Healthways, Inc. (TVTY) Issues Earnings Results

Healthways, Inc. (NASDAQ:TVTY) posted its earnings results on Thursday. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03, Briefing.com reports. The business had revenue of $138.90 million for the quarter, compared to the consensus estimate of $138.15 million. Healthways had a negative net margin of 18.90% and a positive return on equity of 37.59%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Healthways updated its FY17 guidance to $1.55-1.58 EPS.

Healthways (NASDAQ:TVTY) traded up 3.68% during mid-day trading on Friday, reaching $40.80. 1,107,628 shares of the company were exchanged. Healthways has a 1-year low of $15.56 and a 1-year high of $41.55. The stock has a 50-day moving average of $39.08 and a 200 day moving average of $31.40. The firm’s market capitalization is $1.60 billion.

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TVTY has been the topic of a number of analyst reports. ValuEngine raised shares of Healthways from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Healthways from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Tuesday, May 2nd. UBS AG lifted their price objective on shares of Healthways from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, June 23rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Healthways in a research report on Friday, June 16th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Healthways in a research report on Friday, April 28th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $35.25.

In other Healthways news, Director Mary Jane England sold 1,763 shares of the 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 transaction, the director now directly owns 19,453 shares in the company, valued at $621,523.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.42% of the company’s stock.

About Healthways

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.