$162.21 Million in Sales Expected for HMS Holdings Corp (NASDAQ:HMSY) This Quarter

Equities analysts predict that HMS Holdings Corp (NASDAQ:HMSY) will announce $162.21 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for HMS’s earnings. The lowest sales estimate is $158.84 million and the highest is $163.60 million. HMS posted sales of $147.95 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.6%. The firm is scheduled to report its next quarterly earnings report on Friday, May 1st.

According to Zacks, analysts expect that HMS will report full year sales of $705.51 million for the current year, with estimates ranging from $695.44 million to $709.60 million. For the next financial year, analysts anticipate that the company will post sales of $749.98 million, with estimates ranging from $745.45 million to $754.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that follow HMS.

HMS (NASDAQ:HMSY) last posted its earnings results on Friday, February 21st. The business services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). The company had revenue of $163.40 million for the quarter, compared to analysts’ expectations of $170.77 million. HMS had a net margin of 13.93% and a return on equity of 11.51%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS.

Several analysts have weighed in on HMSY shares. ValuEngine downgraded HMS from a “buy” rating to a “hold” rating in a research report on Wednesday, March 18th. TheStreet downgraded HMS from a “b-” rating to a “c+” rating in a report on Tuesday. BidaskClub upgraded HMS from a “strong sell” rating to a “sell” rating in a report on Saturday, March 21st. Zacks Investment Research cut HMS from a “buy” rating to a “sell” rating and set a $25.00 price target on the stock. in a research note on Wednesday, February 26th. Finally, Canaccord Genuity reduced their price target on HMS from $46.00 to $38.00 and set a “positive” rating on the stock in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.32.

A number of hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in shares of HMS in the fourth quarter worth about $39,586,000. Marshall Wace North America L.P. raised its stake in shares of HMS by 387.7% in the fourth quarter. Marshall Wace North America L.P. now owns 670,150 shares of the business services provider’s stock worth $19,836,000 after buying an additional 532,749 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new position in shares of HMS in the fourth quarter worth about $12,349,000. Stifel Financial Corp raised its stake in shares of HMS by 4,499.4% in the third quarter. Stifel Financial Corp now owns 365,880 shares of the business services provider’s stock worth $12,653,000 after buying an additional 357,925 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of HMS by 19.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,592,178 shares of the business services provider’s stock worth $47,128,000 after buying an additional 256,192 shares during the period. 98.39% of the stock is currently owned by institutional investors.

Shares of NASDAQ HMSY traded up $1.29 during midday trading on Monday, hitting $25.00. 987,750 shares of the company’s stock were exchanged, compared to its average volume of 787,081. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 1.84 and a beta of 1.33. The business’s fifty day moving average price is $24.35 and its two-hundred day moving average price is $29.42. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.30. HMS has a 12-month low of $18.19 and a 12-month high of $40.67.

About HMS

HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. The company offers coordination of benefits services to government and commercial healthcare payers to ensure that the correct party pays the claim; and population management solutions that provide risk-bearing organizations with intelligence across their member populations to identify risks, and enhance patient engagement and outcomes, as well as payment integrity, care management and consumer engagement, and analytical solutions.

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