Catasys (CATS) Announces Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Catasys (NASDAQ:CATS) announced its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.16, Morningstar.com reports. Catasys updated its FY 2019 guidance to EPS.

NASDAQ CATS opened at $10.98 on Friday. The firm has a market cap of $177.09 million, a price-to-earnings ratio of -12.91 and a beta of 1.95. Catasys has a 52 week low of $4.21 and a 52 week high of $14.29.

Several brokerages recently weighed in on CATS. Zacks Investment Research upgraded shares of Catasys from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Thursday, December 13th. TheStreet upgraded shares of Catasys from a “d+” rating to a “c” rating in a research report on Tuesday, January 29th. assumed coverage on shares of Catasys in a research note on Wednesday, February 13th. They set an “outperform” rating and a $16.00 price objective for the company. ValuEngine lowered shares of Catasys from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th. Finally, assumed coverage on shares of Catasys in a research note on Wednesday, February 13th. They set an “outperform” rating and a $16.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $15.20.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Uniplan Investment Counsel Inc. purchased a new stake in shares of Catasys during the third quarter valued at $3,511,000. Vanguard Group Inc boosted its stake in shares of Catasys by 53.8% during the third quarter. Vanguard Group Inc now owns 171,813 shares of the company’s stock valued at $2,208,000 after purchasing an additional 60,090 shares during the period. Vanguard Group Inc. boosted its stake in shares of Catasys by 53.8% during the third quarter. Vanguard Group Inc. now owns 171,813 shares of the company’s stock valued at $2,208,000 after purchasing an additional 60,090 shares during the period. Barclays PLC purchased a new stake in shares of Catasys during the fourth quarter valued at $455,000. Finally, B. Riley Wealth Management Inc. purchased a new stake in shares of Catasys during the third quarter valued at $217,000. 10.88% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This piece was originally published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://transcriptdaily.com/2019/03/15/catasys-cats-announces-quarterly-earnings-results-beats-expectations-by-0-16-eps.html.

About Catasys

Catasys, Inc provides big data predictive analytics, artificial intelligence and telehealth, combined with human intervention services to health plans and other third party payors. It offers OnTrak solution to improve treatment outcomes and lower the utilization of medical and behavioral health plan services.

Further Reading: How to calculate the intrinsic value of a stock

Earnings History for Catasys (NASDAQ:CATS)

Receive News & Ratings for Catasys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Catasys and related companies with MarketBeat.com's FREE daily email newsletter.