The Analysts Anticipate athenahealth, Inc (ATHN) to Announce $0.07 Earnings Per Share

The Analysts Anticipate athenahealth, Inc (ATHN) to Announce $0.07 Earnings Per Share

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.

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