Equities Analysts Set Expectations for athenahealth, Inc.’s FY2017 Earnings (ATHN)

athenahealth, Inc. (NASDAQ:ATHN) – Research analysts at SunTrust Banks lifted their FY2017 earnings per share estimates for athenahealth in a research note issued on Wednesday, according to Zacks Investment Research. SunTrust Banks analyst S. Draper now anticipates that the health services provider will post earnings per share of $1.18 for the year, up from their previous estimate of $0.97. SunTrust Banks has a “Buy” rating and a $156.00 price objective on the stock. SunTrust Banks also issued estimates for athenahealth’s Q4 2017 earnings at $0.42 EPS, FY2018 earnings at $1.78 EPS and FY2019 earnings at $2.35 EPS.

A number of other brokerages have also recently issued reports on ATHN. ValuEngine raised athenahealth from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Evercore ISI reissued an “outperform” rating and issued a $163.00 target price (up from $155.00) on shares of athenahealth in a research report on Saturday, July 22nd. Cowen and Company cut athenahealth from an “outperform” rating to a “market perform” rating and upped their target price for the company from $127.00 to $133.00 in a research report on Monday, July 31st. Wells Fargo & Company decreased their target price on athenahealth from $190.00 to $155.00 and set an “outperform” rating for the company in a research report on Monday, October 23rd. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $184.00 target price on shares of athenahealth in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $143.22.

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Shares of athenahealth (ATHN) opened at $124.54 on Friday. The stock has a market capitalization of $4,976.60, a PE ratio of 105.39, a P/E/G ratio of 5.00 and a beta of 1.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.67. athenahealth has a 1 year low of $90.11 and a 1 year high of $158.66.

athenahealth (NASDAQ:ATHN) last announced its earnings results on Thursday, October 19th. The health services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The firm had revenue of $304.60 million during the quarter, compared to analysts’ expectations of $310.52 million. athenahealth had a return on equity of 6.78% and a net margin of 2.65%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS.

In other athenahealth news, CEO Jonathan Bush sold 4,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $139.77, for a total transaction of $559,080.00. Following the sale, the chief executive officer now owns 319,807 shares in the company, valued at approximately $44,699,424.39. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jonathan D. Porter sold 300 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $142.88, for a total value of $42,864.00. The disclosure for this sale can be found here. Insiders sold a total of 12,783 shares of company stock valued at $1,680,236 over the last ninety days. 3.20% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Turner Investments LLC acquired a new stake in athenahealth during the 2nd quarter valued at $105,000. Bessemer Group Inc. grew its holdings in athenahealth by 13.7% during the 2nd quarter. Bessemer Group Inc. now owns 938 shares of the health services provider’s stock valued at $132,000 after buying an additional 113 shares during the last quarter. FNY Partners Fund LP grew its holdings in athenahealth by 1,900.0% during the 1st quarter. FNY Partners Fund LP now owns 1,000 shares of the health services provider’s stock valued at $112,000 after buying an additional 950 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in athenahealth by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,179 shares of the health services provider’s stock valued at $166,000 after buying an additional 84 shares during the last quarter. Finally, Seven Bridges Advisors LLC grew its holdings in athenahealth by 5.4% during the 2nd quarter. Seven Bridges Advisors LLC now owns 1,303 shares of the health services provider’s stock valued at $183,000 after buying an additional 67 shares during the last quarter.

athenahealth Company Profile

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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Earnings History and Estimates for athenahealth (NASDAQ:ATHN)

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