SVB Leerink Weighs in on Change Healthcare Inc.’s FY2021 Earnings (NASDAQ:CHNG)
Change Healthcare Inc. (NASDAQ:CHNG) – Research analysts at SVB Leerink raised their FY2021 earnings estimates for shares of Change Healthcare in a research note issued to investors on Wednesday, September 9th. SVB Leerink analyst S. Demko now forecasts that the company will earn $1.18 per share for the year, up from their previous estimate of $1.16. SVB Leerink has a “Outperform” rating and a $15.00 price target on the stock. SVB Leerink also issued estimates for Change Healthcare’s Q4 2021 earnings at $0.39 EPS, Q1 2022 earnings at $0.44 EPS and Q4 2022 earnings at $0.48 EPS.
Change Healthcare (NASDAQ:CHNG) last issued its earnings results on Wednesday, August 5th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.11. Change Healthcare had a negative net margin of 4.34% and a positive return on equity of 14.93%.
NASDAQ:CHNG opened at $14.57 on Monday. Change Healthcare has a fifty-two week low of $6.18 and a fifty-two week high of $17.57. The stock has a market capitalization of $4.42 billion, a P/E ratio of 12.11, a P/E/G ratio of 8.86 and a beta of 1.77. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.25 and a current ratio of 1.25. The company’s 50-day simple moving average is $13.15 and its 200-day simple moving average is $11.61.
About Change Healthcare
Change Healthcare Inc, an independent healthcare technology platform, provides data and analytics-driven solutions to improve clinical, financial, and patient engagement outcomes in the United States healthcare system. It operates in three segments: Software and Analytics, Network Solutions, and Technology-Enabled Services.
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