Cerner Co. (CERN) Expected to Earn FY2019 Earnings of $2.48 Per Share

Cerner Co. (NASDAQ:CERN) – Stock analysts at Jefferies Financial Group raised their FY2019 EPS estimates for Cerner in a research note issued on Tuesday, April 9th, according to Zacks Investment Research. Jefferies Financial Group analyst S. Dodge now forecasts that the company will earn $2.48 per share for the year, up from their prior forecast of $2.38. Jefferies Financial Group also issued estimates for Cerner’s FY2020 earnings at $2.99 EPS.

CERN has been the topic of several other research reports. Zacks Investment Research cut shares of Cerner from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Barclays reiterated a “hold” rating and set a $68.00 price target on shares of Cerner in a research report on Wednesday, April 10th. Citigroup set a $77.00 price objective on Cerner and gave the stock a “buy” rating in a research note on Wednesday, April 10th. BidaskClub downgraded Cerner from a “hold” rating to a “sell” rating in a research note on Tuesday, January 22nd. Finally, Morgan Stanley downgraded Cerner from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $68.00 to $47.00 in a research note on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $68.67.

CERN traded up $0.46 on Friday, hitting $68.47. 2,167,893 shares of the company’s stock were exchanged, compared to its average volume of 2,525,279. Cerner has a fifty-two week low of $48.78 and a fifty-two week high of $69.34. The company has a quick ratio of 2.55, a current ratio of 2.58 and a debt-to-equity ratio of 0.09. The stock has a market cap of $22.28 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 2.04 and a beta of 1.03.

Cerner (NASDAQ:CERN) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. Cerner had a net margin of 11.65% and a return on equity of 14.86%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the company earned $0.58 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year.

In other Cerner news, Director John J. Greisch purchased 9,000 shares of Cerner stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $67.57 per share, for a total transaction of $608,130.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R Halsey Wise purchased 7,600 shares of Cerner stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average price of $65.76 per share, with a total value of $499,776.00. The disclosure for this purchase can be found here. Company insiders own 4.71% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Moody National Bank Trust Division boosted its holdings in shares of Cerner by 72.5% during the first quarter. Moody National Bank Trust Division now owns 483 shares of the company’s stock worth $28,000 after acquiring an additional 203 shares during the period. Essex Savings Bank acquired a new stake in shares of Cerner in the fourth quarter valued at approximately $27,000. JNBA Financial Advisors acquired a new stake in shares of Cerner in the fourth quarter valued at approximately $34,000. Creative Financial Designs Inc. ADV raised its position in shares of Cerner by 303.4% in the first quarter. Creative Financial Designs Inc. ADV now owns 710 shares of the company’s stock valued at $41,000 after buying an additional 534 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Cerner in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

About Cerner

Cerner Corporation provides health care information technology solutions and tech-enabled services in the United States and internationally. The company offers Cerner Millennium architecture, a person-centric computing framework, which includes clinical, financial, and management information systems that allow providers to access an individual's electronic health record (EHR) at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers.

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Earnings History and Estimates for Cerner (NASDAQ:CERN)

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