Cotiviti (COTV) Issues Quarterly Earnings Results
Cotiviti (NYSE:COTV) issued its quarterly earnings results on Tuesday. The business services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.04, Bloomberg Earnings reports. Cotiviti had a net margin of 13.86% and a return on equity of 13.61%. The company had revenue of $176.70 million during the quarter, compared to analysts’ expectations of $179.43 million. During the same quarter last year, the company posted $0.39 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year.
Shares of Cotiviti (COTV) opened at $34.53 on Thursday. The stock has a market cap of $3,107.28, a price-to-earnings ratio of 35.60, a PEG ratio of 1.71 and a beta of 0.65. Cotiviti has a 1 year low of $30.84 and a 1 year high of $45.97. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.44 and a current ratio of 1.44.
Several equities analysts have commented on the stock. Jefferies Group decreased their price target on shares of Cotiviti from $41.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Robert W. Baird reissued a “buy” rating and issued a $44.00 price target on shares of Cotiviti in a research report on Friday, November 3rd. Citigroup assumed coverage on shares of Cotiviti in a research report on Thursday, January 4th. They issued a “buy” rating for the company. Zacks Investment Research cut shares of Cotiviti from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, BidaskClub cut shares of Cotiviti from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Cotiviti presently has a consensus rating of “Hold” and a consensus target price of $41.14.
Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company focuses primarily on the healthcare sector. The Company operates through two segments: Healthcare, and Global Retail and Other. Through its Healthcare segment, the Company offers prospective and retrospective claims accuracy solutions to healthcare payers in the United States.
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