Teladoc, Inc. (TDOC) Issues Quarterly Earnings Results
Teladoc, Inc. (NYSE:TDOC) announced its quarterly earnings data on Wednesday. The health services provider reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.25), Briefing.com reports. The firm had revenue of $68.70 million for the quarter, compared to analysts’ expectations of $67.53 million. Teladoc had a negative net margin of 47.75% and a negative return on equity of 19.88%. The business’s quarterly revenue was up 112.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.33) EPS.
Several equities analysts have commented on the company. Robert W. Baird lowered Teladoc from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $14.00 to $36.00 in a research report on Monday, September 18th. KeyCorp reissued a “buy” rating and set a $37.00 price objective on shares of Teladoc in a research report on Sunday, September 17th. Zacks Investment Research lowered Teladoc from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Piper Jaffray Companies reissued a “buy” rating and set a $32.00 price objective on shares of Teladoc in a research report on Friday, July 14th. Finally, BidaskClub lowered Teladoc from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $38.00.
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In related news, insider Adam C. Vandervoort sold 53,806 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $30.92, for a total transaction of $1,663,681.52. Following the completion of the sale, the insider now directly owns 33,008 shares in the company, valued at approximately $1,020,607.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mark Hirschhorn sold 10,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $34.04, for a total value of $340,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 168,806 shares of company stock valued at $5,430,382 over the last 90 days. 4.47% of the stock is currently owned by company insiders.
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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