eHealth (EHTH) Posts Quarterly Results
eHealth (NASDAQ:EHTH) posted its quarterly earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02, AnalystRatings.NET reports. The company had revenue of $50.90 million for the quarter, compared to the consensus estimate of $51.37 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. eHealth updated its FY14 guidance to $0.43-0.51 EPS.
eHealth (NASDAQ:EHTH) traded down 0.07% on Thursday, hitting $41.86. 350,186 shares of the company’s stock traded hands. eHealth has a one year low of $21.09 and a one year high of $63.32. The stock’s 50-day moving average is $48.58 and its 200-day moving average is $47.56. The company has a market cap of $790.1 million and a price-to-earnings ratio of 465.44.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of eHealth from a “neutral” rating to an “underperform” rating in a research note on Tuesday, February 25th. They now have a $46.20 price target on the stock. On a related note, analysts at Jefferies Group raised their price target on shares of eHealth from $56.00 to $58.00 in a research note on Friday, February 21st. Finally, analysts at RBC Capital initiated coverage on shares of eHealth in a research note on Thursday, February 13th. They set an “outperform” rating and a $64.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $50.20.
eHealth, Inc (NASDAQ:EHTH) offers Internet-based health insurance agency services for individuals, families and small businesses in the United States, as well as technology licensing and Internet advertising services.
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