Allscripts Healthcare Solutions (NASDAQ:MDRX) Updates FY19 Earnings Guidance

Allscripts Healthcare Solutions (NASDAQ:MDRX) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $0.65-0.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.68. Allscripts Healthcare Solutions also updated its FY 2019 guidance to $0.65-0.70 EPS.

Several brokerages have issued reports on MDRX. Cantor Fitzgerald reissued a hold rating and issued a $10.00 price target on shares of Allscripts Healthcare Solutions in a research note on Thursday, May 2nd. Zacks Investment Research raised Allscripts Healthcare Solutions from a sell rating to a hold rating in a research note on Wednesday, April 24th. BidaskClub lowered Allscripts Healthcare Solutions from a sell rating to a strong sell rating in a research note on Friday. Finally, ValuEngine lowered Allscripts Healthcare Solutions from a hold rating to a sell rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $12.60.

Shares of NASDAQ MDRX traded down $0.43 during midday trading on Friday, hitting $9.73. 3,919,772 shares of the stock traded hands, compared to its average volume of 1,951,054. The company has a market capitalization of $1.59 billion, a P/E ratio of 17.69, a PEG ratio of 1.95 and a beta of 1.30. Allscripts Healthcare Solutions has a one year low of $8.54 and a one year high of $14.97. The company’s 50 day moving average is $10.97. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.59.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last released its quarterly earnings data on Thursday, August 8th. The software maker reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $444.50 million during the quarter, compared to the consensus estimate of $449.03 million. Allscripts Healthcare Solutions had a return on equity of 6.92% and a net margin of 20.60%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 earnings per share. Research analysts predict that Allscripts Healthcare Solutions will post 0.48 earnings per share for the current fiscal year.

Allscripts Healthcare Solutions Company Profile

Allscripts Healthcare Solutions, Inc provides information technology solutions and services to healthcare organizations in the United States, Canada, and internationally. It offers electronic health records (EHR), connectivity, private cloud hosting, outsourcing, analytics, patient engagement, clinical decision support, and population health management solutions.

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