eHealth, Inc. (EHTH) Expected to Announce Quarterly Sales of $24.93 Million
Brokerages predict that eHealth, Inc. (NASDAQ:EHTH) will post $24.93 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for eHealth’s earnings. The lowest sales estimate is $24.20 million and the highest is $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 expected to issue its next quarterly earnings report on Thursday, October 26th.
On average, analysts expect that eHealth will report full-year sales of $24.93 million for the current financial year, with estimates ranging from $168.29 million to $172.48 million. For the next financial year, analysts expect that the business 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 an average based on a survey of research firms that cover eHealth.
eHealth (NASDAQ:EHTH) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.75) by $0.17. eHealth had a negative net margin of 3.44% and a negative return on equity of 5.64%. The business had revenue of $28 million during the quarter, compared to analyst estimates of $29.25 million. During the same quarter in the prior year, the company posted $0.09 EPS. The company’s quarterly revenue was down 24.9% compared to the same quarter last year.
Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded eHealth from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. Jefferies Group LLC reiterated a “hold” rating and issued a $18.00 target price on shares of eHealth in a report on Friday, July 14th. BidaskClub upgraded eHealth from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Cantor Fitzgerald reiterated a “buy” rating and issued a $20.00 target price on shares of eHealth in a report on Thursday, July 27th. Finally, TheStreet cut eHealth from a “c” rating to a “d+” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. eHealth presently has a consensus rating of “Hold” and an average price target of $18.25.
eHealth (EHTH) opened at 17.74 on Friday. The firm’s market cap is $328.81 million. The stock has a 50 day moving average of $18.11 and a 200-day moving average of $15.08. eHealth has a 52 week low of $6.38 and a 52 week high of $19.53.
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In related news, Director Jack L. Oliver III sold 14,745 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $16.79, for a total value of $247,568.55. Following the sale, the director now directly owns 51,375 shares in the company, valued at $862,586.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.22% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Cannell Capital LLC boosted its stake in shares of eHealth by 37.2% in the first quarter. Cannell Capital LLC now owns 916,364 shares of the financial services provider’s stock valued at $11,033,000 after buying an additional 248,417 shares during the last quarter. Redmile Group LLC boosted its stake in shares of eHealth by 19.4% in the first quarter. Redmile Group LLC now owns 1,191,334 shares of the financial services provider’s stock valued at $14,344,000 after buying an additional 193,713 shares during the last quarter. Lyon Street Capital LLC bought a new stake in shares of eHealth during the second quarter valued at approximately $2,991,000. EAM Investors LLC bought a new stake in shares of eHealth during the second quarter valued at approximately $1,689,000. Finally, Renaissance Technologies LLC boosted its stake in shares of eHealth by 11.3% in the first quarter. Renaissance Technologies LLC now owns 878,900 shares of the financial services provider’s stock valued at $10,582,000 after buying an additional 89,400 shares during the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.
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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