HMS Holdings Corp (NASDAQ:HMSY) Expected to Announce Earnings of $0.25 Per Share

Brokerages expect that HMS Holdings Corp (NASDAQ:HMSY) will post earnings of $0.25 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for HMS’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.26. HMS posted earnings of $0.28 per share during the same quarter last year, which would indicate a negative year over year growth rate of 10.7%. The firm is expected to issue its next earnings report on Friday, May 1st.

On average, analysts expect that HMS will report full year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.16 to $1.25. For the next year, analysts anticipate that the firm will post earnings of $1.36 per share, with EPS estimates ranging from $1.34 to $1.37. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover HMS.

HMS (NASDAQ:HMSY) last issued 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 firm had revenue of $163.40 million for the quarter, compared to the consensus estimate of $170.77 million. HMS had a net margin of 13.93% and a return on equity of 11.51%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share.

A number of equities research analysts have weighed in on HMSY shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $33.00 target price (down from $40.00) on shares of HMS in a research report on Friday, February 21st. Canaccord Genuity decreased their target price on HMS from $46.00 to $38.00 and set a “positive” rating for the company in a research report on Monday, February 24th. Credit Suisse Group reaffirmed a “buy” rating on shares of HMS in a research report on Wednesday. Zacks Investment Research lowered HMS from a “buy” rating to a “sell” rating and set a $25.00 target price for the company. in a research report on Wednesday, February 26th. Finally, BidaskClub raised HMS from a “strong sell” rating to a “sell” rating in a research report on Saturday, March 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. HMS has an average rating of “Hold” and a consensus price target of $36.32.

NASDAQ HMSY traded up $1.29 on Friday, reaching $25.00. 987,750 shares of the stock traded hands, compared to its average volume of 787,081. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.92 and a current ratio of 3.92. The company has a fifty day moving average price of $24.35 and a 200-day moving average price of $29.42. 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. HMS has a 12 month low of $18.19 and a 12 month high of $40.67.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HMSY. Stifel Financial Corp boosted 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 last quarter. Metropolitan Life Insurance Co NY boosted its stake in shares of HMS by 8.1% in the third quarter. Metropolitan Life Insurance Co NY now owns 28,311 shares of the business services provider’s stock worth $976,000 after buying an additional 2,118 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of HMS by 28.6% in the third quarter. Parametric Portfolio Associates LLC now owns 311,923 shares of the business services provider’s stock worth $10,750,000 after buying an additional 69,423 shares during the last quarter. Squarepoint Ops LLC boosted its position in HMS by 213.9% during the third quarter. Squarepoint Ops LLC now owns 81,374 shares of the business services provider’s stock worth $2,805,000 after purchasing an additional 55,454 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in HMS during the third quarter worth approximately $103,000. 98.39% of the stock is owned by hedge funds and other institutional investors.

HMS Company Profile

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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Earnings History and Estimates for HMS (NASDAQ:HMSY)

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