HMS Holdings added as a positive Fresh Pick at Baird » 08:3305/2205/22/20
Baird analyst Matthew…
Baird analyst Matthew Gillmor added HMS Holdings as a positive Fresh Pick following recent meetings with management. He said State budget pressures and and a potential sharp increase in Medicaid enrollment could drive upside to his estimates. He also sees its current valuation expanding as 2021 growth drivers come into better focus. Gillmor reiterated his Outperform rating and $40 price target on HMS Holdings shares.
|Over a week ago|
HMS Holdings lowers FY20 revenue view to $690M-$705M from $705M-$715M » 06:1105/0805/08/20
Consensus for FY20…
Consensus for FY20 revenue is $704.18M. Lowers FY20 adjusted EBITDA view to $177M-$187M from $185M-$192M.
HMS Holdings reports Q1 adjusted EPS 32c, consensus 25c » 06:0905/0805/08/20
Reports Q1 revenue…
Reports Q1 revenue $171.4M, consensus $162.32M. "HMS delivered solid top-line growth with Q1 revenue increasing 15.9% compared with the same period last year, driven by strong organic growth of 8.5% plus a full quarter of the Accent business acquired at the end of 2019," said CEO Bill Lucia. "Net income declined 35.4% year-over year in the quarter, due primarily to Accent-related integration costs this year and discrete tax benefits in 1Q19. Adjusted EBITDA increased 15.0% and cash and cash equivalents topped $148M at quarter end. With healthy cash flows and low leverage, HMS continues to be well positioned to invest in our talent, technology and product development to support our business growth and clients' needs".
|Over a month ago|
HMS Holdings initiated with a Sector Perform at RBC Capital » 16:2604/2004/20/20
RBC Capital analyst Sean…
RBC Capital analyst Sean Dodge initiated coverage of HMS Holdings with a Sector Perform rating and $27 price target. The analyst wants to see evidence the company's recent re-tooling of its sales force is building a revenue-generating pipeline before getting more constructive on the shares.
HMS Holdings initiated with an Outperform at SVB Leerink » 08:4904/1304/13/20
SVB Leerink analyst…
SVB Leerink analyst Stephanie Davis Demko initiated coverage of HMS Holdings with an Outperform rating and $31 price target. The analyst believes 2020 will be a battleground year for the healthcare landscape on both post-COVID-19 recession fears and headline risk surrounding the election. Given the uncertain macro backdrop, she prefers names benefiting from secular growth trends that will overshadow market volatility, with a high level of revenue visibility and potential for upward estimate revisions in fiscal year 2020, and closest to the consumer, where Davis Demko sees the strongest near-term demand.
|Over a quarter ago|
HMS Holdings price target lowered to $38 from $46 at Canaccord » 08:3402/2402/24/20
Canaccord analyst Richard…
Canaccord analyst Richard Close lowered his price target on HMS Holdings to $38 from $46 as the company missed both its Q4 and 2020 forecasts. The analyst lowered his estimates as well based on the new guidance but he is keeping a favorable outlook based on it recent Accent acquisition and its cross-selling opportunity, continued PI strength, and positive population management which keeps it better positioned for growth than ever before. Close reiterated his Buy rating on HMS Holdings shares.
HMS Holdings sees FY20 CapEx approximately $30M-$35M » 06:1002/2102/21/20
Sees FY20 effective tax…
Sees FY20 effective tax rate 28%-30%.
HMS Holdings sees FY20 revenue $705M-$715M, consensus $701.56M » 06:0302/2102/21/20
Sees FY20 adjusted EBITDA…
Sees FY20 adjusted EBITDA $185M-$192M.
HMS Holdings reports Q4 adjusted EPS 27c, consensus 31c » 06:0202/2102/21/20
Reports Q4 revenue…
Reports Q4 revenue $163.4M, consensus $170.79M.
JPMorgan to hold a conference » 10:2501/1601/16/20
ELGX, FPRX, HMSY, IDRA, LXRX, RIGL, TRXC, NVDA, JNCE, GRTS, STRO, ZIOP, IMGN, ATRC, ACOR, ARNA, KURA, NXTC, VEEV, RVNC, ISEE, INSP, CLSD, MSON, KRTX
38th Annual Healthcare…
38th Annual Healthcare Conference is being held in San Francisco on January 13-16 with webcasted company presentations to begin on January 16 at 10:30 am; not all company presentations may be webcasted. Webcast Link