Equities research analysts expect that Healthequity Inc (NASDAQ:HQY) will post sales of $58.51 million for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Healthequity’s earnings. The highest sales estimate is $59.30 million and the lowest is $57.38 million. Healthequity reported sales of $46.81 million in the same quarter last year, which indicates a positive year-over-year growth rate of 25%. The company is scheduled to issue its next quarterly earnings results on Tuesday, March 20th.
According to Zacks, analysts expect that Healthequity will report full-year sales of $58.51 million for the current year, with estimates ranging from $226.46 million to $228.40 million. For the next year, analysts forecast that the business will report sales of $278.89 million per share, with estimates ranging from $272.92 million to $283.90 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Healthequity.
Healthequity (NASDAQ:HQY) last announced its earnings results on Tuesday, December 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. Healthequity had a net margin of 21.08% and a return on equity of 14.47%. The company had revenue of $56.80 million during the quarter, compared to analyst estimates of $55.27 million. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s quarterly revenue was up 31.0% compared to the same quarter last year.
In other news, Director Frank Medici sold 419,504 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $52.97, for a total transaction of $22,221,126.88. Following the completion of the transaction, the director now directly owns 6,381 shares of the company’s stock, valued at $338,001.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Berkley Capital, Llc sold 13,600 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $51.02, for a total transaction of $693,872.00. Following the transaction, the insider now directly owns 6,381 shares of the company’s stock, valued at $325,558.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,106,934 shares of company stock valued at $57,943,828. Company insiders own 29.00% of the company’s stock.
Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in Healthequity by 4.3% in the second quarter. BlackRock Inc. now owns 5,831,014 shares of the company’s stock worth $290,559,000 after buying an additional 241,061 shares in the last quarter. Vanguard Group Inc. raised its stake in Healthequity by 3.0% in the second quarter. Vanguard Group Inc. now owns 4,237,298 shares of the company’s stock worth $211,145,000 after buying an additional 122,061 shares in the last quarter. Wasatch Advisors Inc. raised its stake in Healthequity by 2.2% in the second quarter. Wasatch Advisors Inc. now owns 2,442,180 shares of the company’s stock worth $121,694,000 after buying an additional 52,885 shares in the last quarter. FMR LLC raised its stake in Healthequity by 45.6% in the second quarter. FMR LLC now owns 2,235,150 shares of the company’s stock worth $111,378,000 after buying an additional 699,728 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Healthequity by 627.9% in the second quarter. Janus Henderson Group PLC now owns 2,113,030 shares of the company’s stock worth $105,292,000 after buying an additional 1,822,732 shares in the last quarter. 98.25% of the stock is owned by hedge funds and other institutional investors.
Shares of Healthequity (NASDAQ:HQY) traded down $0.19 during trading hours on Friday, reaching $48.21. 448,073 shares of the company traded hands, compared to its average volume of 595,347. Healthequity has a one year low of $37.62 and a one year high of $55.31. The stock has a market capitalization of $2,930.00, a price-to-earnings ratio of 65.15, a PEG ratio of 1.99 and a beta of 1.74.
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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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