Q3 2017 EPS Estimates for WebMD Health Corp. Decreased by Analyst (WBMD)
WebMD Health Corp. (NASDAQ:WBMD) – Research analysts at Leerink Swann lowered their Q3 2017 EPS estimates for shares of WebMD Health Corp. in a research report issued to clients and investors on Tuesday. Leerink Swann analyst D. Larsen now expects that the health services provider will earn $0.51 per share for the quarter, down from their previous estimate of $0.52. Leerink Swann also issued estimates for WebMD Health Corp.’s FY2017 earnings at $2.05 EPS.
Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of WebMD Health Corp. from a “buy” rating to a “hold” rating in a report on Friday. William Blair reissued a “hold” rating on shares of WebMD Health Corp. in a research note on Friday, March 31st. Cowen and Company cut WebMD Health Corp. from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a research note on Wednesday, March 15th. Mizuho increased their target price on WebMD Health Corp. from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, February 17th. Finally, Citigroup Inc raised WebMD Health Corp. from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Monday, January 30th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.88.
WebMD Health Corp. (NASDAQ:WBMD) opened at 54.82 on Friday. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 27.88 and a beta of 0.54. The stock has a 50 day moving average price of $52.59 and a 200 day moving average price of $51.77. WebMD Health Corp. has a 52 week low of $48.10 and a 52 week high of $67.55.
WebMD Health Corp. (NASDAQ:WBMD) last issued its quarterly earnings results on Tuesday, May 2nd. The health services provider reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.03. WebMD Health Corp. had a return on equity of 35.64% and a net margin of 11.97%. The company had revenue of $154.06 million for the quarter, compared to analyst estimates of $152.53 million.
Hedge funds have recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. raised its stake in WebMD Health Corp. by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,137,414 shares of the health services provider’s stock valued at $56,529,000 after buying an additional 5,119 shares during the last quarter. Janus Capital Management LLC raised its stake in WebMD Health Corp. by 0.5% in the fourth quarter. Janus Capital Management LLC now owns 1,037,098 shares of the health services provider’s stock valued at $51,409,000 after buying an additional 5,379 shares during the last quarter. Two Sigma Investments LP raised its stake in WebMD Health Corp. by 619.7% in the fourth quarter. Two Sigma Investments LP now owns 507,708 shares of the health services provider’s stock valued at $25,167,000 after buying an additional 437,159 shares during the last quarter. Hillhouse Capital Management Ltd. acquired a new stake in WebMD Health Corp. during the third quarter valued at about $22,560,000. Finally, Guggenheim Capital LLC raised its stake in WebMD Health Corp. by 8.7% in the fourth quarter. Guggenheim Capital LLC now owns 329,972 shares of the health services provider’s stock valued at $16,357,000 after buying an additional 26,544 shares during the last quarter. Institutional investors and hedge funds own 86.66% of the company’s stock.
About WebMD Health Corp.
WebMD Health Corp. is a provider of health information services. The Company provides its services to consumers, physicians and other healthcare professionals through its Websites, mobile applications and health-focused publications. Advertisers and sponsors use The WebMD Health Network to reach and engage healthcare professionals and consumers who are interested in healthy living, wellness, diseases and conditions, and other health-related topics.
Receive News & Ratings for WebMD Health Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WebMD Health Corp. and related companies with MarketBeat.com's FREE daily email newsletter.