Earnings results for Cerner (NASDAQ:CERN)
Cerner last released its earnings results on July 29th, 2021. The reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Its revenue was up 9.5% on a year-over-year basis. Cerner has generated $2.45 earnings per share over the last year ($2.29 diluted earnings per share) and currently has a price-to-earnings ratio of 30.5. Earnings for Cerner are expected to grow by 14.34% in the coming year, from $2.72 to $3.11 per share. Cerner has confirmed that its next quarterly earnings report will be published on Friday, October 29th, 2021. Cerner will be holding an earnings conference call on Friday, October 29th at 9:00 AM Eastern. Interested parties can .
Analyst Opinion on Cerner (NASDAQ:CERN)
According to the issued ratings of 10 analysts in the last year, the consensus rating for Cerner stock is Buy based on the current 2 sell ratings, 1 hold rating and 7 buy ratings for CERN. The average twelve-month price target for Cerner is $84.40 with a high price target of $90.00 and a low price target of $75.00.
on CERN’s analyst rating history
Cerner has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 7 buy ratings, 1 hold rating, and 2 sell ratings. According to analysts’ consensus price target of $84.40, Cerner has a forecasted upside of 20.8% from its current price of $69.89. Cerner has only been the subject of 4 research reports in the past 90 days.
Dividend Strength: Cerner (NASDAQ:CERN)
Cerner pays a meaningful dividend of 1.22%, higher than the bottom 25% of all stocks that pay dividends. Cerner has only been increasing its dividend for 1 years. The dividend payout ratio of Cerner is 35.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Cerner will have a dividend payout ratio of 28.30% next year. This indicates that Cerner will be able to sustain or increase its dividend.
Insiders buying/selling: Cerner (NASDAQ:CERN)
In the past three months, Cerner insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,273,398.00 in company stock. Only 0.18% of the stock of Cerner is held by insiders. 85.59% of the stock of Cerner is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Cerner (NASDAQ:CERN
Earnings for Cerner are expected to grow by 14.34% in the coming year, from $2.72 to $3.11 per share. The P/E ratio of Cerner is 30.52, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.01. The P/E ratio of Cerner is 30.52, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 32.25. Cerner has a PEG Ratio of 2.22. PEG Ratios above 1 indicate that a company could be overvalued. Cerner has a P/B Ratio of 4.78. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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