Brokerages Expect eHealth, Inc. (EHTH) Will Announce Quarterly Sales of $37.50 Million
Equities analysts expect that eHealth, Inc. (NASDAQ:EHTH) will post $37.50 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for eHealth’s earnings. The lowest sales estimate is $36.50 million and the highest is $38.80 million. eHealth posted sales of $43.76 million during the same quarter last year, which suggests a negative year-over-year growth rate of 14.3%. The business is expected to report its next earnings results on Monday, February 26th.
On average, analysts expect that eHealth will report full-year sales of $37.50 million for the current year, with estimates ranging from $170.01 million to $172.30 million. For the next financial year, analysts forecast that the business will report sales of $192.11 million per share, with estimates ranging from $176.96 million to $219.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow eHealth.
eHealth (NASDAQ:EHTH) last posted its earnings results on Thursday, October 26th. The financial services provider reported ($0.98) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.25). eHealth had a negative return on equity of 21.88% and a negative net margin of 11.94%. The company had revenue of $26.62 million during the quarter, compared to analysts’ expectations of $25.55 million. During the same period in the prior year, the business posted ($0.23) earnings per share. The company’s revenue for the quarter was down 17.0% on a year-over-year basis.
Several equities research analysts have recently commented on EHTH shares. Zacks Investment Research raised shares of eHealth from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $18.00 target price on shares of eHealth in a research report on Friday, July 14th. BidaskClub raised shares of eHealth from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $20.00 target price on shares of eHealth in a research report on Thursday, July 27th. Finally, TheStreet cut shares of eHealth from a “c” rating to a “d+” rating in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $23.17.
Several institutional investors have recently modified their holdings of EHTH. BNP Paribas Arbitrage SA increased its stake in shares of eHealth by 92.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,611 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 3,650 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of eHealth by 58.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,290 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 2,330 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of eHealth by 11.1% in the 1st quarter. OppenheimerFunds Inc. now owns 12,891 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 1,289 shares in the last quarter. Thrivent Financial For Lutherans bought a new position in shares of eHealth in the 2nd quarter worth about $190,000. Finally, Hancock Holding Co. bought a new position in shares of eHealth in the 2nd quarter worth about $198,000. Institutional investors own 89.86% of the company’s stock.
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eHealth (NASDAQ:EHTH) traded down $0.47 during trading hours on Thursday, hitting $25.16. 80,815 shares of the stock traded hands, compared to its average volume of 144,624. eHealth has a 12-month low of $8.07 and a 12-month high of $28.59.
eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.
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