Tivity Health (NASDAQ:TVTY) Posts Earnings Results, Misses Expectations By $0.02 EPS

Tivity Health (NASDAQ:TVTY) posted its quarterly earnings data on Wednesday. The company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.02), Bloomberg Earnings reports. The business had revenue of $340.40 million during the quarter, compared to analyst estimates of $340.73 million. Tivity Health had a return on equity of 26.62% and a net margin of 8.88%. The firm’s revenue for the quarter was up 124.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. Tivity Health updated its FY 2019 guidance to $2.14-2.32 EPS.

TVTY traded up $0.21 on Friday, reaching $18.52. 841,396 shares of the stock were exchanged, compared to its average volume of 770,244. The stock has a market capitalization of $789.00 million, a price-to-earnings ratio of 6.70, a PEG ratio of 0.68 and a beta of 1.05. The firm’s 50-day moving average is $16.54. The company has a quick ratio of 0.71, a current ratio of 0.86 and a debt-to-equity ratio of 2.13. Tivity Health has a fifty-two week low of $14.84 and a fifty-two week high of $41.46.

Several hedge funds have recently modified their holdings of TVTY. Advisor Group Inc. lifted its holdings in shares of Tivity Health by 364.2% in the 4th quarter. Advisor Group Inc. now owns 1,142 shares of the company’s stock valued at $29,000 after buying an additional 896 shares during the period. Shell Asset Management Co. acquired a new position in shares of Tivity Health in the 1st quarter valued at about $33,000. Pearl River Capital LLC acquired a new position in shares of Tivity Health in the 1st quarter valued at about $36,000. Asset Dedication LLC acquired a new position in shares of Tivity Health in the 1st quarter valued at about $46,000. Finally, Wealthcare Advisory Partners LLC acquired a new position in shares of Tivity Health in the 1st quarter valued at about $49,000.

A number of brokerages have commented on TVTY. Piper Jaffray Companies lowered their price target on Tivity Health from $33.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday. Zacks Investment Research cut Tivity Health from a “hold” rating to a “sell” rating in a research report on Friday. Cantor Fitzgerald lifted their price target on Tivity Health from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. Oppenheimer lifted their price target on Tivity Health from $31.00 to $36.00 in a research report on Thursday, May 9th. Finally, Barrington Research reaffirmed an “outperform” rating on shares of Tivity Health in a research report on Thursday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $32.11.

About Tivity Health

Tivity Health, Inc provides fitness and health improvement programs in the United States. The company offers SilverSneakers senior fitness program to the members of Medicare advantage, Medicare supplement; and Prime fitness, a fitness facility access program through commercial health plans and employers.

Further Reading: How much can an individual set aside as a catch-up contribution?

Earnings History for Tivity Health (NASDAQ:TVTY)

Receive News & Ratings for Tivity Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tivity Health and related companies with MarketBeat.com's FREE daily email newsletter.