Healthequity (HQY) Posts Earnings Results, Beats Expectations By $0.04 EPS
Healthequity (NASDAQ:HQY) announced its earnings results on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04, Briefing.com reports. The business had revenue of $56.80 million during the quarter, compared to analysts’ expectations of $55.27 million. Healthequity had a net margin of 20.27% and a return on equity of 13.93%. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS.
Shares of Healthequity (HQY) traded down $0.37 during trading hours on Tuesday, reaching $48.49. 516,436 shares of the company’s stock were exchanged, compared to its average volume of 522,736. Healthequity has a 12-month low of $37.62 and a 12-month high of $55.31. The company has a market cap of $2,950.00, a price-to-earnings ratio of 81.68, a P/E/G ratio of 2.26 and a beta of 1.74.
In other Healthequity news, Director Frank Medici sold 700 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $51.05, for a total transaction of $35,735.00. Following the sale, the director now owns 6,381 shares of the company’s stock, valued at approximately $325,750.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Berkley Capital, Llc sold 373,500 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $53.21, for a total transaction of $19,873,935.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,743,212 shares of company stock worth $91,090,651. Insiders own 19.00% of the company’s stock.
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Healthequity Company Profile
HealthEquity, Inc provides a range of solutions for managing healthcare accounts (Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans, insurance companies and third-party administrators. The Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions.
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