Equities research analysts expect that eHealth, Inc. (NASDAQ:EHTH) will post sales of $37.17 million for the current quarter, Zacks reports. Three analysts have provided estimates for eHealth’s earnings, with the highest sales estimate coming in at $39.22 million and the lowest estimate coming in at $35.16 million. eHealth reported sales of $32.66 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.8%. The firm is expected to report its next quarterly earnings report on Thursday, July 25th.
On average, analysts expect that eHealth will report full year sales of $328.29 million for the current year, with estimates ranging from $325.44 million to $331.19 million. For the next fiscal year, analysts expect that the company will report sales of $403.18 million, with estimates ranging from $386.22 million to $414.89 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for eHealth.
eHealth (NASDAQ:EHTH) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.49. eHealth had a positive return on equity of 5.82% and a negative net margin of 0.03%. The firm had revenue of $68.80 million during the quarter, compared to analyst estimates of $51.61 million. During the same period last year, the company posted ($0.07) EPS. The business’s quarterly revenue was up 59.6% compared to the same quarter last year.
A number of brokerages have commented on EHTH. Royal Bank of Canada set a $89.00 price objective on eHealth and gave the stock a “buy” rating in a research report on Friday, April 26th. BidaskClub lowered eHealth from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 11th. SunTrust Banks lifted their price target on eHealth to $120.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Zacks Investment Research upgraded eHealth from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Monday, April 29th. Finally, Cantor Fitzgerald lifted their price target on eHealth from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $86.57.
In related news, Director Michael Goldberg sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $63.23, for a total value of $474,225.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert S. Hurley sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $60.47, for a total value of $90,705.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,255 shares of company stock valued at $3,355,545. 4.14% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. acquired a new stake in eHealth in the 4th quarter worth approximately $27,000. Quantamental Technologies LLC acquired a new stake in eHealth in the 1st quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new stake in eHealth in the 1st quarter worth approximately $67,000. Municipal Employees Retirement System of Michigan acquired a new stake in eHealth in the 4th quarter worth approximately $181,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in eHealth in the 1st quarter worth approximately $220,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.
NASDAQ EHTH traded up $3.89 during trading on Wednesday, reaching $86.10. 1,610,606 shares of the company’s stock were exchanged, compared to its average volume of 399,063. eHealth has a fifty-two week low of $21.90 and a fifty-two week high of $86.30. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 136.67 and a beta of 1.12. The stock has a fifty day moving average price of $70.33.
eHealth, Inc provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.
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