Wall Street brokerages forecast that Cerner Co. (NASDAQ:CERN) will post earnings per share of $0.61 for the current quarter, according to Zacks. Eleven analysts have made estimates for Cerner’s earnings. The highest EPS estimate is $0.67 and the lowest is $0.59. Cerner also posted earnings per share of $0.61 in the same quarter last year. The company is scheduled to announce its next quarterly earnings results on Thursday, July 26th.
On average, analysts expect that Cerner will report full-year earnings of $2.51 per share for the current fiscal year, with EPS estimates ranging from $2.46 to $2.60. For the next financial year, analysts expect that the firm will report earnings of $2.81 per share, with EPS estimates ranging from $2.68 to $3.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Cerner.
Cerner (NASDAQ:CERN) last posted its earnings results on Wednesday, May 2nd. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. Cerner had a return on equity of 15.80% and a net margin of 16.50%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the business earned $0.59 EPS. Cerner’s revenue for the quarter was up 2.6% compared to the same quarter last year.
A number of equities analysts have weighed in on CERN shares. Bank of America started coverage on Cerner in a research report on Tuesday, February 27th. They set a “buy” rating and a $75.00 price target for the company. Cantor Fitzgerald reissued a “buy” rating and issued a $80.00 price objective on shares of Cerner in a report on Monday, March 5th. BidaskClub upgraded Cerner from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 8th. Stifel Nicolaus reiterated a “hold” rating and set a $71.00 price objective (up previously from $69.00) on shares of Cerner in a research report on Thursday, March 8th. Finally, Argus cut Cerner from a “buy” rating to a “hold” rating and increased their price objective for the stock from $54.49 to $64.65 in a research report on Tuesday, March 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $68.51.
In other Cerner news, Vice Chairman Clifford W. Illig sold 45,000 shares of Cerner stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $60.63, for a total value of $2,728,350.00. Following the transaction, the insider now owns 1,229,719 shares in the company, valued at $74,557,862.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman David Brent Shafer sold 13,348 shares of Cerner stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $61.36, for a total value of $819,033.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 275,848 shares of company stock worth $16,650,169. Company insiders own 4.71% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Sentry Investment Management LLC boosted its stake in shares of Cerner by 4.0% during the first quarter. Sentry Investment Management LLC now owns 23,112 shares of the company’s stock valued at $1,340,000 after purchasing an additional 896 shares in the last quarter. TCW Group Inc. increased its holdings in Cerner by 6.9% in the first quarter. TCW Group Inc. now owns 13,869 shares of the company’s stock worth $804,000 after purchasing an additional 900 shares in the last quarter. Bbva Compass Bancshares Inc. increased its holdings in Cerner by 1.2% in the first quarter. Bbva Compass Bancshares Inc. now owns 80,849 shares of the company’s stock worth $4,690,000 after purchasing an additional 924 shares in the last quarter. KCM Investment Advisors LLC increased its holdings in Cerner by 1.8% in the first quarter. KCM Investment Advisors LLC now owns 54,906 shares of the company’s stock worth $3,185,000 after purchasing an additional 975 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in Cerner by 21.2% during the first quarter. D.A. Davidson & CO. now owns 5,610 shares of the company’s stock worth $325,000 after buying an additional 981 shares in the last quarter. 77.72% of the stock is currently owned by hedge funds and other institutional investors.
Cerner traded up $0.50, reaching $59.69, during trading hours on Friday, Marketbeat.com reports. 35,208 shares of the stock were exchanged, compared to its average volume of 1,626,840. Cerner has a twelve month low of $52.05 and a twelve month high of $73.86. The company has a quick ratio of 2.93, a current ratio of 2.95 and a debt-to-equity ratio of 0.09. The company has a market cap of $19.85 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96.
Cerner Company Profile
Cerner Corporation provides health care information technology solutions and services in the United States and internationally. The company offers Cerner Millennium architecture, a person-centric computing framework, which includes clinical, financial, and management information systems that allow providers to access an individual's electronic health record (EHR) at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cerner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cerner and related companies with MarketBeat.com's FREE daily email newsletter.