HMS Holdings Corp (NASDAQ:HMSY) Expected to Announce Quarterly Sales of $171.48 Million

Analysts expect HMS Holdings Corp (NASDAQ:HMSY) to post $171.48 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for HMS’s earnings. The lowest sales estimate is $170.10 million and the highest is $173.30 million. HMS posted sales of $155.83 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The business is expected to announce its next earnings report on Friday, February 28th.

On average, analysts expect that HMS will report full year sales of $634.06 million for the current year, with estimates ranging from $633.00 million to $635.00 million. For the next fiscal year, analysts forecast that the company will post sales of $680.60 million, with estimates ranging from $668.11 million to $694.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover HMS.

HMS (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, November 1st. The business services provider reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. HMS had a return on equity of 14.28% and a net margin of 16.69%. The firm had revenue of $146.82 million for the quarter, compared to analysts’ expectations of $165.79 million. During the same period in the prior year, the business posted $0.28 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis.

A number of analysts recently commented on HMSY shares. Cantor Fitzgerald set a $42.00 price target on HMS and gave the stock a “buy” rating in a research note on Friday, August 2nd. Leerink Swann started coverage on HMS in a research note on Monday, August 5th. They issued an “outperform” rating and a $50.00 price target for the company. BidaskClub lowered HMS from a “hold” rating to a “sell” rating in a research note on Saturday, October 26th. Svb Leerink reaffirmed an “outperform” rating and issued a $50.00 price target on shares of HMS in a research note on Monday, August 5th. Finally, Zacks Investment Research raised HMS from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $40.76.

In other HMS news, CEO William C. Lucia sold 32,005 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $37.06, for a total transaction of $1,186,105.30. Following the completion of the transaction, the chief executive officer now owns 172,378 shares of the company’s stock, valued at $6,388,328.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William F. Miller III sold 2,766 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $37.11, for a total value of $102,646.26. Following the transaction, the director now directly owns 67,542 shares of the company’s stock, valued at approximately $2,506,483.62. The disclosure for this sale can be found here. Insiders have sold 220,656 shares of company stock valued at $8,376,626 in the last three months. Insiders own 2.87% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its position in HMS by 5.9% during the second quarter. BlackRock Inc. now owns 13,324,234 shares of the business services provider’s stock valued at $431,572,000 after buying an additional 737,668 shares during the period. Vanguard Group Inc. increased its holdings in shares of HMS by 4.6% during the second quarter. Vanguard Group Inc. now owns 9,212,609 shares of the business services provider’s stock valued at $298,396,000 after acquiring an additional 406,208 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of HMS by 0.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,629,880 shares of the business services provider’s stock valued at $85,182,000 after acquiring an additional 14,227 shares in the last quarter. Stephens Investment Management Group LLC increased its holdings in shares of HMS by 0.6% during the second quarter. Stephens Investment Management Group LLC now owns 1,479,955 shares of the business services provider’s stock valued at $47,936,000 after acquiring an additional 8,269 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new position in shares of HMS during the second quarter valued at $46,427,000. 96.50% of the stock is owned by institutional investors and hedge funds.

Shares of HMSY traded up $0.39 during midday trading on Thursday, hitting $27.17. 590,200 shares of the company traded hands, compared to its average volume of 580,870. The stock has a 50-day moving average of $33.14 and a 200-day moving average of $33.52. HMS has a one year low of $24.43 and a one year high of $40.67. The firm has a market cap of $2.37 billion, a P/E ratio of 32.35, a PEG ratio of 2.31 and a beta of 1.16. The company has a debt-to-equity ratio of 0.31, a current ratio of 6.68 and a quick ratio of 6.72.

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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