Wall Street brokerages predict that eHealth, Inc. (NASDAQ:EHTH) will post earnings per share (EPS) of $1.83 for the current quarter, according to Zacks. Three analysts have provided estimates for eHealth’s earnings. The lowest EPS estimate is $1.72 and the highest is $1.96. eHealth reported earnings of ($0.93) per share in the same quarter last year, which would indicate a positive year over year growth rate of 296.8%. The company is scheduled to announce its next quarterly earnings results on Thursday, March 7th.
On average, analysts expect that eHealth will report full-year earnings of $1.15 per share for the current financial year, with EPS estimates ranging from $1.01 to $1.28. For the next year, analysts expect that the business will post earnings of $1.47 per share, with EPS estimates ranging from $1.23 to $1.91. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for eHealth.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings data on Thursday, October 25th. The financial services provider reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.14. eHealth had a negative net margin of 30.13% and a negative return on equity of 17.79%. The company had revenue of $40.75 million for the quarter, compared to analysts’ expectations of $34.10 million.
Several analysts recently weighed in on the stock. BidaskClub raised shares of eHealth from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 16th. ValuEngine lowered shares of eHealth from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research upgraded shares of eHealth from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Cantor Fitzgerald boosted their target price on shares of eHealth to $39.00 and gave the company an “overweight” rating in a report on Monday, October 8th. Finally, Chardan Capital started coverage on shares of eHealth in a report on Thursday, August 16th. They issued a “buy” rating and a $40.00 target price on the stock. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $36.25.
Hedge funds have recently added to or reduced their stakes in the stock. NJ State Employees Deferred Compensation Plan lifted its holdings in eHealth by 34.8% in the third quarter. NJ State Employees Deferred Compensation Plan now owns 31,000 shares of the financial services provider’s stock valued at $876,000 after buying an additional 8,000 shares during the period. Principal Financial Group Inc. raised its holdings in shares of eHealth by 2.4% during the first quarter. Principal Financial Group Inc. now owns 125,608 shares of the financial services provider’s stock valued at $1,797,000 after purchasing an additional 2,981 shares during the period. Redmile Group LLC raised its holdings in shares of eHealth by 3.6% during the second quarter. Redmile Group LLC now owns 1,377,895 shares of the financial services provider’s stock valued at $30,451,000 after purchasing an additional 47,400 shares during the period. Victory Capital Management Inc. acquired a new position in shares of eHealth during the second quarter valued at about $343,000. Finally, GSA Capital Partners LLP acquired a new position in shares of eHealth during the second quarter valued at about $906,000. Institutional investors and hedge funds own 93.89% of the company’s stock.
Shares of eHealth stock traded up $0.19 during trading on Thursday, hitting $37.26. The company’s stock had a trading volume of 215,666 shares, compared to its average volume of 171,600. eHealth has a 52 week low of $13.61 and a 52 week high of $38.35. The stock has a market cap of $659.63 million, a price-to-earnings ratio of -29.11 and a beta of 0.68.
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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