Tivity Health Inc Forecasted to Earn Q3 2019 Earnings of $0.66 Per Share (TVTY)

Tivity Health Inc (NASDAQ:TVTY) – Analysts at Oppenheimer lifted their Q3 2019 earnings per share (EPS) estimates for shares of Tivity Health in a report issued on Thursday, May 9th. Oppenheimer analyst M. Naidu now anticipates that the company will earn $0.66 per share for the quarter, up from their previous estimate of $0.65. Oppenheimer also issued estimates for Tivity Health’s FY2019 earnings at $2.40 EPS.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Tivity Health from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research report on Thursday, April 25th. BidaskClub upgraded Tivity Health from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 8th. Piper Jaffray Companies raised their price objective on Tivity Health from $29.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday. Cantor Fitzgerald raised their price objective on Tivity Health from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Barrington Research set a $40.00 price objective on Tivity Health and gave the stock a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $33.00.

Tivity Health stock opened at $19.01 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.86 and a debt-to-equity ratio of 2.13. The stock has a market capitalization of $905.83 million, a price-to-earnings ratio of 8.12, a PEG ratio of 0.82 and a beta of 1.10. Tivity Health has a 12 month low of $16.25 and a 12 month high of $41.46.

Tivity Health (NASDAQ:TVTY) last posted its earnings results on Wednesday, May 8th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $214.10 million during the quarter, compared to the consensus estimate of $200.39 million. Tivity Health had a return on equity of 26.02% and a net margin of 12.18%. The business’s quarterly revenue was up 42.8% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of the company. Piedmont Investment Advisors Inc. raised its position in shares of Tivity Health by 5.5% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 9,729 shares of the company’s stock worth $241,000 after acquiring an additional 511 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Tivity Health by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 17,112 shares of the company’s stock worth $425,000 after purchasing an additional 667 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Tivity Health by 5.7% in the fourth quarter. State of Alaska Department of Revenue now owns 13,691 shares of the company’s stock worth $339,000 after purchasing an additional 737 shares in the last quarter. Advisor Group Inc. increased its holdings in Tivity Health by 364.2% in the fourth quarter. Advisor Group Inc. now owns 1,142 shares of the company’s stock worth $29,000 after purchasing an additional 896 shares in the last quarter. Finally, Enlightenment Research LLC bought a new stake in Tivity Health in the fourth quarter worth approximately $37,000. Institutional investors own 94.73% of the company’s stock.

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

Tivity Health Company Profile

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 and Estimates for Tivity Health (NASDAQ:TVTY)

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