HMS Holdings (HMSY) Expected to Post Quarterly Sales of $129.85 Million

Wall Street analysts expect that HMS Holdings (NASDAQ:HMSY) will announce sales of $129.85 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for HMS’s earnings. The lowest sales estimate is $128.73 million and the highest is $131.40 million. HMS posted sales of $114.50 million in the same quarter last year, which suggests a positive year-over-year growth rate of 13.4%. The business is scheduled to issue its next earnings report on Wednesday, May 9th.

On average, analysts expect that HMS will report full-year sales of $129.85 million for the current fiscal year, with estimates ranging from $560.23 million to $566.11 million. For the next financial year, analysts anticipate that the company will post sales of $603.33 million per share, with estimates ranging from $600.80 million to $605.44 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover HMS.

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HMS (NASDAQ:HMSY) last released its quarterly earnings data on Friday, February 23rd. The business services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.07). The company had revenue of $148.49 million for the quarter, compared to analyst estimates of $136.77 million. HMS had a net margin of 7.56% and a return on equity of 7.33%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share.

A number of equities research analysts have weighed in on HMSY shares. Citigroup started coverage on HMS in a report on Thursday, January 4th. They set a “neutral” rating on the stock. BidaskClub raised HMS from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Zacks Investment Research downgraded HMS from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Canaccord Genuity lifted their price objective on HMS from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $17.00 price objective on shares of HMS in a report on Friday, February 23rd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. HMS presently has a consensus rating of “Hold” and an average target price of $19.81.

Several large investors have recently bought and sold shares of the company. Zions Bancorporation bought a new position in HMS in the 3rd quarter worth approximately $116,000. Rathbone Brothers plc bought a new position in HMS in the 4th quarter worth approximately $207,000. Xact Kapitalforvaltning AB bought a new position in HMS in the 4th quarter worth approximately $226,000. Koch Industries Inc. bought a new position in HMS in the 4th quarter worth approximately $227,000. Finally, Envestnet Asset Management Inc. raised its position in HMS by 120.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 15,236 shares of the business services provider’s stock worth $302,000 after purchasing an additional 8,316 shares during the last quarter. Institutional investors own 99.48% of the company’s stock.

NASDAQ HMSY opened at $16.93 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.16 and a current ratio of 3.16. The company has a market cap of $1,408.74, a price-to-earnings ratio of 34.55, a P/E/G ratio of 2.37 and a beta of 0.84. HMS has a 1-year low of $11.01 and a 1-year high of $20.90.

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HMS Company Profile

HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. It provides coordination of benefits services to government and commercial healthcare payers and sponsors to coordinate benefits for claims; and payment integrity services that ensure healthcare claims billed are accurate and appropriate, as well as offers care management and consumer engagement solutions.

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