Equities analysts expect eHealth, Inc. (NASDAQ:EHTH) to announce ($0.44) earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for eHealth’s earnings, with the highest EPS estimate coming in at ($0.39) and the lowest estimate coming in at ($0.49). eHealth reported earnings per share of ($0.98) in the same quarter last year, which indicates a positive year over year growth rate of 55.1%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, October 25th.
According to Zacks, analysts expect that eHealth will report full-year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.80. For the next fiscal year, analysts expect that the company will report earnings of $1.32 per share, with EPS estimates ranging from $0.95 to $1.77. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover eHealth.
eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, July 26th. The financial services provider reported ($0.40) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.05. The firm had revenue of $32.66 million for the quarter, compared to the consensus estimate of $34.11 million. eHealth had a negative net margin of 41.39% and a negative return on equity of 30.53%.
Several research analysts recently commented on the stock. ValuEngine upgraded shares of eHealth from a “hold” rating to a “buy” rating in a report on Friday, July 6th. BidaskClub upgraded shares of eHealth from a “buy” rating to a “strong-buy” rating in a report on Friday, July 6th. Cantor Fitzgerald lifted their target price on shares of eHealth to $39.00 and gave the stock an “overweight” rating in a report on Monday, October 8th. Finally, Zacks Investment Research upgraded shares of eHealth from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $28.71.
EHTH traded up $0.27 during trading on Friday, hitting $27.99. The stock had a trading volume of 119,292 shares, compared to its average volume of 149,256. The company has a market capitalization of $541.91 million, a PE ratio of -21.87 and a beta of 1.35. eHealth has a 12 month low of $13.61 and a 12 month high of $32.96.
In other news, Director Jack L. Oliver III sold 30,750 shares of eHealth stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $24.82, for a total transaction of $763,215.00. Following the sale, the director now directly owns 38,637 shares in the company, valued at approximately $958,970.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ellen O. Tauscher sold 31,857 shares of eHealth stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $23.16, for a total transaction of $737,808.12. The disclosure for this sale can be found here. Company insiders own 4.14% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of eHealth by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 125,608 shares of the financial services provider’s stock valued at $1,797,000 after acquiring an additional 2,981 shares in the last quarter. Legal & General Group Plc boosted its position in shares of eHealth by 10.0% during the 2nd quarter. Legal & General Group Plc now owns 33,006 shares of the financial services provider’s stock valued at $726,000 after acquiring an additional 3,014 shares in the last quarter. Cowen Prime Services LLC boosted its position in shares of eHealth by 0.8% during the 2nd quarter. Cowen Prime Services LLC now owns 531,550 shares of the financial services provider’s stock valued at $11,747,000 after acquiring an additional 4,200 shares in the last quarter. SG Americas Securities LLC acquired a new position in eHealth in the second quarter valued at about $139,000. Finally, Rhumbline Advisers boosted its position in eHealth by 17.7% in the second quarter. Rhumbline Advisers now owns 43,631 shares of the financial services provider’s stock valued at $964,000 after buying an additional 6,557 shares in the last quarter. Institutional investors and hedge funds own 90.20% of the company’s stock.
eHealth Company Profile
eHealth, Inc provides private online health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.
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