On average, analysts expect that athenahealth will report full year earnings of $0.87 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.95. For the next year, analysts forecast that the firm will report earnings of $1.15 per share, with EPS estimates ranging from $0.90 to $1.33. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for athenahealth.
Wall Street analysts expect that athenahealth, Inc (NASDAQ:ATHN) will report $0.07 earnings per share for the current fiscal quarter, Zacks reports. Fourteen analysts have issued estimates for athenahealth’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.03. athenahealth reported earnings per share of $0.06 in the same quarter last year, which suggests a positive year-over-year growth rate of 16.7%. The company is scheduled to announce its next earnings results on Thursday, July 20th.
athenahealth (NASDAQ:ATHN) last released its quarterly earnings data on Thursday, April 27th. The health services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.01. The company earned $285.40 million during the quarter, compared to the consensus estimate of $296.49 million. athenahealth had a net margin of 1.94% and a return on equity of 6.41%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS. A number of equities analysts have issued reports on the company. Robert W. Baird set a $155.00 price objective on athenahealth and gave the stock a “buy” rating in a report on Friday, February 3rd. Cantor Fitzgerald reiterated an “outperform” rating and issued a $135.00 price objective on shares of athenahealth in a report on Tuesday, January 31st. Jefferies Group LLC set a $95.00 price objective on athenahealth and gave the stock a “sell” rating in a report on Thursday, April 27th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $160.00 price objective on shares of athenahealth in a report on Tuesday, April 4th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $142.00 price objective on shares of athenahealth in a report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. athenahealth has an average rating of “Hold” and a consensus price target of $130.05.
In related news, CEO Jonathan Bush sold 8,000 shares of the stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $120.00, for a total transaction of $960,000.00. Following the sale, the chief executive officer now directly owns 319,807 shares of the company’s stock, valued at $38,376,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.04% of the company’s stock. Several large investors have recently added to or reduced their stakes in ATHN. Bell Bank boosted its stake in athenahealth by 2.6% in the first quarter. Bell Bank now owns 3,600 shares of the health services provider’s stock valued at $406,000 after buying an additional 90 shares during the period. TD Asset Management Inc. boosted its stake in athenahealth by 204.6% in the first quarter. TD Asset Management Inc. now owns 74,441 shares of the health services provider’s stock valued at $8,389,000 after buying an additional 50,000 shares during the period. Sei Investments Co. boosted its stake in athenahealth by 24.7% in the first quarter. Sei Investments Co. now owns 103,067 shares of the health services provider’s stock valued at $11,615,000 after buying an additional 20,418 shares during the period. Karp Capital Management Corp acquired a new stake in athenahealth during the first quarter valued at approximately $684,000. Finally, Teza Capital Management LLC acquired a new stake in athenahealth during the first quarter valued at approximately $220,000.
athenahealth (NASDAQ:ATHN) traded up 3.00% during mid-day trading on Monday, hitting $104.02. 521,247 shares of the stock traded hands. The firm has a market capitalization of $4.14 billion, a P/E ratio of 204.76 and a beta of 1.77. The company has a 50-day moving average of $111.46 and a 200 day moving average of $110.80. athenahealth has a 1-year low of $90.11 and a 1-year high of $142.40. athenahealth Company Profile
athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.
Get a free copy of the Zacks research report on athenahealth (ATHN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com Receive News & Ratings for athenahealth Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for athenahealth Inc and related companies with MarketBeat.com’s FREE daily email newsletter.
For more information about research offerings from Zacks Investment Research, visit Zacks.com