-$0.84 Earnings Per Share Expected for eHealth, Inc. (EHTH) This Quarter
Analysts predict that eHealth, Inc. (NASDAQ:EHTH) will report earnings of ($0.84) per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for eHealth’s earnings. The highest EPS estimate is ($0.65) and the lowest is ($0.97). eHealth reported earnings per share of ($0.30) in the same quarter last year, which would suggest a negative year-over-year growth rate of 180%. The company is expected to issue its next earnings report on Thursday, October 26th.
On average, analysts expect that eHealth will report full-year earnings of ($1.51) per share for the current financial year, with EPS estimates ranging from ($1.56) to ($1.49). For the next financial year, analysts anticipate that the firm will report earnings of ($1.16) per share. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow eHealth.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.75) by $0.17. The business had revenue of $28 million for the quarter, compared to analysts’ expectations of $29.25 million. eHealth had a negative net margin of 3.44% and a negative return on equity of 5.64%. The business’s quarterly revenue was down 24.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 earnings per share.
A number of research firms have issued reports on EHTH. Zacks Investment Research lowered shares of eHealth from a “hold” rating to a “strong sell” rating in a report on Thursday. BidaskClub lowered shares of eHealth from a “hold” rating to a “sell” rating in a report on Thursday. TheStreet lowered shares of eHealth from a “c” rating to a “d+” rating in a report on Thursday, July 27th. Cantor Fitzgerald reiterated a “buy” rating and set a $20.00 target price on shares of eHealth in a report on Thursday, July 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $18.00 target price on shares of eHealth in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.25.
Shares of eHealth (EHTH) traded up 3.32% during trading on Friday, reaching $17.73. 94,377 shares of the company traded hands. The firm’s 50 day moving average price is $18.45 and its 200-day moving average price is $14.64. The company’s market capitalization is $327.67 million. eHealth has a 52 week low of $6.38 and a 52 week high of $19.53.
ILLEGAL ACTIVITY NOTICE: “-$0.84 Earnings Per Share Expected for eHealth, Inc. (EHTH) This Quarter” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/08/06/0-84-earnings-per-share-expected-for-ehealth-inc-ehth-this-quarter.html.
In other eHealth news, Director Jack L. Oliver III sold 14,745 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $16.79, for a total transaction of $247,568.55. Following the sale, the director now directly owns 51,375 shares in the company, valued at approximately $862,586.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.22% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in EHTH. Cannell Capital LLC raised its stake in shares of eHealth by 37.2% in the first quarter. Cannell Capital LLC now owns 916,364 shares of the financial services provider’s stock worth $11,033,000 after buying an additional 248,417 shares during the last quarter. Redmile Group LLC raised its stake in shares of eHealth by 19.4% in the first quarter. Redmile Group LLC now owns 1,191,334 shares of the financial services provider’s stock worth $14,344,000 after buying an additional 193,713 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of eHealth by 11.3% in the first quarter. Renaissance Technologies LLC now owns 878,900 shares of the financial services provider’s stock worth $10,582,000 after buying an additional 89,400 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of eHealth by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 645,432 shares of the financial services provider’s stock worth $7,771,000 after buying an additional 56,767 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of eHealth by 5.9% in the first quarter. Vanguard Group Inc. now owns 932,496 shares of the financial services provider’s stock worth $11,227,000 after buying an additional 52,357 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.
eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for eHealth Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eHealth Inc. and related companies with MarketBeat.com's FREE daily email newsletter.