CorVel (NASDAQ:CRVL) Announces Earnings Results

CorVel (NASDAQ:CRVL) posted its quarterly earnings data on Tuesday. The business services provider reported $0.46 earnings per share (EPS) for the quarter, Zacks reports. CorVel had a net margin of 9.64% and a return on equity of 31.73%.

CorVel Stock Up 1.4 %

NASDAQ CRVL opened at $117.58 on Tuesday. The business has a 50-day moving average price of $123.76 and a 200-day moving average price of $111.79. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 75.64 and a beta of 1.16. CorVel has a twelve month low of $76.20 and a twelve month high of $127.24.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded CorVel from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd.

Insider Buying and Selling

In other news, EVP Mark E. Bertels sold 1,050 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $119.12, for a total transaction of $125,072.50. Following the completion of the transaction, the executive vice president now directly owns 2,580 shares in the company, valued at approximately $307,321. This represents a 28.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 47.57% of the stock is owned by insiders.

CorVel Company Profile

CorVel Corporation provides workers’ compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.