Healthways, Inc. (NASDAQ:TVTY) – Stock analysts at Jefferies Group decreased their Q3 2017 earnings estimates for Healthways in a report released on Thursday. Jefferies Group analyst D. Styblo now forecasts that the company will earn $0.36 per share for the quarter, down from their prior estimate of $0.38. Jefferies Group has a “Buy” rating and a $36.00 price objective on the stock. Jefferies Group also issued estimates for Healthways’ Q4 2017 earnings at $0.34 EPS and FY2018 earnings at $1.59 EPS.
Healthways (NASDAQ:TVTY) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. Healthways had a net margin of 17.30% and a return on equity of 29.81%. The business had revenue of $138.90 million during the quarter, compared to analyst estimates of $138.15 million. The company’s quarterly revenue was up 11.1% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: This article was first posted by BNB Daily and is the property of of BNB Daily. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.baseball-news-blog.com/2017/08/19/healthways-inc-tvty-forecasted-to-earn-q3-2017-earnings-of-0-36-per-share-updated-updated.html.
Several other research firms have also commented on TVTY. UBS AG raised their price objective on shares of Healthways from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, June 23rd. Barrington Research raised their price objective on shares of Healthways from $35.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday. Cantor Fitzgerald raised their price objective on shares of Healthways from $34.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, June 9th. BidaskClub raised shares of Healthways from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Finally, ValuEngine raised shares of Healthways from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Healthways currently has an average rating of “Buy” and an average target price of $35.25.
Shares of Healthways (TVTY) opened at 39.65 on Monday. The stock has a 50 day moving average of $39.21 and a 200 day moving average of $31.76. The company’s market cap is $1.56 billion. Healthways has a 12-month low of $15.56 and a 12-month high of $41.55.
A number of hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new stake in shares of Healthways during the first quarter valued at $107,000. ClariVest Asset Management LLC purchased a new stake in shares of Healthways during the first quarter valued at $141,000. US Bancorp DE purchased a new stake in shares of Healthways during the first quarter valued at $145,000. Strs Ohio purchased a new stake in shares of Healthways during the first quarter valued at $154,000. Finally, Capstone Asset Management Co. purchased a new stake in shares of Healthways during the first quarter valued at $216,000.
In related news, Director Mary Jane England sold 1,763 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $31.95, for a total value of $56,327.85. Following the sale, the director now owns 19,453 shares of the company’s stock, valued at $621,523.35. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.42% of the stock is owned by company insiders.
Tivity Health, Inc, formerly Healthways, Inc, is focused targeted population health for those aged 50 and older. The Company offers three programs: SilverSneakers senior fitness, Prime fitness and WholeHealth Living. The SilverSneakers senior fitness program is offered to members of Medicare Advantage, Medicare Supplement, and Group Retiree plans.
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