athenahealth (NASDAQ:ATHN) released its quarterly earnings results on Friday. The health services provider reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.10, Morningstar.com reports. athenahealth had a return on equity of 14.71% and a net margin of 8.71%. The firm had revenue of $331.40 million for the quarter, compared to the consensus estimate of $336.98 million. During the same quarter last year, the business posted $0.56 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. athenahealth updated its FY 2018 guidance to EPS.
Shares of NASDAQ ATHN traded down $4.53 during mid-day trading on Friday, hitting $120.35. The company had a trading volume of 849,908 shares, compared to its average volume of 557,273. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 76.66, a PEG ratio of 2.23 and a beta of 0.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.62 and a quick ratio of 2.62. athenahealth has a one year low of $116.77 and a one year high of $163.94.
Several analysts have issued reports on the company. Leerink Swann set a $138.00 price target on athenahealth and gave the company a “hold” rating in a research note on Thursday, November 1st. BidaskClub raised athenahealth from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 13th. Royal Bank of Canada reissued a “hold” rating and issued a $140.00 price target on shares of athenahealth in a research note on Friday, September 28th. MED dropped their price target on athenahealth to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, September 19th. Finally, SunTrust Banks dropped their price target on athenahealth to $150.00 in a research note on Wednesday, September 19th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $153.79.
Institutional investors have recently bought and sold shares of the stock. Integrated Investment Consultants LLC bought a new position in athenahealth during the second quarter worth about $150,000. Ropes Wealth Advisors LLC bought a new position in athenahealth during the second quarter worth about $194,000. Campbell & CO Investment Adviser LLC bought a new position in athenahealth during the second quarter worth about $206,000. Strs Ohio bought a new position in athenahealth during the second quarter worth about $208,000. Finally, Hengehold Capital Management LLC bought a new position in athenahealth during the second quarter worth about $214,000.
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athenahealth Company Profile
athenahealth, Inc, together with its subsidiaries, provides network-based medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. It offers athenaCollector, a network-enabled billing and practice management solution; athenaClinicals, an electronic health record for managing patient's clinical documentation; athenaCommunicator, an engagement and communication solution that provides an automated communication service between patients and provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services.
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