Cerner Co. (NASDAQ:CERN) – Analysts at William Blair lifted their Q1 2018 earnings per share estimates for Cerner in a research note issued on Monday, Zacks Investment Research reports. William Blair analyst J. Garro now expects that the company will post earnings per share of $0.64 for the quarter, up from their prior estimate of $0.55. William Blair also issued estimates for Cerner’s Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.71 EPS and Q4 2018 earnings at $0.75 EPS.
Cerner (NASDAQ:CERN) last released its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.03). The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.33 billion. Cerner had a return on equity of 16.82% and a net margin of 16.86%. Cerner’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS.
Other equities research analysts also recently issued reports about the stock. SunTrust Banks downgraded shares of Cerner from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Cerner from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Royal Bank of Canada restated a “buy” rating on shares of Cerner in a research report on Wednesday, October 25th. JPMorgan Chase & Co. downgraded shares of Cerner from an “overweight” rating to a “neutral” rating in a research report on Friday, October 27th. Finally, Leerink Swann restated a “hold” rating on shares of Cerner in a research report on Saturday, November 25th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $67.05.
Cerner (NASDAQ CERN) opened at $62.22 on Tuesday. The firm has a market capitalization of $20,784.01, a PE ratio of 24.21, a PEG ratio of 1.87 and a beta of 0.90. The company has a quick ratio of 2.99, a current ratio of 3.01 and a debt-to-equity ratio of 0.11. Cerner has a 1-year low of $54.01 and a 1-year high of $73.86.
In other Cerner news, Director William D. Zollars sold 4,100 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $62.16, for a total transaction of $254,856.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Marc G. Naughton sold 60,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $70.64, for a total transaction of $4,238,400.00. The disclosure for this sale can be found here. Insiders sold 648,100 shares of company stock worth $43,009,016 over the last three months. 13.11% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC grew its stake in shares of Cerner by 5.4% during the fourth quarter. LPL Financial LLC now owns 29,252 shares of the company’s stock worth $1,971,000 after buying an additional 1,503 shares during the last quarter. Sciencast Management LP bought a new stake in shares of Cerner during the fourth quarter worth $239,000. Meadow Creek Investment Management LLC grew its stake in shares of Cerner by 216.4% during the fourth quarter. Meadow Creek Investment Management LLC now owns 50,148 shares of the company’s stock worth $3,379,000 after buying an additional 34,300 shares during the last quarter. OLD Mission Capital LLC bought a new stake in shares of Cerner during the fourth quarter worth $447,000. Finally, Tyers Asset Management LLC grew its stake in shares of Cerner by 216.4% during the fourth quarter. Tyers Asset Management LLC now owns 28,656 shares of the company’s stock worth $1,931,000 after buying an additional 19,600 shares during the last quarter. 81.58% of the stock is currently owned by hedge funds and other institutional investors.
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Cerner 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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