS posted sales of $128.09 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.4%. The company is scheduled to report its next earnings results on Friday, February 23rd.

According to Zacks, analysts expect that HMS will report full year sales of $136.32 million for the current year, with estimates ranging from $508.31 million to $510.42 million. For the next year, analysts expect that the company will report sales of $557.46 million per share, with estimates ranging from $550.42 million to $568.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow HMS.

HMS (NASDAQ:HMSY) last issued its quarterly earnings data on Friday, November 3rd. The business services provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The business had revenue of $125.70 million during the quarter, compared to the consensus estimate of $147.62 million. HMS had a return on equity of 4.40% and a net margin of 5.07%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.24 EPS.

HMSY has been the subject of a number of recent research reports. Canaccord Genuity reissued a “buy” rating and issued a $22.00 price objective on shares of HMS in a research note on Monday, October 30th. Jefferies Group reissued a “neutral” rating on shares of HMS in a research note on Sunday, November 5th. Zacks Investment Research downgraded shares of HMS from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Robert W. Baird reissued a “buy” rating and issued a $17.00 price objective on shares of HMS in a research note on Friday, November 10th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $16.00 price objective on shares of HMS in a research note on Sunday, November 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. HMS has an average rating of “Buy” and an average target price of $20.39.

HMS (HMSY) opened at $17.73 on Friday. The company has a market cap of $1,520.00, a P/E ratio of 61.14, a P/E/G ratio of 2.56 and a beta of 0.88. HMS has a 12 month low of $11.01 and a 12 month high of $20.90.

HMS declared that its Board of Directors has initiated a share repurchase program on Friday, November 3rd that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Several hedge funds have recently modified their holdings of the company. Eqis Capital Management Inc. acquired a new position in shares of HMS during the fourth quarter worth $473,000. Rathbone Brothers plc purchased a new stake in shares of HMS during the fourth quarter valued at $207,000. Smith Graham & Co. Investment Advisors LP grew its holdings in shares of HMS by 7.8% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 567,622 shares of the business services provider’s stock valued at $9,621,000 after buying an additional 41,010 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of HMS by 6.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 537,678 shares of the business services provider’s stock valued at $9,114,000 after buying an additional 31,023 shares during the last quarter. Finally, Clean Yield Group grew its holdings in shares of HMS by 37.7% during the fourth quarter. Clean Yield Group now owns 59,885 shares of the business services provider’s stock valued at $1,015,000 after buying an additional 16,410 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.

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HMS 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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