FY2017 EPS Estimates for Teladoc Inc (TDOC) Decreased by Analyst
Teladoc Inc (NYSE:TDOC) – Stock analysts at SunTrust Banks reduced their FY2017 earnings per share (EPS) estimates for shares of Teladoc in a research report issued on Monday. SunTrust Banks analyst S. Draper now expects that the health services provider will earn ($1.83) per share for the year, down from their prior forecast of ($1.65). SunTrust Banks currently has a “Buy” rating and a $40.00 target price on the stock. SunTrust Banks also issued estimates for Teladoc’s Q4 2017 earnings at ($0.67) EPS, FY2018 earnings at ($1.47) EPS and FY2019 earnings at ($0.81) EPS.
TDOC has been the subject of several other research reports. Oppenheimer increased their price target on Teladoc from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, November 21st. Zacks Investment Research cut Teladoc from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. BidaskClub cut Teladoc from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Deutsche Bank started coverage on Teladoc in a report on Friday, December 8th. They issued a “buy” rating and a $39.00 price target for the company. Finally, Citigroup started coverage on Teladoc in a report on Thursday, January 4th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Teladoc presently has a consensus rating of “Buy” and an average price target of $39.31.
Teladoc (NYSE:TDOC) last announced its earnings results on Wednesday, November 1st. The health services provider reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.25). Teladoc had a negative net margin of 45.64% and a negative return on equity of 29.70%. The firm had revenue of $68.70 million for the quarter, compared to analyst estimates of $67.53 million. During the same period in the previous year, the company earned ($0.33) EPS. Teladoc’s revenue was up 112.0% compared to the same quarter last year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ETF Managers Group LLC purchased a new position in shares of Teladoc during the second quarter worth $104,000. Pacad Investment Ltd. purchased a new position in Teladoc in the second quarter valued at $135,000. Fred Alger Management Inc. purchased a new position in Teladoc in the second quarter valued at $139,000. Ameritas Investment Partners Inc. boosted its holdings in Teladoc by 134.2% in the second quarter. Ameritas Investment Partners Inc. now owns 4,724 shares of the health services provider’s stock valued at $164,000 after purchasing an additional 2,707 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in Teladoc in the second quarter valued at $166,000.
In other news, CEO Jason N. Gorevic sold 100,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $32.99, for a total transaction of $3,299,000.00. Following the completion of the transaction, the chief executive officer now directly owns 718,261 shares in the company, valued at $23,695,430.39. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Mark Hirschhorn sold 35,000 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $32.84, for a total value of $1,149,400.00. Following the transaction, the vice president now owns 20,887 shares of the company’s stock, valued at $685,929.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 210,000 shares of company stock valued at $6,889,350. Company insiders own 4.47% of the company’s stock.
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Teladoc Company Profile
Teladoc, Inc is a telehealth company. The Company offers telehealth platform, delivering on-demand healthcare anytime, anywhere, through mobile devices, the Internet, video and phone. The Company’s solution connects its Members, with its over 3,000 board certified physicians and behavioral health professionals treating a range of conditions and cases from acute diagnoses, such as upper respiratory infection, urinary tract infection and sinusitis to dermatological conditions, anxiety and smoking cessation.
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