Q1 2020 Earnings Estimate for HMS Holdings Corp (NASDAQ:HMSY) Issued By William Blair

HMS Holdings Corp (NASDAQ:HMSY) – Analysts at William Blair lifted their Q1 2020 earnings estimates for shares of HMS in a research note issued on Wednesday, November 13th. William Blair analyst R. Daniels now forecasts that the business services provider will post earnings per share of $0.23 for the quarter, up from their prior forecast of $0.22. William Blair also issued estimates for HMS’s Q3 2020 earnings at $0.26 EPS and Q4 2020 earnings at $0.35 EPS.

HMS (NASDAQ:HMSY) last released its 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. The company had revenue of $146.82 million for the quarter, compared to the consensus estimate of $165.79 million. HMS had a return on equity of 14.28% and a net margin of 16.69%. HMS’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share.

Several other research firms also recently weighed in on HMSY. Svb Leerink reiterated an “outperform” rating and set a $50.00 target price on shares of HMS in a research report on Monday, August 5th. Leerink Swann assumed coverage on HMS in a research report on Monday, August 5th. They issued an “outperform” rating and a $50.00 price objective on the stock. ValuEngine downgraded HMS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Credit Suisse Group lowered their price objective on HMS from $45.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Finally, Zacks Investment Research upgraded HMS from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $40.76.

NASDAQ HMSY opened at $28.57 on Monday. The company has a market capitalization of $2.44 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 2.37 and a beta of 1.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 6.68 and a current ratio of 6.68. The business’s fifty day moving average is $32.03 and its 200 day moving average is $33.48. HMS has a fifty-two week low of $24.43 and a fifty-two week high of $40.67.

In other news, insider Teresa South sold 32,279 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $38.81, for a total value of $1,252,747.99. Following the transaction, the insider now directly owns 55,614 shares in the company, valued at $2,158,379.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William C. Lucia sold 32,005 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $37.06, for a total value of $1,186,105.30. Following the completion of the sale, the chief executive officer now owns 172,378 shares in the company, valued at $6,388,328.68. The disclosure for this sale can be found here. Insiders sold 220,656 shares of company stock worth $8,376,626 over the last 90 days. Company insiders own 2.87% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd lifted its position in shares of HMS by 162.5% in the second quarter. Point72 Hong Kong Ltd now owns 953 shares of the business services provider’s stock worth $31,000 after buying an additional 590 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of HMS in the second quarter worth about $35,000. Meeder Asset Management Inc. lifted its position in shares of HMS by 456.7% in the third quarter. Meeder Asset Management Inc. now owns 1,197 shares of the business services provider’s stock worth $41,000 after buying an additional 982 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of HMS in the third quarter worth about $103,000. Finally, FinTrust Capital Advisors LLC purchased a new stake in shares of HMS in the third quarter worth about $125,000. Institutional investors own 97.06% of the company’s stock.

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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