$136.32 Million in Sales Expected for HMS Holdings Corp (HMSY) This Quarter
Wall Street analysts expect HMS Holdings Corp (NASDAQ:HMSY) to post sales of $136.32 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for HMS’s earnings, with the highest sales estimate coming in at $137.70 million and the lowest estimate coming in at $135.59 million. HMS posted sales of $128.09 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.4%. The company is scheduled to announce its next earnings report on Friday, February 23rd.
According to Zacks, analysts expect that HMS will report full-year sales of $136.32 million for the current financial year, with estimates ranging from $508.31 million to $510.42 million. For the next financial year, analysts anticipate that the company will report sales of $557.46 million per share, with estimates ranging from $550.42 million to $568.50 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for HMS.
HMS (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, November 3rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03). The business had revenue of $125.70 million during the quarter, compared to the consensus estimate of $147.62 million. HMS had a net margin of 4.94% and a return on equity of 7.93%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS.
Several equities research analysts have issued reports on HMSY shares. Citigroup assumed coverage on shares of HMS in a report on Thursday, January 4th. They issued a “neutral” rating on the stock. Robert W. Baird restated a “buy” rating on shares of HMS in a research note on Sunday, November 19th. Canaccord Genuity restated a “buy” rating and issued a $22.00 target price on shares of HMS in a research note on Monday, October 30th. Jefferies Group restated a “neutral” rating on shares of HMS in a research note on Sunday, November 5th. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $16.00 target price on shares of HMS in a research note on Sunday, November 19th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. HMS presently has a consensus rating of “Buy” and a consensus target price of $20.39.
Shares of HMS (NASDAQ HMSY) remained flat at $$17.83 during trading on Thursday. 369,113 shares of the company’s stock were exchanged, compared to its average volume of 447,175. The stock has a market cap of $1,499.22, a P/E ratio of 61.48, a price-to-earnings-growth ratio of 2.62 and a beta of 0.88. HMS has a fifty-two week low of $11.01 and a fifty-two week high of $20.90.
HMS announced that its Board of Directors has approved a stock buyback plan on Friday, November 3rd that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Several large investors have recently modified their holdings of HMSY. Oppenheimer & Co. Inc. lifted its position in HMS by 1.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock worth $201,000 after buying an additional 200 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in HMS by 0.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 36,087 shares of the business services provider’s stock worth $668,000 after buying an additional 259 shares in the last quarter. Amalgamated Bank lifted its position in HMS by 3.8% during the 2nd quarter. Amalgamated Bank now owns 11,574 shares of the business services provider’s stock worth $214,000 after buying an additional 419 shares in the last quarter. Profund Advisors LLC lifted its position in HMS by 9.1% during the 2nd quarter. Profund Advisors LLC now owns 15,829 shares of the business services provider’s stock worth $293,000 after buying an additional 1,320 shares in the last quarter. Finally, Bank of Nova Scotia lifted its position in HMS by 5.5% during the 2nd quarter. Bank of Nova Scotia now owns 41,635 shares of the business services provider’s stock worth $770,000 after buying an additional 2,160 shares in the last quarter. Institutional investors own 95.93% of the company’s stock.
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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