athenahealth Inc. (ATHN) Set to Announce Quarterly Earnings on Friday
athenahealth Inc. (NASDAQ:ATHN) is scheduled to announce its earnings results on Friday, October 21st. athenahealth has set its FY16 guidance at $1.65-$1.85 EPS.Investors that wish to register for the company’s conference call can do so using this link.
athenahealth (NASDAQ:ATHN) last issued its earnings results on Thursday, July 21st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.08. athenahealth had a return on equity of 5.16% and a net margin of 1.06%. The business had revenue of $261.90 million for the quarter, compared to the consensus estimate of $274.07 million. On average, analysts expect athenahealth to post $1.77 EPS for the current fiscal year and $2.23 EPS for the next fiscal year.
athenahealth Inc. (NASDAQ:ATHN) opened at 123.54 on Wednesday. The firm’s 50-day moving average is $123.72 and its 200 day moving average is $129.32. The company has a market capitalization of $4.86 billion, a PE ratio of 454.19 and a beta of 1.28. athenahealth Inc. has a one year low of $114.59 and a one year high of $170.42.
Several equities research analysts have recently weighed in on the company. Deutsche Bank AG downgraded athenahealth from a “buy” rating to a “hold” rating and decreased their price objective for the company from $165.00 to $147.00 in a report on Friday, July 22nd. Jefferies Group reissued an “underperform” rating and issued a $105.00 price objective on shares of athenahealth in a report on Monday, July 25th. Zacks Investment Research raised athenahealth from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Morgan Stanley decreased their price objective on athenahealth from $186.00 to $153.00 and set an “overweight” rating for the company in a report on Monday, July 25th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $142.00 price objective on shares of athenahealth in a report on Wednesday, June 29th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $149.95.
In related news, CEO Jonathan Bush sold 4,000 shares of athenahealth stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $128.19, for a total transaction of $512,760.00. Following the completion of the sale, the chief executive officer now owns 312,109 shares in the company, valued at approximately $40,009,252.71. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Bradford Kyle Armbrester sold 2,545 shares of athenahealth stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $130.00, for a total value of $330,850.00. The disclosure for this sale can be found here. Corporate insiders own 3.04% of the company’s stock.
A number of hedge funds have recently bought and sold shares of ATHN. Prudential Financial Inc. boosted its stake in athenahealth by 4.5% in the second quarter. Prudential Financial Inc. now owns 2,346 shares of the company’s stock worth $324,000 after buying an additional 100 shares in the last quarter. BlackRock Investment Management LLC boosted its stake in athenahealth by 8.4% in the second quarter. BlackRock Investment Management LLC now owns 15,246 shares of the company’s stock worth $2,104,000 after buying an additional 1,182 shares in the last quarter. BlackRock Inc. boosted its stake in athenahealth by 13.7% in the second quarter. BlackRock Inc. now owns 5,127 shares of the company’s stock worth $708,000 after buying an additional 619 shares in the last quarter. BlackRock Fund Advisors boosted its stake in athenahealth by 5.3% in the second quarter. BlackRock Fund Advisors now owns 381,989 shares of the company’s stock worth $52,718,000 after buying an additional 19,240 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in athenahealth by 3.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 964,877 shares of the company’s stock worth $133,163,000 after buying an additional 31,590 shares in the last quarter.
athenahealth, Inc is a provider of cloud-based services and mobile applications for medical groups and health systems. The Company delivers cloud-based services for revenue cycle management and medical billing, electronic health records (EHR), patient engagement, care coordination, order transmission, population health management, and clinical decision support.
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