Cerner (CERN) Issues Earnings Results, Misses Expectations By $0.03 EPS
Cerner (NASDAQ:CERN) released its quarterly earnings data on Tuesday. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03), Bloomberg Earnings reports. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.33 billion. Cerner had a net margin of 13.37% and a return on equity of 18.03%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 EPS. Cerner updated its Q1 guidance to $0.57-0.59 EPS and its FY18 guidance to $2.57-2.73 EPS.
Cerner (NASDAQ:CERN) opened at $63.99 on Wednesday. The company has a current ratio of 2.77, a quick ratio of 2.75 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $21,078.43, a PE ratio of 31.84, a PEG ratio of 1.86 and a beta of 0.90. Cerner has a 52-week low of $51.26 and a 52-week high of $73.86.
A number of equities research analysts recently commented on the company. SunTrust Banks dropped their price objective on Cerner from $68.00 to $2.82 and set a “hold” rating for the company in a report on Wednesday. Zacks Investment Research cut Cerner from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BidaskClub cut Cerner from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. Piper Jaffray Companies reissued a “buy” rating and issued a $70.00 target price on shares of Cerner in a research note on Thursday, November 30th. Finally, Jefferies Group reissued a “buy” rating on shares of Cerner in a research note on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.36.
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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