Cotiviti Holdings Inc (NASDAQ:COTV) Expected to Announce Quarterly Sales of $167.33 Million

Brokerages expect Cotiviti Holdings Inc (NASDAQ:COTV) to announce $167.33 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Cotiviti Holdings’ earnings. The lowest sales estimate is $166.00 million and the highest is $168.56 million. Cotiviti Holdings reported sales of $158.29 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.7%. The business is expected to report its next earnings results after the market closes on Tuesday, August 1st.

On average, analysts expect that Cotiviti Holdings will report full-year sales of $167.33 million for the current financial year, with estimates ranging from $691.72 million to $700.00 million. For the next year, analysts forecast that the company will post sales of $769.12 million per share, with estimates ranging from $761.40 million to $784.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Cotiviti Holdings.

COTV has been the subject of several recent research reports. Zacks Investment Research cut Cotiviti Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Jefferies Group LLC lowered their price target on Cotiviti Holdings from $45.00 to $41.00 and set a “hold” rating for the company in a research note on Thursday, May 4th. Finally, Leerink Swann initiated coverage on Cotiviti Holdings in a research note on Friday, April 7th. They issued an “outperform” rating and a $48.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $38.13.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/08/19/cotiviti-holdings-inc-nasdaqcotv-expected-to-announce-quarterly-sales-of-167-33-million-updated-updated.html.

In related news, Director Douglas Present sold 14,252 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $38.36, for a total value of $546,706.72. Following the completion of the sale, the director now owns 2,357 shares of the company’s stock, valued at approximately $90,414.52. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO J Douglas Williams sold 16,655 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $37.73, for a total value of $628,393.15. Following the completion of the sale, the chief executive officer now directly owns 2,943,302 shares of the company’s stock, valued at approximately $111,050,784.46. The disclosure for this sale can be found here. In the last three months, insiders sold 85,945 shares of company stock valued at $3,413,108.

A number of large investors have recently made changes to their positions in COTV. GW&K Investment Management LLC boosted its stake in shares of Cotiviti Holdings by 52.6% in the first quarter. GW&K Investment Management LLC now owns 952,149 shares of the business services provider’s stock worth $39,638,000 after buying an additional 328,281 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Cotiviti Holdings by 61.3% in the first quarter. Nationwide Fund Advisors now owns 30,969 shares of the business services provider’s stock worth $1,289,000 after buying an additional 11,773 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Cotiviti Holdings during the first quarter worth about $968,000. Russell Investments Group Ltd. boosted its stake in shares of Cotiviti Holdings by 62.7% in the first quarter. Russell Investments Group Ltd. now owns 56,640 shares of the business services provider’s stock worth $2,358,000 after buying an additional 21,820 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Cotiviti Holdings by 3.3% in the first quarter. Wells Fargo & Company MN now owns 79,757 shares of the business services provider’s stock worth $3,320,000 after buying an additional 2,534 shares during the last quarter.

Cotiviti Holdings (COTV) opened at 43.05 on Tuesday. The firm has a market capitalization of $3.95 billion and a PE ratio of 59.22. The firm’s 50-day moving average is $39.87 and its 200-day moving average is $38.62. Cotiviti Holdings has a 12 month low of $23.64 and a 12 month high of $45.97.

About Cotiviti Holdings

Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company focuses primarily on the healthcare sector. The Company operates through two segments: Healthcare, and Global Retail and Other. Through its Healthcare segment, the Company offers prospective and retrospective claims accuracy solutions to healthcare payers in the United States.

Get a free copy of the Zacks research report on Cotiviti Holdings (COTV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Cotiviti Holdings (NASDAQ:COTV)

What are top analysts saying about Cotiviti Holdings Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Cotiviti Holdings Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit