Zacks: Analysts Expect Allscripts Healthcare Solutions Inc (MDRX) Will Announce Quarterly Sales of $533.39 Million

Wall Street analysts predict that Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) will report $533.39 million in sales for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for Allscripts Healthcare Solutions’ earnings, with estimates ranging from $508.70 million to $552.10 million. Allscripts Healthcare Solutions reported sales of $415.10 million during the same quarter last year, which indicates a positive year-over-year growth rate of 28.5%. The company is expected to issue its next earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Allscripts Healthcare Solutions will report full-year sales of $533.39 million for the current year, with estimates ranging from $2.16 billion to $2.22 billion. For the next financial year, analysts expect that the firm will report sales of $2.28 billion per share, with estimates ranging from $2.13 billion to $2.34 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Allscripts Healthcare Solutions.

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Allscripts Healthcare Solutions (NASDAQ:MDRX) last posted its quarterly earnings results on Thursday, February 15th. The software maker reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. Allscripts Healthcare Solutions had a positive return on equity of 7.36% and a negative net margin of 10.88%. The business had revenue of $547.00 million for the quarter, compared to the consensus estimate of $524.05 million. During the same quarter in the prior year, the company earned $0.14 EPS. The business’s revenue was up 27.5% compared to the same quarter last year.

A number of equities analysts have recently issued reports on MDRX shares. BidaskClub raised Allscripts Healthcare Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Citigroup started coverage on Allscripts Healthcare Solutions in a research report on Thursday, January 4th. They set a “buy” rating on the stock. Cantor Fitzgerald reissued a “buy” rating and set a $17.00 price target on shares of Allscripts Healthcare Solutions in a research report on Monday, January 8th. Maxim Group restated a “buy” rating and set a $20.00 price objective on shares of Allscripts Healthcare Solutions in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada set a $19.00 price objective on Allscripts Healthcare Solutions and gave the stock a “buy” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $16.09.

Allscripts Healthcare Solutions (MDRX) opened at $13.35 on Friday. Allscripts Healthcare Solutions has a 12-month low of $11.25 and a 12-month high of $16.13. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $2,463.19, a price-to-earnings ratio of 28.98, a PEG ratio of 1.76 and a beta of 1.20.

In other news, EVP Brian Farley sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $13.73, for a total value of $68,650.00. Following the completion of the transaction, the executive vice president now directly owns 240,672 shares in the company, valued at $3,304,426.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Richard J. Poulton sold 15,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $13.53, for a total value of $202,950.00. Following the completion of the transaction, the president now owns 505,920 shares of the company’s stock, valued at $6,845,097.60. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Large investors have recently made changes to their positions in the company. Zeke Capital Advisors LLC acquired a new stake in Allscripts Healthcare Solutions during the fourth quarter worth about $165,000. Avestar Capital LLC acquired a new stake in Allscripts Healthcare Solutions during the fourth quarter worth about $173,000. Sheaff Brock Investment Advisors LLC acquired a new stake in Allscripts Healthcare Solutions during the third quarter worth about $174,000. Quantitative Systematic Strategies LLC acquired a new stake in Allscripts Healthcare Solutions during the fourth quarter worth about $182,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Allscripts Healthcare Solutions during the third quarter worth about $187,000.

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Allscripts Healthcare Solutions Company Profile

Allscripts Healthcare Solutions, Inc (Allscripts) delivers information technology (IT) solutions and services to help healthcare organizations. The Company operates through three segments: Clinical and Financial Solutions, Population Health, and Netsmart. The Clinical and Financial Solutions segment includes the sale of integrated clinical software applications and financial and information solutions.

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