Tivity Health (TVTY) Announces Earnings Results

Tivity Health (NASDAQ:TVTY) announced its quarterly earnings results on Wednesday. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01, Briefing.com reports. The firm had revenue of $214.10 million for the quarter, compared to the consensus estimate of $200.39 million. Tivity Health had a return on equity of 30.19% and a net margin of 16.30%. The business’s revenue was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. Tivity Health updated its FY 2019 guidance to $2.24-2.52 EPS and its FY19 guidance to $2.24-2.52 EPS.

Tivity Health stock opened at $20.31 on Friday. Tivity Health has a 12 month low of $16.25 and a 12 month high of $41.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $1.09 billion, a PE ratio of 8.68, a PEG ratio of 0.89 and a beta of 1.10.

In related news, Director Sara Finley purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was acquired at an average cost of $17.25 per share, for a total transaction of $34,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradley S. Karro purchased 2,900 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average price of $16.54 per share, with a total value of $47,966.00. Following the completion of the purchase, the director now owns 24,696 shares of the company’s stock, valued at approximately $408,471.84. The disclosure for this purchase can be found here. 1.64% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Tivity Health by 13.5% in the first quarter. BlackRock Inc. now owns 7,006,292 shares of the company’s stock valued at $123,031,000 after buying an additional 833,623 shares during the period. Vanguard Group Inc boosted its stake in shares of Tivity Health by 0.3% in the third quarter. Vanguard Group Inc now owns 5,788,356 shares of the company’s stock valued at $186,095,000 after buying an additional 17,212 shares during the period. Vanguard Group Inc. boosted its stake in shares of Tivity Health by 0.3% in the third quarter. Vanguard Group Inc. now owns 5,788,356 shares of the company’s stock valued at $186,095,000 after buying an additional 17,212 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Tivity Health by 91.3% in the third quarter. JPMorgan Chase & Co. now owns 2,545,523 shares of the company’s stock valued at $81,838,000 after buying an additional 1,214,918 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in shares of Tivity Health by 11.7% in the third quarter. Neuberger Berman Group LLC now owns 2,505,075 shares of the company’s stock valued at $80,538,000 after buying an additional 262,305 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

A number of equities analysts have weighed in on the company. BidaskClub raised Tivity Health from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Oppenheimer boosted their price target on Tivity Health from $31.00 to $36.00 in a research report on Thursday. Zacks Investment Research raised Tivity Health from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research report on Wednesday, May 1st. Piper Jaffray Companies upped their target price on Tivity Health from $29.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Craig Hallum assumed coverage on Tivity Health in a research report on Thursday, April 11th. They issued a “buy” rating and a $30.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $33.00.

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About Tivity Health

Tivity Health, Inc provides fitness and health improvement programs in the United States. The company offers SilverSneakers senior fitness program to the members of Medicare advantage, Medicare supplement; and Prime fitness, a fitness facility access program through commercial health plans and employers.

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Earnings History for Tivity Health (NASDAQ:TVTY)

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