Teladoc, Inc. (TDOC) Scheduled to Post Quarterly Earnings on Wednesday
Teladoc, Inc. (NYSE:TDOC) will be announcing its earnings results after the market closes on Wednesday, October 25th. Analysts expect the company to announce earnings of ($0.30) per share for the quarter. Teladoc has set its Q3 guidance at ($0.58)-($0.56) EPS and its FY17 guidance at ($1.55)-($1.52) EPS.
Teladoc (NYSE:TDOC) last posted its quarterly earnings data on Wednesday, August 2nd. The health services provider reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.02). The company had revenue of $44.60 million during the quarter, compared to the consensus estimate of $44.39 million. Teladoc had a negative net margin of 47.75% and a negative return on equity of 19.88%. The company’s revenue was up 68.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.38) earnings per share. On average, analysts expect Teladoc to post $-1.46 EPS for the current fiscal year and $-1.17 EPS for the next fiscal year.
Teladoc, Inc. (NYSE TDOC) opened at 34.00 on Wednesday. Teladoc, Inc. has a 12-month low of $14.00 and a 12-month high of $37.55. The company’s market capitalization is $1.93 billion. The stock has a 50 day moving average of $33.22 and a 200 day moving average of $33.22.
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In other news, VP Mark Hirschhorn sold 25,000 shares of Teladoc stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $31.93, for a total transaction of $798,250.00. Following the completion of the sale, the vice president now owns 64,987 shares in the company, valued at approximately $2,075,034.91. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam C. Vandervoort sold 53,806 shares of Teladoc stock in a transaction that occurred on Monday, August 7th. The stock was 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 108,806 shares of company stock valued at $3,471,732. 4.47% of the stock is owned by corporate insiders.
Several research firms have weighed in on TDOC. KeyCorp restated a “buy” rating and issued a $37.00 price objective on shares of Teladoc in a research report on Sunday, September 17th. Robert W. Baird cut shares of Teladoc from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $14.00 to $36.00 in a research report on Monday, September 18th. Chardan Capital raised their price objective on shares of Teladoc from $30.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, June 20th. William Blair restated an “outperform” rating on shares of Teladoc in a research report on Tuesday, June 20th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $42.00 price target (up previously from $34.00) on shares of Teladoc in a research report on Tuesday, June 20th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Teladoc presently has a consensus rating of “Buy” and a consensus price target of $38.00.
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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