Analysts Expect Teladoc, Inc. (TDOC) Will Announce Earnings of -$0.52 Per Share
Brokerages expect that Teladoc, Inc. (NYSE:TDOC) will report ($0.52) earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for Teladoc’s earnings. The lowest EPS estimate is ($0.57) and the highest is ($0.19). Teladoc reported earnings per share of ($0.33) in the same quarter last year, which would suggest a negative year-over-year growth rate of 57.6%. The firm is expected to announce its next earnings report on Thursday, October 26th.
On average, analysts expect that Teladoc will report full-year earnings of ($1.46) per share for the current fiscal year, with EPS estimates ranging from ($1.63) to ($0.85). For the next year, analysts forecast that the firm will report earnings of ($1.11) per share, with EPS estimates ranging from ($1.72) to ($0.66). Zacks’ earnings per share averages are an average based on a survey of analysts that cover Teladoc.
Teladoc (NYSE:TDOC) last posted its earnings results on Wednesday, August 2nd. The health services provider reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.02. The firm had revenue of $44.60 million for the quarter, compared to the consensus estimate of $44.39 million. Teladoc had a negative return on equity of 19.88% and a negative net margin of 47.75%. The business’s revenue was up 68.3% on a year-over-year basis. During the same period last year, the company posted ($0.38) EPS.
Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Teladoc from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Piper Jaffray Companies reiterated a “buy” rating and issued a $42.00 price target on shares of Teladoc in a report on Friday, July 28th. Chardan Capital increased their price target on shares of Teladoc from $30.00 to $41.00 and gave the stock a “buy” rating in a report on Tuesday, June 20th. Craig Hallum downgraded shares of Teladoc from a “buy” rating to a “hold” rating and increased their price target for the stock from $28.00 to $32.00 in a report on Friday, May 12th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $27.00 price target on shares of Teladoc in a report on Monday, June 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $35.55.
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Teladoc (NYSE:TDOC) traded down 1.53% during mid-day trading on Monday, reaching $29.05. 260,280 shares of the company were exchanged. The stock has a 50 day moving average of $33.13 and a 200-day moving average of $27.90. The stock’s market capitalization is $1.65 billion. Teladoc has a one year low of $14.00 and a one year high of $36.90.
In other news, insider Adam C. Vandervoort sold 53,806 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $30.92, for a total transaction of $1,663,681.52. Following the sale, the insider now owns 33,008 shares of the company’s stock, valued at approximately $1,020,607.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jason N. Gorevic sold 5,600 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $29.57, for a total transaction of $165,592.00. Following the sale, the chief executive officer now directly owns 823,861 shares in the company, valued at approximately $24,361,569.77. The disclosure for this sale can be found here. Insiders have sold a total of 107,186 shares of company stock worth $3,352,950 in the last ninety days. Corporate insiders own 5.94% of the company’s stock.
Large investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its stake in shares of Teladoc by 134.2% in the second quarter. Ameritas Investment Partners Inc. now owns 4,724 shares of the health services provider’s stock worth $164,000 after buying an additional 2,707 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Teladoc by 101.9% in the second quarter. California State Teachers Retirement System now owns 95,321 shares of the health services provider’s stock worth $3,308,000 after buying an additional 48,112 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Teladoc during the second quarter worth approximately $202,000. The Manufacturers Life Insurance Company boosted its stake in shares of Teladoc by 132.9% in the second quarter. The Manufacturers Life Insurance Company now owns 41,270 shares of the health services provider’s stock worth $1,432,000 after buying an additional 23,553 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Teladoc during the second quarter worth approximately $2,316,000. 94.51% of the stock is currently owned by institutional investors and hedge funds.
Teladoc Company Profile
Teladoc, Inc is a telehealth company. The Company offers telehealth platform, delivering on-demand healthcare anytime, anywhere, through mobile devices, the Internet, video and phone. The Company’s solution connects its Members, with its over 3,000 board certified physicians and behavioral health professionals treating a range of conditions and cases from acute diagnoses, such as upper respiratory infection, urinary tract infection and sinusitis to dermatological conditions, anxiety and smoking cessation.
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