Analysts Anticipate eHealth, Inc. (EHTH) Will Post Quarterly Sales of $24.93 Million
Wall Street analysts expect eHealth, Inc. (NASDAQ:EHTH) to report sales of $24.93 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for eHealth’s earnings, with estimates ranging from $24.20 million to $26.11 million. eHealth posted sales of $32.08 million during the same quarter last year, which would indicate a negative year over year growth rate of 22.3%. The company is scheduled to announce its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that eHealth will report full-year sales of $24.93 million for the current year, with estimates ranging from $168.29 million to $172.48 million. For the next year, analysts forecast that the firm will report sales of $191.09 million per share, with estimates ranging from $173.99 million to $216.96 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow eHealth.
eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.75) by $0.17. The business had revenue of $28 million during the quarter, compared to analyst estimates of $29.25 million. eHealth had a negative return on equity of 5.64% and a negative net margin of 3.44%. The business’s revenue for the quarter was down 24.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS.
Several research analysts have weighed in on the company. BidaskClub upgraded eHealth from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. TheStreet downgraded eHealth from a “c” rating to a “d+” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded eHealth from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday, July 12th. Cantor Fitzgerald reiterated a “buy” rating and issued a $20.00 price target on shares of eHealth in a report on Thursday, July 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $18.00 price target on shares of eHealth in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.75.
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In other news, Director Jack L. Oliver III sold 14,745 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $16.79, for a total transaction of $247,568.55. Following the completion of 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 legal filing with the SEC, which is available at this link. Corporate insiders own 6.22% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its holdings in shares of eHealth by 92.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,611 shares of the financial services provider’s stock worth $143,000 after buying an additional 3,650 shares during the last quarter. Thrivent Financial For Lutherans acquired a new stake in shares of eHealth during the 2nd quarter worth $190,000. Hancock Holding Co. acquired a new stake in shares of eHealth during the 2nd quarter worth $198,000. Voya Investment Management LLC acquired a new stake in shares of eHealth during the 2nd quarter worth $201,000. Finally, Texas Permanent School Fund increased its holdings in shares of eHealth by 1.3% during the 2nd quarter. Texas Permanent School Fund now owns 12,245 shares of the financial services provider’s stock worth $230,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.
eHealth (NASDAQ EHTH) traded up 1.36% during trading on Thursday, reaching $24.60. The company had a trading volume of 128,935 shares. The stock’s market capitalization is $455.96 million. The firm has a 50-day moving average of $19.67 and a 200-day moving average of $16.17. eHealth has a 1-year low of $6.38 and a 1-year high of $25.65.
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.
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