HMS Holdings Corp (HMSY) Expected to Post Earnings of $0.22 Per Share

Equities analysts predict that HMS Holdings Corp (NASDAQ:HMSY) will announce earnings of $0.22 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for HMS’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.19. HMS reported earnings of $0.20 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 10%. The business is scheduled to issue its next quarterly earnings results on Friday, February 23rd.

According to Zacks, analysts expect that HMS will report full year earnings of $0.71 per share for the current year, with EPS estimates ranging from $0.68 to $0.74. For the next year, analysts expect that the firm will report earnings of $0.79 per share, with EPS estimates ranging from $0.72 to $0.85. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover HMS.

Several brokerages recently issued reports on HMSY. BidaskClub cut HMS from a “sell” rating to a “strong sell” rating in a report on Monday, February 5th. Zacks Investment Research raised HMS from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Citigroup began coverage on HMS in a report on Thursday, January 4th. They set a “neutral” rating for the company. Wells Fargo & Co reissued an “outperform” rating and set a $20.00 price target (down previously from $25.50) on shares of HMS in a research report on Wednesday, November 29th. Finally, Cantor Fitzgerald downgraded HMS from an “overweight” rating to a “neutral” rating in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $20.39.

Shares of HMS (HMSY) traded down $0.30 during mid-day trading on Monday, reaching $15.17. The company had a trading volume of 490,828 shares, compared to its average volume of 511,498. The firm has a market capitalization of $1,280.00, a PE ratio of 52.31, a PEG ratio of 2.27 and a beta of 0.84. HMS has a 52-week low of $11.01 and a 52-week high of $20.90.

HMS declared that its board has authorized a stock repurchase program on Friday, November 3rd that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional investors have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC purchased a new position in HMS during the third quarter worth $3,487,000. Dimensional Fund Advisors LP grew its position in shares of HMS by 2.9% in the third quarter. Dimensional Fund Advisors LP now owns 3,230,969 shares of the business services provider’s stock valued at $64,167,000 after purchasing an additional 91,753 shares during the period. Bank of New York Mellon Corp grew its position in shares of HMS by 49.7% in the third quarter. Bank of New York Mellon Corp now owns 1,723,768 shares of the business services provider’s stock valued at $34,235,000 after purchasing an additional 572,442 shares during the period. California Public Employees Retirement System grew its position in shares of HMS by 8.8% in the third quarter. California Public Employees Retirement System now owns 191,555 shares of the business services provider’s stock valued at $3,804,000 after purchasing an additional 15,555 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of HMS in the third quarter valued at $469,000. 94.24% of the stock is owned by institutional investors.

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About HMS

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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