HMS Holdings Corp (HMSY) Set to Announce Earnings on Friday
HMS Holdings Corp (NASDAQ:HMSY) is set to post its quarterly earnings results before the market opens on Friday, November 3rd. Analysts expect HMS Holdings Corp to post earnings of $0.22 per share for the quarter.
HMS Holdings Corp (NASDAQ:HMSY) last released its quarterly earnings results on Friday, August 4th. The business services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The firm had revenue of $133.31 million for the quarter, compared to analysts’ expectations of $135.96 million. HMS Holdings Corp had a net margin of 6.37% and a return on equity of 9.26%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 EPS. On average, analysts expect HMS Holdings Corp to post $0.69 EPS for the current fiscal year and $0.81 EPS for the next fiscal year.
In other news, EVP Semone Neuman sold 20,734 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $17.68, for a total value of $366,577.12. Following the completion of the sale, the executive vice president now directly owns 96,722 shares in the company, valued at $1,710,044.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman William C. Lucia sold 29,894 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $20.00, for a total value of $597,880.00. Following the completion of the sale, the chairman now owns 222,745 shares of the company’s stock, valued at $4,454,900. The disclosure for this sale can be found here. Insiders sold 86,675 shares of company stock valued at $1,602,166 over the last 90 days. Company insiders own 3.20% of the company’s stock.
HMSY has been the subject of several research reports. Cantor Fitzgerald reiterated a “buy” rating and set a $23.00 price objective on shares of HMS Holdings Corp in a research note on Tuesday, September 26th. Robert W. Baird reiterated a “buy” rating and set a $22.00 price objective on shares of HMS Holdings Corp in a research note on Thursday, August 31st. Raymond James Financial, Inc. upgraded HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research note on Thursday, August 10th. UBS AG upgraded HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, August 10th. Finally, BidaskClub lowered HMS Holdings Corp from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. HMS Holdings Corp currently has a consensus rating of “Buy” and a consensus target price of $22.94.
HMS Holdings Corp Company Profile
HMS Holdings Corp. is a holding company. The Company, through its subsidiaries, operates in the United States healthcare insurance benefit cost containment marketplace. It provides coordination of benefits services to government, and private healthcare payers and sponsors. Its payment integrity services ensure that healthcare claims billed are accurate and appropriate.
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