Oppenheimer Holdings Weighs in on Teladoc, Inc.’s Q4 2018 Earnings (TDOC)
Teladoc, Inc. (NYSE:TDOC) – Research analysts at Oppenheimer Holdings raised their Q4 2018 EPS estimates for shares of Teladoc in a research report issued on Tuesday. Oppenheimer Holdings analyst M. Naidu now expects that the health services provider will post earnings per share of ($0.15) for the quarter, up from their prior forecast of ($0.16). Oppenheimer Holdings has a “Outperform” rating and a $45.00 price target on the stock. Oppenheimer Holdings also issued estimates for Teladoc’s Q1 2019 earnings at ($0.20) EPS, Q2 2019 earnings at ($0.19) EPS, Q3 2019 earnings at ($0.14) EPS and FY2019 earnings at ($0.58) EPS.
Teladoc (NYSE:TDOC) last released its quarterly earnings results on Wednesday, November 1st. The health services provider reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.25). The firm had revenue of $68.70 million for the quarter, compared to analyst estimates of $67.53 million. Teladoc had a negative return on equity of 21.59% and a negative net margin of 39.61%. The company’s quarterly revenue was up 112.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.33) EPS.
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Teladoc (NYSE TDOC) traded up $0.40 during trading hours on Thursday, hitting $34.00. The stock had a trading volume of 1,039,700 shares, compared to its average volume of 933,844. The company has a debt-to-equity ratio of 0.83, a current ratio of 5.08 and a quick ratio of 5.08. Teladoc has a fifty-two week low of $15.65 and a fifty-two week high of $37.55.
Several hedge funds have recently bought and sold shares of the stock. FMR LLC raised its position in shares of Teladoc by 1.3% during the 2nd quarter. FMR LLC now owns 8,209,737 shares of the health services provider’s stock valued at $284,879,000 after acquiring an additional 106,500 shares in the last quarter. BlackRock Inc. raised its position in shares of Teladoc by 42.9% during the 2nd quarter. BlackRock Inc. now owns 3,844,402 shares of the health services provider’s stock valued at $133,400,000 after acquiring an additional 1,154,852 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Teladoc by 24.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,313,729 shares of the health services provider’s stock valued at $108,193,000 after acquiring an additional 650,129 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Teladoc by 11.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,041,725 shares of the health services provider’s stock valued at $105,547,000 after acquiring an additional 314,646 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Teladoc by 22.2% during the 2nd quarter. Alliancebernstein L.P. now owns 2,793,590 shares of the health services provider’s stock valued at $96,938,000 after acquiring an additional 507,390 shares in the last quarter.
In related news, CEO Jason N. Gorevic sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $32.10, for a total transaction of $642,000.00. Following the sale, the chief executive officer now directly owns 838,261 shares of the company’s stock, valued at approximately $26,908,178.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Mark Hirschhorn sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $31.93, for a total value of $798,250.00. Following the sale, the vice president now directly owns 64,987 shares in the company, valued at $2,075,034.91. The disclosure for this sale can be found here. Insiders have sold a total of 135,000 shares of company stock worth $4,408,700 over the last three months. 4.47% of the stock is currently owned by corporate insiders.
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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