WebMD Health Corp (WBMD) Updates FY17 Earnings Guidance
WebMD Health Corp (NASDAQ:WBMD) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $1.97-2.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.03. The company issued revenue guidance of $710-730 million, compared to the consensus revenue estimate of $742.90 million.
Several research firms recently commented on WBMD. Zacks Investment Research lowered WebMD Health Corp from a hold rating to a sell rating in a research note on Tuesday. Citigroup Inc. upgraded WebMD Health Corp from a neutral rating to a buy rating and set a $65.00 target price for the company in a research note on Monday, January 30th. They noted that the move was a valuation call. Raymond James Financial, Inc. lowered WebMD Health Corp from a strong-buy rating to an outperform rating and set a $60.00 target price for the company. in a research note on Monday, December 12th. Pacific Crest reiterated a buy rating and issued a $72.00 target price on shares of WebMD Health Corp in a research note on Sunday, December 4th. Finally, Mizuho lowered WebMD Health Corp from a buy rating to a neutral rating and dropped their target price for the company from $63.00 to $52.00 in a research note on Wednesday, November 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. WebMD Health Corp currently has an average rating of Buy and a consensus target price of $66.04.
Shares of WebMD Health Corp (NASDAQ:WBMD) opened at 51.51 on Friday. WebMD Health Corp has a 52 week low of $48.10 and a 52 week high of $67.55. The firm’s 50-day moving average price is $50.37 and its 200 day moving average price is $51.74. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 28.78 and a beta of 0.54.
WebMD Health Corp (NASDAQ:WBMD) last released its quarterly earnings data on Thursday, February 16th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.06. The business earned $207.47 million during the quarter, compared to analyst estimates of $206.99 million. WebMD Health Corp had a return on equity of 35.64% and a net margin of 11.97%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS. On average, analysts anticipate that WebMD Health Corp will post $1.90 EPS for the current year.
In other news, Chairman Martin J. Wygod sold 95,000 shares of the firm’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $53.37, for a total transaction of $5,070,150.00. Following the completion of the sale, the chairman now directly owns 143,334 shares of the company’s stock, valued at approximately $7,649,735.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kristiina Md Vuori sold 1,561 shares of the firm’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $53.01, for a total value of $82,748.61. Following the sale, the director now directly owns 2,190 shares of the company’s stock, valued at $116,091.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 388,416 shares of company stock valued at $20,812,305. Corporate insiders own 8.10% of the company’s stock.
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About WebMD Health Corp
WebMD Health Corp. is a provider of health information services. The Company provides its services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, mobile platforms and health-focused publications. The WebMD Health Network includes: www.WebMD.com, its primary public portal for consumers and related mobile-optimized sites and mobile apps; www.Medscape.com, its primary public portal for physicians and other healthcare professionals and related mobile services; and other sites through which, the Company provides its branded health and wellness content, tools and services.
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