Wall Street analysts forecast that athenahealth, Inc (NASDAQ:ATHN) will report earnings per share of $1.14 for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for athenahealth’s earnings, with the highest EPS estimate coming in at $1.57 and the lowest estimate coming in at $0.97. athenahealth reported earnings per share of $1.11 in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.7%. The business is scheduled to report its next earnings report on Thursday, February 7th.
On average, analysts expect that athenahealth will report full-year earnings of $4.16 per share for the current fiscal year, with EPS estimates ranging from $3.97 to $4.58. For the next fiscal year, analysts expect that the company will report earnings of $4.72 per share, with EPS estimates ranging from $4.30 to $5.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for athenahealth.
athenahealth (NASDAQ:ATHN) last announced its quarterly earnings results on Friday, November 9th. The health services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.10. athenahealth had a net margin of 9.57% and a return on equity of 15.35%. The company had revenue of $331.40 million for the quarter, compared to analysts’ expectations of $336.98 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. athenahealth’s quarterly revenue was up 8.8% on a year-over-year basis.
Several equities research analysts recently weighed in on ATHN shares. Leerink Swann set a $138.00 price target on shares of athenahealth and gave the stock a “hold” rating in a research report on Thursday, November 1st. William Blair restated a “market perform” rating on shares of athenahealth in a research report on Monday, November 12th. Robert W. Baird cut shares of athenahealth from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $160.00 to $135.00 in a research report on Monday, November 12th. KeyCorp reduced their price target on shares of athenahealth from $170.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, November 12th. Finally, Evercore ISI cut shares of athenahealth to an “outperform” rating in a research report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, twenty have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $147.71.
Shares of ATHN opened at $134.99 on Tuesday. athenahealth has a fifty-two week low of $116.77 and a fifty-two week high of $163.94. The firm has a market capitalization of $5.48 billion, a P/E ratio of 85.98, a price-to-earnings-growth ratio of 2.41 and a beta of 0.75. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.22.
Hedge funds have recently bought and sold shares of the business. Ontario Teachers Pension Plan Board bought a new position in shares of athenahealth in the fourth quarter worth about $6,597,000. Bank of Nova Scotia grew its holdings in shares of athenahealth by 44.0% in the fourth quarter. Bank of Nova Scotia now owns 283,600 shares of the health services provider’s stock worth $37,415,000 after purchasing an additional 86,699 shares during the last quarter. Kellner Capital LLC bought a new position in shares of athenahealth in the fourth quarter worth about $18,958,000. Bank of New York Mellon Corp grew its holdings in shares of athenahealth by 2.0% in the fourth quarter. Bank of New York Mellon Corp now owns 176,509 shares of the health services provider’s stock worth $23,288,000 after purchasing an additional 3,477 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of athenahealth by 3.5% in the fourth quarter. BlackRock Inc. now owns 1,797,927 shares of the health services provider’s stock worth $237,200,000 after purchasing an additional 60,393 shares during the last quarter. Institutional investors and hedge funds own 94.33% of the company’s stock.
athenahealth Company Profile
athenahealth, Inc, together with its subsidiaries, provides network-based medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. It offers athenaCollector, a network-enabled billing and practice management solution; athenaClinicals, an electronic health record for managing patient's clinical documentation; athenaCommunicator, an engagement and communication solution that provides an automated communication service between patients and provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services.
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