WebMD Health Corp. (WBMD) Expected to Earn Q1 2017 Earnings of $0.39 Per Share
WebMD Health Corp. (NASDAQ:WBMD) – Investment analysts at KeyCorp issued their Q1 2017 earnings per share estimates for shares of WebMD Health Corp. in a report issued on Tuesday. KeyCorp analyst D. Hooker forecasts that the brokerage will post earnings of $0.39 per share for the quarter. KeyCorp has a “Overweight” rating and a $72.00 price objective on the stock. KeyCorp also issued estimates for WebMD Health Corp.’s Q2 2017 earnings at $0.42 EPS, Q3 2017 earnings at $0.46 EPS and Q4 2017 earnings at $0.77 EPS.
WebMD Health Corp. (NASDAQ:WBMD) last posted its earnings results on Monday, August 8th. The company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. The business earned $167.60 million during the quarter, compared to analyst estimates of $165.46 million. WebMD Health Corp. had a return on equity of 40.02% and a net margin of 11.05%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 EPS.
WBMD has been the topic of a number of other reports. Leerink Swann reissued a “buy” rating on shares of WebMD Health Corp. in a research note on Wednesday. Zacks Investment Research cut WebMD Health Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Vetr raised WebMD Health Corp. from a “hold” rating to a “buy” rating and set a $68.50 target price on the stock in a research note on Monday, May 30th. Mizuho reissued a “buy” rating and issued a $63.00 target price (down from $68.00) on shares of WebMD Health Corp. in a research note on Monday. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $62.00 price objective on shares of WebMD Health Corp. in a research report on Thursday, August 11th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $64.79.
WebMD Health Corp. (NASDAQ:WBMD) opened at 50.68 on Wednesday. WebMD Health Corp. has a 12-month low of $38.11 and a 12-month high of $67.55. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 31.21 and a beta of 0.70. The firm’s 50-day moving average price is $52.56 and its 200-day moving average price is $59.20.
Several hedge funds and other institutional investors have recently bought and sold shares of WBMD. OMERS ADMINISTRATION Corp bought a new position in WebMD Health Corp. during the first quarter valued at approximately $457,000. ING Groep NV acquired a new stake in shares of WebMD Health Corp. during the first quarter valued at about $1,003,000. Columbia Partners L L C Investment Management acquired a new stake in shares of WebMD Health Corp. during the first quarter valued at about $6,913,000. Howard Hughes Medical Institute increased its stake in shares of WebMD Health Corp. by 8.7% in the first quarter. Howard Hughes Medical Institute now owns 38,396 shares of the company’s stock valued at $2,405,000 after buying an additional 3,075 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of WebMD Health Corp. by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 935,740 shares of the company’s stock valued at $58,605,000 after buying an additional 2,625 shares during the period. 84.19% of the stock is currently owned by hedge funds and other institutional investors.
WebMD Health Corp. Company Profile
WebMD Health Corp. is a provider of health information services. The Company provides its services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, mobile platforms and health-focused publications. The WebMD Health Network includes: www.WebMD.com, its primary public portal for consumers and related mobile-optimized sites and mobile apps; www.Medscape.com, its primary public portal for physicians and other healthcare professionals and related mobile services; and other sites through which, the Company provides its branded health and wellness content, tools and services.
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