Cerner Corporation (NASDAQ:CERN) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $2.52-2.68 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.78. The company issued revenue guidance of $5.5-5.7 billion, compared to the consensus revenue estimate of $5.64 billion.Cerner Corporation also updated its Q4 guidance to $0.60-0.62 EPS.
Shares of Cerner Corporation (NASDAQ CERN) opened at $65.31 on Friday. The company has a market capitalization of $21,710.02, a PE ratio of 28.90, a price-to-earnings-growth ratio of 2.10 and a beta of 0.93. Cerner Corporation has a fifty-two week low of $47.01 and a fifty-two week high of $73.86. The company has a quick ratio of 2.75, a current ratio of 2.77 and a debt-to-equity ratio of 0.11.
Cerner Corporation (NASDAQ:CERN) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.01). The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. Cerner Corporation had a return on equity of 18.03% and a net margin of 13.37%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.59 earnings per share. equities research analysts forecast that Cerner Corporation will post 2.26 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on CERN shares. Cantor Fitzgerald reaffirmed a buy rating and issued a $77.00 target price on shares of Cerner Corporation in a research report on Tuesday, October 10th. KeyCorp reaffirmed a buy rating and issued a $76.00 target price on shares of Cerner Corporation in a research report on Friday, September 22nd. Robert W. Baird reiterated a hold rating and issued a $67.00 price target on shares of Cerner Corporation in a report on Thursday, August 31st. SunTrust Banks, Inc. reiterated a buy rating and issued a $79.00 price target on shares of Cerner Corporation in a report on Thursday, October 19th. Finally, Zacks Investment Research downgraded Cerner Corporation from a buy rating to a hold rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company. Cerner Corporation has an average rating of Hold and a consensus price target of $69.79.
In other news, Chairman Clifford W. Illig sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $65.96, for a total value of $263,840.00. Following the completion of the transaction, the chairman now directly owns 1,229,719 shares of the company’s stock, valued at approximately $81,112,265.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Zane M. Burke sold 94,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $67.47, for a total value of $6,342,180.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 257,470 shares of company stock valued at $17,695,482. 13.20% of the stock is owned by corporate insiders.
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Cerner Corporation Company Profile
Cerner Corporation (Cerner) is a supplier of healthcare information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations of all sizes. The Company’s segments include Domestic and Global. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States.
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