Cerner Co. (NASDAQ:CERN) Expected to Announce Earnings of $0.89 Per Share

Brokerages expect Cerner Co. (NASDAQ:CERNGet Rating) to post $0.89 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Cerner’s earnings. The lowest EPS estimate is $0.83 and the highest is $0.97. Cerner reported earnings of $0.76 per share in the same quarter last year, which would suggest a positive year over year growth rate of 17.1%. The business is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Cerner will report full-year earnings of $3.66 per share for the current fiscal year, with EPS estimates ranging from $3.55 to $3.78. For the next fiscal year, analysts expect that the company will report earnings of $4.08 per share, with EPS estimates ranging from $3.80 to $4.24. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Cerner.

Cerner (NASDAQ:CERNGet Rating) last released its earnings results on Tuesday, February 22nd. The company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.07. Cerner had a net margin of 9.64% and a return on equity of 21.44%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the firm earned $0.78 EPS. The company’s revenue was up 4.1% compared to the same quarter last year.

Several equities research analysts recently issued reports on the stock. lowered shares of Cerner from a “buy” rating to a “hold” rating in a report on Monday, December 20th. Edward Jones lowered shares of Cerner from a “buy” rating to a “hold” rating in a report on Monday, December 20th. Royal Bank of Canada downgraded Cerner from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $86.00 to $95.00 in a research report on Monday, December 20th. Morgan Stanley lifted their target price on Cerner from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 21st. Finally, Argus downgraded Cerner from a “buy” rating to a “hold” rating in a research report on Monday, April 11th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Cerner presently has an average rating of “Hold” and an average target price of $87.38.

In other Cerner news, insider Tracy L. Platt sold 7,769 shares of Cerner stock in a transaction dated Friday, March 11th. The stock was sold at an average price of $93.40, for a total value of $725,624.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.18% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of CERN. Kestra Advisory Services LLC grew its stake in shares of Cerner by 35.4% during the third quarter. Kestra Advisory Services LLC now owns 6,884 shares of the company’s stock worth $485,000 after acquiring an additional 1,801 shares during the last quarter. Westpac Banking Corp grew its stake in shares of Cerner by 13.6% during the third quarter. Westpac Banking Corp now owns 43,154 shares of the company’s stock worth $3,043,000 after acquiring an additional 5,171 shares during the last quarter. M&T Bank Corp grew its stake in shares of Cerner by 1.7% during the third quarter. M&T Bank Corp now owns 31,034 shares of the company’s stock worth $2,189,000 after acquiring an additional 509 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Cerner by 0.9% during the third quarter. Commonwealth Equity Services LLC now owns 50,366 shares of the company’s stock worth $3,551,000 after acquiring an additional 442 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Cerner by 530.6% during the third quarter. Janney Montgomery Scott LLC now owns 35,335 shares of the company’s stock worth $2,492,000 after acquiring an additional 29,732 shares during the last quarter. Institutional investors and hedge funds own 83.96% of the company’s stock.

Shares of NASDAQ:CERN opened at $93.30 on Friday. The firm’s 50 day moving average price is $93.07 and its 200-day moving average price is $84.95. The stock has a market capitalization of $27.43 billion, a PE ratio of 50.43, a price-to-earnings-growth ratio of 2.36 and a beta of 0.82. Cerner has a twelve month low of $69.08 and a twelve month high of $93.87. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.44.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 19th. Shareholders of record on Monday, March 28th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, March 25th. This represents a $1.08 annualized dividend and a yield of 1.16%. Cerner’s dividend payout ratio (DPR) is presently 58.38%.

Cerner Company Profile (Get Rating)

Cerner Corporation, together with its subsidiaries, provides health care information technology solutions and tech-enabled services in the United States and internationally. It 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.

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