Brokerages expect that Healthways, Inc. (NASDAQ:TVTY) will report $138.21 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Healthways’ earnings, with the lowest sales estimate coming in at $137.35 million and the highest estimate coming in at $138.90 million. Healthways reported sales of $125.05 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.5%. The business is expected to announce its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Healthways will report full-year sales of $138.21 million for the current year, with estimates ranging from $554.58 million to $557.50 million. For the next financial year, analysts anticipate that the firm will report sales of $608.21 million per share, with estimates ranging from $596.95 million to $622.16 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Healthways.

Healthways (NASDAQ:TVTY) last announced its earnings results on Thursday, July 27th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $138.90 million for the quarter, compared to the consensus estimate of $138.15 million. Healthways had a net margin of 17.30% and a return on equity of 29.81%. Healthways’s quarterly revenue was up 11.1% compared to the same quarter last year.

TVTY has been the subject of several recent analyst reports. ValuEngine upgraded Healthways from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Healthways from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Wednesday, April 26th. Jefferies Group LLC restated a “buy” rating and issued a $36.00 price target (up from $33.00) on shares of Healthways in a research note on Saturday, April 29th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $41.00 price target (up from $32.00) on shares of Healthways in a research note on Monday, May 1st. Finally, UBS AG upped their price target on Healthways from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $38.25.

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Shares of Healthways (TVTY) opened at 36.85 on Friday. The stock has a market capitalization of $1.45 billion, a P/E ratio of 16.60 and a beta of 0.37. Healthways has a 52 week low of $19.25 and a 52 week high of $41.55. The company has a 50-day moving average of $39.29 and a 200-day moving average of $32.55.

In other news, insider Glenn Hargreaves sold 21,105 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $38.00, for a total transaction of $801,990.00. Following the sale, the insider now directly owns 59,077 shares of the company’s stock, valued at approximately $2,244,926. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Conan Laughlin sold 1,750,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $37.90, for a total value of $66,325,000.00. The disclosure for this sale can be found here. 8.42% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of TVTY. Vanguard Group Inc. purchased a new stake in shares of Healthways during the first quarter valued at about $135,544,000. BlackRock Inc. purchased a new stake in shares of Healthways during the first quarter valued at about $123,015,000. Wells Fargo & Company MN purchased a new stake in shares of Healthways during the first quarter valued at about $98,404,000. North Tide Capital LLC purchased a new stake in shares of Healthways during the first quarter valued at about $72,750,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Healthways during the first quarter valued at about $70,660,000.

About Healthways

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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Earnings History and Estimates for Healthways (NASDAQ:TVTY)

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