Zacks: Brokerages Anticipate HMS Holdings Corp (NASDAQ:HMSY) Will Announce Quarterly Sales of $165.51 Million

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Brokerages expect that HMS Holdings Corp (NASDAQ:HMSY) will post sales of $165.51 million for the current quarter, according to Zacks. Seven analysts have issued estimates for HMS’s earnings. The highest sales estimate is $168.21 million and the lowest is $159.80 million. HMS reported sales of $154.25 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.3%. The company is expected to announce its next earnings results before the market opens on Friday, November 1st.

On average, analysts expect that HMS will report full-year sales of $643.65 million for the current financial year, with estimates ranging from $598.30 million to $657.70 million. For the next year, analysts forecast that the business will report sales of $690.68 million, with estimates ranging from $651.40 million to $715.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow HMS.

HMS (NASDAQ:HMSY) last announced its quarterly earnings data on Friday, August 2nd. The business services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.18. HMS had a net margin of 16.08% and a return on equity of 15.22%. The business had revenue of $168.20 million during the quarter, compared to the consensus estimate of $158.25 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year.

A number of brokerages recently weighed in on HMSY. BidaskClub downgraded shares of HMS from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. ValuEngine downgraded shares of HMS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Cantor Fitzgerald set a $42.00 price objective on shares of HMS and gave the company a “buy” rating in a research report on Friday, August 2nd. Leerink Swann started coverage on shares of HMS in a research note on Monday, August 5th. They set an “outperform” rating and a $50.00 target price for the company. Finally, Canaccord Genuity boosted their target price on shares of HMS from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $42.19.

Shares of NASDAQ:HMSY traded down $0.23 during trading on Wednesday, reaching $34.09. 272,984 shares of the company’s stock traded hands, compared to its average volume of 562,685. The company has a debt-to-equity ratio of 0.32, a current ratio of 6.72 and a quick ratio of 6.72. HMS has a 12 month low of $26.22 and a 12 month high of $40.67. The company has a 50 day moving average of $35.42 and a 200-day moving average of $33.45. The stock has a market capitalization of $2.99 billion, a P/E ratio of 40.58, a price-to-earnings-growth ratio of 2.90 and a beta of 1.22.

In other news, Chairman William C. Lucia sold 8,352 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $39.08, for a total value of $326,396.16. Following the completion of the sale, the chairman now directly owns 148,584 shares of the company’s stock, valued at approximately $5,806,662.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard H. Stowe sold 2,766 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $37.43, for a total transaction of $103,531.38. Following the completion of the sale, the director now directly owns 81,763 shares of the company’s stock, valued at $3,060,389.09. The disclosure for this sale can be found here. Insiders have sold a total of 634,856 shares of company stock valued at $24,166,768 over the last three months. 2.87% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of HMSY. Nordea Investment Management AB lifted its stake in shares of HMS by 117.1% in the 1st quarter. Nordea Investment Management AB now owns 281,963 shares of the business services provider’s stock worth $8,350,000 after acquiring an additional 152,063 shares during the period. Scout Investments Inc. lifted its stake in shares of HMS by 64.1% in the 2nd quarter. Scout Investments Inc. now owns 225,021 shares of the business services provider’s stock worth $7,288,000 after acquiring an additional 87,864 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in shares of HMS in the 2nd quarter worth approximately $212,000. Louisiana State Employees Retirement System lifted its stake in shares of HMS by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the business services provider’s stock worth $1,086,000 after acquiring an additional 600 shares during the period. Finally, OLD National Bancorp IN acquired a new stake in shares of HMS in the 2nd quarter worth approximately $352,000. 96.88% of the stock is owned by institutional investors.

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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