Wall Street analysts expect athenahealth, Inc (NASDAQ:ATHN) to post $319.54 million in sales for the current quarter, Zacks reports. Eleven analysts have made estimates for athenahealth’s earnings. The lowest sales estimate is $312.62 million and the highest is $331.94 million. athenahealth reported sales of $285.40 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12%. The company is expected to issue its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that athenahealth will report full-year sales of $319.54 million for the current financial year, with estimates ranging from $1.33 billion to $1.36 billion. For the next financial year, analysts anticipate that the business will report sales of $1.49 billion per share, with estimates ranging from $1.45 billion to $1.59 billion. Zacks’ sales averages are an average based on a survey of analysts that follow athenahealth.
athenahealth (NASDAQ:ATHN) last announced its quarterly earnings data on Thursday, February 1st. The health services provider reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.48. The company had revenue of $329.20 million during the quarter, compared to the consensus estimate of $319.64 million. athenahealth had a return on equity of 9.21% and a net margin of 4.35%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS.
A number of research analysts recently issued reports on ATHN shares. KeyCorp reiterated a “buy” rating and set a $152.00 price objective on shares of athenahealth in a research note on Friday, January 12th. ValuEngine downgraded athenahealth from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. BidaskClub downgraded athenahealth from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Cantor Fitzgerald reiterated a “hold” rating and set a $120.00 price objective on shares of athenahealth in a research note on Friday, October 27th. Finally, Deutsche Bank assumed coverage on athenahealth in a research note on Friday, December 8th. They set a “hold” rating and a $145.00 price objective for the company. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $144.23.
In other news, Director Amy Abernethy sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $134.18, for a total transaction of $67,090.00. Following the sale, the director now directly owns 4,045 shares of the company’s stock, valued at approximately $542,758.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brandon H. Hull sold 653 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $133.00, for a total value of $86,849.00. Following the sale, the director now directly owns 5,230 shares in the company, valued at $695,590. The disclosure for this sale can be found here. Insiders have sold a total of 97,903 shares of company stock worth $13,383,150 over the last ninety days. Insiders own 3.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Rockefeller Financial Services Inc. raised its holdings in shares of athenahealth by 293.2% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 9,110 shares of the health services provider’s stock worth $1,133,000 after acquiring an additional 6,793 shares in the last quarter. Toronto Dominion Bank raised its holdings in athenahealth by 83.3% during the 3rd quarter. Toronto Dominion Bank now owns 220,000 shares of the health services provider’s stock valued at $27,356,000 after buying an additional 100,000 shares during the period. Perceptive Advisors LLC purchased a new stake in athenahealth during the 3rd quarter valued at $8,705,000. Fox Run Management L.L.C. purchased a new stake in athenahealth during the 3rd quarter valued at $460,000. Finally, Sei Investments Co. raised its holdings in athenahealth by 36.6% during the 3rd quarter. Sei Investments Co. now owns 128,190 shares of the health services provider’s stock valued at $15,942,000 after buying an additional 34,332 shares during the period.
Shares of athenahealth (NASDAQ ATHN) traded up $1.66 during trading hours on Wednesday, hitting $139.88. The company had a trading volume of 238,302 shares, compared to its average volume of 607,906. The company has a market cap of $5,660.00, a P/E ratio of 112.81, a PEG ratio of 2.66 and a beta of 1.35. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.32. athenahealth has a 52 week low of $95.01 and a 52 week high of $158.66.
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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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