Healthways, Inc. to Post Q4 2017 Earnings of $0.32 Per Share, Jefferies Group Forecasts (TVTY)
Healthways, Inc. (NASDAQ:TVTY) – Jefferies Group cut their Q4 2017 EPS estimates for Healthways in a research report issued on Thursday. Jefferies Group analyst D. Styblo now anticipates that the company will earn $0.32 per share for the quarter, down from their previous estimate of $0.34. Jefferies Group has a “Buy” rating and a $46.00 price target on the stock. Jefferies Group also issued estimates for Healthways’ Q1 2018 earnings at $0.43 EPS, Q2 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.48 EPS and Q4 2018 earnings at $0.42 EPS.
Healthways (NASDAQ:TVTY) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to analyst estimates of $137.95 million. The business’s revenue was up 10.2% on a year-over-year basis.
A number of other research analysts also recently weighed in on TVTY. Zacks Investment Research raised 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, October 27th. Chardan Capital reaffirmed a “neutral” rating and issued a $44.00 target price (up previously from $40.00) on shares of Healthways in a research report on Friday, October 27th. ValuEngine downgraded shares of Healthways from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Barrington Research raised their target price on shares of Healthways from $35.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $45.25.
Healthways (NASDAQ TVTY) traded down 1.51% during midday trading on Monday, hitting $45.55. 248,311 shares of the company traded hands. Healthways has a 12-month low of $19.25 and a 12-month high of $47.90. The firm has a market capitalization of $1.79 billion, a PE ratio of 20.52 and a beta of 0.38. The stock’s 50-day moving average is $40.73 and its 200-day moving average is $37.47.
Institutional investors and hedge funds have recently made changes to their positions in the company. United Services Automobile Association bought a new position in shares of Healthways in the 1st quarter valued at about $377,000. Dimensional Fund Advisors LP bought a new position in shares of Healthways in the 1st quarter valued at about $70,660,000. Credit Suisse AG bought a new position in shares of Healthways in the 1st quarter valued at about $1,395,000. California Public Employees Retirement System bought a new position in shares of Healthways in the 1st quarter valued at about $247,000. Finally, Vanguard Group Inc. bought a new position in shares of Healthways in the 1st quarter valued at about $135,544,000.
In other news, insider Glenn Hargreaves sold 7,137 shares of Healthways stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $40.00, for a total value of $285,480.00. Following the completion of the transaction, the insider now owns 52,180 shares of the company’s stock, valued at approximately $2,087,200. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mary Flipse sold 14,020 shares of Healthways stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $37.03, for a total transaction of $519,160.60. Following the completion of the transaction, the insider now directly owns 61,167 shares of the company’s stock, valued at approximately $2,265,014.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,858 shares of company stock valued at $2,847,017. 8.42% of the stock is owned by insiders.
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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