Zacks: Brokerages Anticipate WebMD Health Corp (WBMD) Will Announce Earnings of $0.52 Per Share
Wall Street brokerages expect WebMD Health Corp (NASDAQ:WBMD) to announce $0.52 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for WebMD Health Corp’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.57. WebMD Health Corp posted earnings of $0.47 per share during the same quarter last year, which indicates a positive year over year growth rate of 10.6%. The business is scheduled to announce its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that WebMD Health Corp will report full-year earnings of $2.06 per share for the current fiscal year, with EPS estimates ranging from $2.03 to $2.09. For the next year, analysts anticipate that the firm will post earnings of $2.08 per share, with EPS estimates ranging from $1.93 to $2.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow WebMD Health Corp.
Several equities analysts recently weighed in on the company. Zacks Investment Research raised WebMD Health Corp from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Thursday. BidaskClub downgraded WebMD Health Corp from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. KeyCorp downgraded WebMD Health Corp to an “overweight” rating in a research note on Wednesday, August 2nd. Citigroup Inc. downgraded WebMD Health Corp from a “buy” rating to a “neutral” rating and raised their price objective for the company from $62.00 to $66.50 in a research note on Wednesday, July 26th. Finally, Raymond James Financial, Inc. downgraded WebMD Health Corp from an “outperform” rating to a “mkt perform” rating in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $65.25.
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A number of large investors have recently made changes to their positions in WBMD. Blue Harbour Group L.P. grew its holdings in WebMD Health Corp by 87.2% during the 1st quarter. Blue Harbour Group L.P. now owns 3,361,336 shares of the health services provider’s stock valued at $177,075,000 after buying an additional 1,565,422 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in WebMD Health Corp during the 2nd quarter valued at $60,851,000. Koch Industries Inc. grew its holdings in WebMD Health Corp by 11,780.9% during the 2nd quarter. Koch Industries Inc. now owns 866,475 shares of the health services provider’s stock valued at $852,000 after buying an additional 859,182 shares during the last quarter. Farallon Capital Management LLC acquired a new stake in WebMD Health Corp during the 2nd quarter valued at $39,831,000. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in WebMD Health Corp during the 1st quarter valued at $34,201,000. Hedge funds and other institutional investors own 91.10% of the company’s stock.
Shares of WebMD Health Corp (NASDAQ:WBMD) remained flat at $66.44 during mid-day trading on Friday. 253,678 shares of the company were exchanged. The firm has a market capitalization of $2.43 billion, a P/E ratio of 34.02 and a beta of 0.79. The firm has a 50-day moving average price of $66.31 and a 200 day moving average price of $57.68. WebMD Health Corp has a 12-month low of $48.10 and a 12-month high of $66.57.
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 through its Websites, mobile applications and health-focused publications. Advertisers and sponsors use The WebMD Health Network to reach and engage healthcare professionals and consumers who are interested in healthy living, wellness, diseases and conditions, and other health-related topics.
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