Tivity Health (TVTY) Trading Up 9.1% Following Earnings Beat
Tivity Health Inc (NASDAQ:TVTY)’s share price was up 9.1% during trading on Friday following a stronger than expected earnings report. The stock traded as high as $44.35 and last traded at $41.50. Approximately 1,597,654 shares were traded during trading, an increase of 290% from the average daily volume of 409,307 shares. The stock had previously closed at $38.05.
The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.32 by $0.09. Tivity Health had a return on equity of 30.23% and a net margin of 11.45%. The business had revenue of $139.40 million for the quarter, compared to the consensus estimate of $138.22 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. Tivity Health’s revenue for the quarter was up 11.6% on a year-over-year basis.
Several equities analysts recently commented on TVTY shares. Oppenheimer upped their price objective on Tivity Health from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Tivity Health from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Tuesday, October 31st. SunTrust Banks set a $50.00 target price on Tivity Health and gave the stock a “buy” rating in a research report on Friday, October 27th. ValuEngine downgraded Tivity Health from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $45.00 target price on shares of Tivity Health in a research report on Monday, November 6th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $46.75.
The stock has a market cap of $1,507.42, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 1.97 and a beta of 0.25. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.02.
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Tivity Health Company Profile
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.
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