Catasys (NASDAQ:CATS) Issues Earnings Results, Misses Expectations By $0.03 EPS

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Catasys (NASDAQ:CATS) released its quarterly earnings data on Wednesday. The company reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.03), Fidelity Earnings reports. The company had revenue of $7.68 million for the quarter, compared to the consensus estimate of $6.72 million. Catasys updated its FY 2019 guidance to EPS.

Shares of CATS stock traded down $2.59 during mid-day trading on Thursday, hitting $15.19. 11,640 shares of the stock traded hands, compared to its average volume of 143,992. The stock has a market capitalization of $275.74 million, a PE ratio of -16.98 and a beta of 1.61. The stock’s fifty day moving average price is $17.94. Catasys has a 52-week low of $7.51 and a 52-week high of $20.83.

CATS has been the subject of several analyst reports. Zacks Investment Research lowered shares of Catasys from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Canaccord Genuity increased their price target on shares of Catasys from $15.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Dougherty & Co initiated coverage on shares of Catasys in a research report on Tuesday, May 7th. They set a “buy” rating for the company. Finally, BidaskClub raised shares of Catasys from a “sell” rating to a “hold” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.80.

Catasys Company Profile

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.

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Earnings History for Catasys (NASDAQ:CATS)

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