Change Healthcare (NASDAQ:CHNG – Get Rating) released its earnings results on Wednesday. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02), MarketWatch Earnings reports. The firm had revenue of $920.13 million for the quarter, compared to analyst estimates of $902.86 million. Change Healthcare had a positive return on equity of 12.97% and a negative net margin of 2.27%. Change Healthcare’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share.
Change Healthcare stock opened at $22.95 on Thursday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.11 and a current ratio of 1.11. Change Healthcare has a 52 week low of $18.97 and a 52 week high of $23.99. The firm has a market cap of $7.16 billion, a P/E ratio of -95.62, a P/E/G ratio of 1.62 and a beta of 1.12. The business’s fifty day moving average is $23.01 and its two-hundred day moving average is $21.50.
CHNG has been the subject of a number of research reports. Piper Sandler restated a “buy” rating and set a $26.00 price objective on shares of Change Healthcare in a research report on Tuesday, April 26th. Credit Suisse Group began coverage on Change Healthcare in a research note on Friday, April 1st. They issued a “neutral” rating and a $25.75 price target for the company. Finally, Citigroup raised Change Healthcare from a “neutral” rating to a “buy” rating and set a $25.75 price target for the company in a research note on Friday, February 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $25.05.
Change Healthcare Company Profile (Get Rating)
Change Healthcare Inc, an independent healthcare technology company, provides data and analytics-driven solutions to enhance clinical, financial, administrative, and patient engagement outcomes in the United States healthcare system. It operates through three segments: Software and Analytics, Network Solutions, and Technology-Enabled Services.
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