Brokerages expect HMS Holdings Corp (NASDAQ:HMSY) to announce $0.19 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for HMS’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.19. HMS reported earnings per share of $0.16 in the same quarter last year, which suggests a positive year-over-year growth rate of 18.8%. The business is scheduled to announce its next quarterly earnings results on Friday, November 2nd.

On average, analysts expect that HMS will report full-year earnings of $0.93 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $0.96. For the next year, analysts anticipate that the company will report earnings of $1.02 per share, with EPS estimates ranging from $0.95 to $1.09. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for HMS.

HMS (NASDAQ:HMSY) last issued its earnings results on Friday, August 3rd. The business services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.06. HMS had a net margin of 6.25% and a return on equity of 5.47%. The company had revenue of $146.80 million for the quarter, compared to analyst estimates of $139.22 million. During the same period in the prior year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year.

Several research analysts have weighed in on the stock. BidaskClub lowered shares of HMS from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Canaccord Genuity restated a “buy” rating and set a $24.00 target price on shares of HMS in a research report on Monday, July 2nd. Chardan Capital initiated coverage on shares of HMS in a research report on Thursday. They set a “neutral” rating and a $35.00 target price on the stock. Zacks Investment Research downgraded shares of HMS from a “buy” rating to a “hold” rating in a report on Tuesday, June 12th. Finally, Credit Suisse Group upped their price target on shares of HMS from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, August 22nd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $30.90.

In related news, Chairman William C. Lucia sold 69,818 shares of the company’s stock in a transaction that occurred on Thursday, July 12th. The shares were sold at an average price of $24.05, for a total transaction of $1,679,122.90. Following the transaction, the chairman now owns 181,400 shares of the company’s stock, valued at $4,362,670. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of HMS in the first quarter worth $142,000. Macquarie Group Ltd. increased its position in shares of HMS by 344.4% in the second quarter. Macquarie Group Ltd. now owns 8,000 shares of the business services provider’s stock worth $173,000 after acquiring an additional 6,200 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in shares of HMS in the second quarter worth $176,000. Sandy Spring Bank acquired a new stake in shares of HMS in the second quarter worth $188,000. Finally, Stifel Financial Corp acquired a new stake in shares of HMS in the first quarter worth $210,000. 96.16% of the stock is currently owned by institutional investors and hedge funds.

HMSY traded up $0.21 on Friday, hitting $33.76. 625,800 shares of the company were exchanged, compared to its average volume of 500,322. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 0.39. HMS has a fifty-two week low of $11.01 and a fifty-two week high of $33.85. The firm has a market capitalization of $2.79 billion, a P/E ratio of 78.51, a PEG ratio of 4.00 and a beta of 1.13.

About HMS

HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. It provides coordination of benefits services to government and commercial healthcare payers and sponsors to coordinate benefits for claims; and payment integrity services that ensure healthcare claims billed are accurate and appropriate, as well as offers care management and consumer engagement solutions.

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