Cerner Corporation (NASDAQ:CERN) issued its quarterly earnings results on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01), Bloomberg Earnings reports. Cerner Corporation had a return on equity of 18.03% and a net margin of 13.37%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Cerner Corporation updated its Q4 guidance to $0.60-0.62 EPS and its FY18 guidance to $2.52-2.68 EPS.
Cerner Corporation (NASDAQ:CERN) traded down $0.17 on Friday, hitting $65.31. The stock had a trading volume of 1,326,453 shares, compared to its average volume of 2,547,376. Cerner Corporation has a 12-month low of $47.01 and a 12-month high of $73.86. The stock has a market cap of $21,766.53, a price-to-earnings ratio of 28.97, a PEG ratio of 2.11 and a beta of 0.93. The company has a current ratio of 2.77, a quick ratio of 2.75 and a debt-to-equity ratio of 0.11.
In other Cerner Corporation news, COO Michael Nill sold 99,470 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $70.45, for a total transaction of $7,007,661.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Clifford W. Illig sold 4,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $65.96, for a total value of $263,840.00. Following the sale, the chairman now owns 1,229,719 shares of the company’s stock, valued at $81,112,265.24. The disclosure for this sale can be found here. Insiders sold a total of 257,470 shares of company stock valued at $17,695,482 over the last quarter. 13.20% of the stock is owned by corporate insiders.
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A number of analysts have commented on the stock. Royal Bank Of Canada restated a “buy” rating on shares of Cerner Corporation in a research note on Wednesday, October 25th. Jefferies Group LLC restated a “buy” rating on shares of Cerner Corporation in a research note on Sunday, October 29th. Zacks Investment Research lowered shares of Cerner Corporation from a “buy” rating to a “sell” rating in a research note on Tuesday, October 31st. BidaskClub lowered shares of Cerner Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $69.00 target price on shares of Cerner Corporation in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $69.79.
About Cerner Corporation
Cerner Corporation (Cerner) is a supplier of healthcare information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations of all sizes. The Company’s segments include Domestic and Global. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States.
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