Evolent Health Inc Forecasted to Post Q3 2018 Earnings of ($0.01) Per Share (EVH)

Evolent Health Inc (NYSE:EVH) – Investment analysts at William Blair issued their Q3 2018 earnings per share estimates for shares of Evolent Health in a research report issued to clients and investors on Wednesday. William Blair analyst R. Daniels forecasts that the technology company will post earnings per share of ($0.01) for the quarter. William Blair also issued estimates for Evolent Health’s Q4 2018 earnings at $0.01 EPS.

Evolent Health (NYSE:EVH) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.04. Evolent Health had a negative net margin of 15.86% and a negative return on equity of 5.05%. The company had revenue of $107.90 million during the quarter, compared to analyst estimates of $104.49 million. During the same period in the prior year, the firm earned ($0.26) earnings per share. The firm’s revenue for the quarter was up 79.2% compared to the same quarter last year.

Other analysts have also issued reports about the stock. Citigroup began coverage on shares of Evolent Health in a research note on Thursday. They issued a “buy” rating for the company. SunTrust Banks reissued a “buy” rating and set a $30.00 price target on shares of Evolent Health in a research report on Wednesday, September 20th. Robert W. Baird reissued a “buy” rating and set a $25.00 price target on shares of Evolent Health in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of Evolent Health from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $30.00 price target on shares of Evolent Health in a research report on Sunday, December 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $28.00.

Evolent Health (NYSE:EVH) traded down $0.15 during trading hours on Friday, reaching $13.25. 892,400 shares of the company were exchanged, compared to its average volume of 1,240,567. Evolent Health has a 52 week low of $10.30 and a 52 week high of $27.50. The stock has a market capitalization of $1,020.00 and a price-to-earnings ratio of -11.62. The company has a current ratio of 3.34, a quick ratio of 3.34 and a debt-to-equity ratio of 0.11.

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Evolent Health by 7.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,438,126 shares of the technology company’s stock valued at $137,857,000 after purchasing an additional 379,185 shares during the last quarter. Stifel Financial Corp acquired a new position in Evolent Health in the 2nd quarter worth approximately $425,000. Kornitzer Capital Management Inc. KS acquired a new position in Evolent Health in the 3rd quarter worth approximately $14,258,000. Edmond DE Rothschild Holding S.A. increased its holdings in Evolent Health by 6.9% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 387,000 shares of the technology company’s stock worth $9,810,000 after buying an additional 25,000 shares during the period. Finally, Alyeska Investment Group L.P. increased its holdings in Evolent Health by 393.1% in the 3rd quarter. Alyeska Investment Group L.P. now owns 250,000 shares of the technology company’s stock worth $4,450,000 after buying an additional 199,300 shares during the period. 95.38% of the stock is owned by hedge funds and other institutional investors.

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Evolent Health Company Profile

Evolent Health, Inc is engaged in healthcare delivery and payment. The Company supports health systems and physician organizations in their migration toward value-based care and population health management. The Company provides an end-to-end, technology-enabled services platform for providers. The Company’s platform, powered by its technology, processes and integrated services, enables providers to migrate their economic orientation from fee-for-service (FFS) reimbursement to payment models that reward value-based payment models.

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