Q4 2017 Earnings Estimate for Healthways, Inc. Issued By William Blair (TVTY)
Healthways, Inc. (NASDAQ:TVTY) – Equities researchers at William Blair decreased their Q4 2017 EPS estimates for Healthways in a research report issued to clients and investors on Thursday. William Blair analyst R. Daniels now anticipates that the company will post earnings per share of $0.31 for the quarter, down from their prior estimate of $0.34. William Blair also issued estimates for Healthways’ Q1 2018 earnings at $0.43 EPS, Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.40 EPS and FY2018 earnings at $1.68 EPS.
Healthways (NASDAQ:TVTY) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.10. Healthways had a net margin of 11.45% and a return on equity of 30.23%. The business had revenue of $137.70 million for the quarter, compared to analyst estimates of $137.95 million. The business’s revenue for the quarter was up 10.2% on a year-over-year basis.
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Other equities analysts have also issued reports about the stock. Chardan Capital restated a “neutral” rating and issued a $44.00 price objective (up from $40.00) on shares of Healthways in a research report on Friday. Zacks Investment Research upgraded shares of Healthways from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Tuesday. SunTrust Banks, Inc. set a $50.00 target price on shares of Healthways and gave the company a “buy” rating in a research report on Friday. ValuEngine upgraded shares of Healthways from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $46.00 target price on shares of Healthways in a research report on Monday, September 25th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $45.25.
Healthways (NASDAQ TVTY) opened at 45.20 on Monday. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 20.36 and a beta of 0.38. The company has a 50-day moving average of $40.52 and a 200-day moving average of $37.41. Healthways has a 52 week low of $19.25 and a 52 week high of $47.90.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Flinton Capital Management LLC increased its stake in shares of Healthways by 63.5% in the second quarter. Flinton Capital Management LLC now owns 3,502 shares of the company’s stock worth $139,000 after buying an additional 1,360 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Healthways by 69.7% in the second quarter. Riverhead Capital Management LLC now owns 3,564 shares of the company’s stock worth $142,000 after buying an additional 1,464 shares during the period. Karp Capital Management Corp purchased a new position in shares of Healthways in the first quarter worth $225,000. UBS Asset Management Americas Inc. purchased a new position in shares of Healthways in the first quarter worth $242,000. Finally, California Public Employees Retirement System purchased a new position in shares of Healthways in the first quarter worth $247,000.
In other news, insider Mary Flipse sold 1,340 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $37.32, for a total value of $50,008.80. Following the completion of the sale, the insider now directly owns 75,187 shares in the company, valued at approximately $2,805,978.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Glenn Hargreaves sold 23,448 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $37.78, for a total transaction of $885,865.44. Following the completion of the sale, the insider now owns 62,211 shares of the company’s stock, valued at $2,350,331.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,858 shares of company stock valued at $2,847,017. Company insiders own 8.42% of the company’s stock.
Tivity Health, Inc, formerly Healthways, Inc, is focused targeted population health for those aged 50 and older. The Company offers three programs: SilverSneakers senior fitness, Prime fitness and WholeHealth Living. The SilverSneakers senior fitness program is offered to members of Medicare Advantage, Medicare Supplement, and Group Retiree plans.
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