athenahealth, Inc. (ATHN) Set to Announce Earnings on Wednesday
athenahealth, Inc. (NASDAQ:ATHN) is set to release its earnings data after the market closes on Wednesday, October 18th. Analysts expect athenahealth to post earnings of $0.53 per share for the quarter.
athenahealth (NASDAQ:ATHN) last issued its quarterly earnings data on Thursday, July 20th. The health services provider reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.12. The firm had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $298.68 million. athenahealth had a net margin of 2.80% and a return on equity of 6.91%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 EPS. On average, analysts expect athenahealth to post $1.91 EPS for the current fiscal year and $2.45 EPS for the next fiscal year.
Shares of athenahealth, Inc. (NASDAQ:ATHN) opened at 115.33 on Tuesday. The company has a 50-day moving average of $127.86 and a 200-day moving average of $130.33. athenahealth, Inc. has a 52 week low of $90.11 and a 52 week high of $158.66. The firm has a market capitalization of $4.61 billion, a PE ratio of 146.36 and a beta of 1.76.
ATHN has been the topic of several research reports. TheStreet cut shares of athenahealth from a “b-” rating to a “c+” rating in a research report on Wednesday, October 11th. Citigroup Inc. reiterated a “buy” rating and issued a $169.00 price target (up from $163.00) on shares of athenahealth in a research report on Monday, July 10th. BidaskClub upgraded shares of athenahealth from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. William Blair reiterated a “market perform” rating on shares of athenahealth in a research report on Friday, July 21st. Finally, Jefferies Group LLC dropped their price target on shares of athenahealth from $135.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, September 15th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $149.48.
In related news, SVP Jonathan D. Porter sold 422 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $154.00, for a total value of $64,988.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brandon H. Hull sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $140.01, for a total value of $112,008.00. The disclosure for this sale can be found here. In the last three months, insiders sold 16,205 shares of company stock valued at $2,197,912. 3.20% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in athenahealth stock. The Manufacturers Life Insurance Company increased its stake in athenahealth, Inc. (NASDAQ:ATHN) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,179 shares of the health services provider’s stock after purchasing an additional 84 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in athenahealth were worth $166,000 at the end of the most recent reporting period.
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athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.
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