Allscripts Healthcare Solutions Inc (MDRX) Expected to Announce Quarterly Sales of $533.39 Million

Wall Street analysts expect Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) to report $533.39 million in sales for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Allscripts Healthcare Solutions’ earnings, with the highest sales estimate coming in at $552.10 million and the lowest estimate coming in at $508.70 million. Allscripts Healthcare Solutions reported sales of $415.10 million in the same quarter last year, which indicates a positive year over year growth rate of 28.5%. The business is scheduled to report its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Allscripts Healthcare Solutions will report full-year sales of $533.39 million for the current fiscal year, with estimates ranging from $2.16 billion to $2.22 billion. For the next fiscal year, analysts forecast that the business will post sales of $2.29 billion per share, with estimates ranging from $2.22 billion to $2.34 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Allscripts Healthcare Solutions.

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Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its quarterly earnings data on Thursday, February 15th. The software maker reported $0.18 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. Allscripts Healthcare Solutions had a negative net margin of 10.88% and a positive return on equity of 7.36%. The business had revenue of $547.00 million for the quarter, compared to analyst estimates of $524.05 million. During the same period in the prior year, the business posted $0.14 earnings per share. Allscripts Healthcare Solutions’s revenue was up 27.5% compared to the same quarter last year.

Several equities analysts recently weighed in on MDRX shares. Citigroup began coverage on shares of Allscripts Healthcare Solutions in a report on Thursday, January 4th. They issued a “buy” rating on the stock. Royal Bank of Canada set a $19.00 target price on shares of Allscripts Healthcare Solutions and gave the stock a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded shares of Allscripts Healthcare Solutions from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. BidaskClub lowered shares of Allscripts Healthcare Solutions from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $17.00 target price on shares of Allscripts Healthcare Solutions in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. Allscripts Healthcare Solutions currently has a consensus rating of “Buy” and a consensus target price of $16.09.

In related news, President Richard J. Poulton sold 15,000 shares of the firm’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $13.53, for a total transaction of $202,950.00. Following the sale, the president now directly owns 505,920 shares in the company, valued at $6,845,097.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brian Farley sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $13.73, for a total transaction of $68,650.00. Following the sale, the executive vice president now owns 240,672 shares in the company, valued at $3,304,426.56. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Large investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Allscripts Healthcare Solutions by 1.0% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 5,062,035 shares of the software maker’s stock worth $72,033,000 after acquiring an additional 49,823 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Allscripts Healthcare Solutions by 30.1% during the third quarter. Principal Financial Group Inc. now owns 1,003,690 shares of the software maker’s stock worth $14,283,000 after acquiring an additional 232,209 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of Allscripts Healthcare Solutions by 5.5% during the third quarter. Neuberger Berman Group LLC now owns 3,676,088 shares of the software maker’s stock worth $52,311,000 after acquiring an additional 190,158 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Allscripts Healthcare Solutions during the third quarter worth $710,000. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Allscripts Healthcare Solutions by 67,189.1% during the third quarter. Cubist Systematic Strategies LLC now owns 30,953 shares of the software maker’s stock worth $440,000 after acquiring an additional 30,907 shares during the period.

Allscripts Healthcare Solutions (NASDAQ:MDRX) opened at $13.35 on Friday. Allscripts Healthcare Solutions has a twelve month low of $11.25 and a twelve month high of $16.13. The firm has a market cap of $2,463.19, a P/E ratio of 28.98, a P/E/G ratio of 1.76 and a beta of 1.20. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.33.

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Allscripts Healthcare Solutions Company Profile

Allscripts Healthcare Solutions, Inc (Allscripts) delivers information technology (IT) solutions and services to help healthcare organizations. The Company operates through three segments: Clinical and Financial Solutions, Population Health, and Netsmart. The Clinical and Financial Solutions segment includes the sale of integrated clinical software applications and financial and information solutions.

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