CorVel (NASDAQ:CRVL) Releases Quarterly Earnings Results

CorVel (NASDAQ:CRVL) issued its quarterly earnings data on Tuesday. The business services provider reported $0.46 earnings per share for the quarter, Zacks reports. CorVel had a return on equity of 31.73% and a net margin of 9.64%.

CorVel Trading Up 1.4 %

Shares of NASDAQ CRVL opened at $117.58 on Tuesday. CorVel has a 12-month low of $76.20 and a 12-month high of $127.24. The stock’s 50 day simple moving average is $123.76 and its 200 day simple moving average is $111.79. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 75.64 and a beta of 1.16.

Insider Buying and Selling at CorVel

In other CorVel news, EVP Mark E. Bertels sold 1,050 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $119.12, for a total transaction of $125,072.50. Following the transaction, the executive vice president now owns 2,580 shares of the company’s stock, valued at approximately $307,321. This trade represents a 28.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 47.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded CorVel from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd.

CorVel Company Profile

CorVel Corporation provides workers’ compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.