Research Analysts Issue Forecasts for WebMD Health Corp.’s Q1 2017 Earnings (WBMD)
WebMD Health Corp. (NASDAQ:WBMD) – Stock analysts at KeyCorp issued their Q1 2017 earnings per share (EPS) estimates for WebMD Health Corp. in a research note issued to investors on Tuesday. KeyCorp analyst D. Hooker anticipates that the brokerage will post earnings of $0.39 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $72.00 price target 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 issued its earnings results on Monday, August 8th. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. WebMD Health Corp. had a net margin of 11.05% and a return on equity of 40.02%. The business had revenue of $167.60 million for the quarter, compared to the consensus estimate of $165.46 million. During the same quarter last year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year.
A number of other equities analysts have also recently issued reports on WBMD. Vetr upgraded shares of WebMD Health Corp. from a “hold” rating to a “buy” rating and set a $68.50 price objective for the company in a research note on Tuesday, May 24th. William Blair cut shares of WebMD Health Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, June 3rd. They noted that the move was a valuation call. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of WebMD Health Corp. in a research note on Wednesday, June 22nd. Leerink Swann restated an “outperform” rating on shares of WebMD Health Corp. in a research note on Friday, June 24th. Finally, Zacks Investment Research cut shares of WebMD Health Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $64.79.
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Shares of WebMD Health Corp. (NASDAQ:WBMD) traded down 0.12% during trading on Wednesday, hitting $48.84. 213,935 shares of the stock were exchanged. The stock’s 50 day moving average is $53.16 and its 200-day moving average is $59.33. WebMD Health Corp. has a 12-month low of $37.89 and a 12-month high of $67.55. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 30.07 and a beta of 0.70.
Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of WebMD Health Corp. during the first quarter worth approximately $115,000. LS Investment Advisors LLC bought a new stake in shares of WebMD Health Corp. during the second quarter worth approximately $134,000. BlackRock Inc. raised its stake in shares of WebMD Health Corp. by 131.1% in the first quarter. BlackRock Inc. now owns 2,491 shares of the company’s stock worth $156,000 after buying an additional 1,413 shares in the last quarter. Parametrica Management Ltd bought a new stake in shares of WebMD Health Corp. during the first quarter worth approximately $203,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of WebMD Health Corp. by 11,003.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,553 shares of the company’s stock worth $207,000 after buying an additional 3,521 shares in the last quarter. 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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