Equities research analysts expect eHealth, Inc. (NASDAQ:EHTH) to report earnings of ($0.57) per share for the current quarter, according to Zacks. Six analysts have made estimates for eHealth’s earnings, with the lowest EPS estimate coming in at ($0.75) and the highest estimate coming in at ($0.31). eHealth posted earnings per share of ($0.43) during the same quarter last year, which indicates a negative year-over-year growth rate of 32.6%. The business is expected to issue its next quarterly earnings results on Thursday, October 22nd.
On average, analysts expect that eHealth will report full-year earnings of $4.15 per share for the current year, with EPS estimates ranging from $4.00 to $4.37. For the next financial year, analysts expect that the company will report earnings of $5.41 per share, with EPS estimates ranging from $5.08 to $6.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for eHealth.
eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.22. eHealth had a return on equity of 12.68% and a net margin of 13.74%. The business had revenue of $88.77 million for the quarter, compared to analyst estimates of $83.34 million.
A number of analysts have recently issued reports on the company. Deutsche Bank lifted their target price on eHealth from $138.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Royal Bank of Canada boosted their price objective on eHealth from $127.00 to $166.00 and gave the company an “outperform” rating in a report on Friday, July 24th. SVB Leerink boosted their price objective on eHealth from $108.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, July 24th. Evercore ISI began coverage on eHealth in a report on Monday, June 15th. They issued a “buy” rating and a $150.00 price objective for the company. Finally, Zacks Investment Research raised eHealth from a “hold” rating to a “strong-buy” rating and set a $83.00 price objective for the company in a report on Friday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $143.67.
Shares of NASDAQ EHTH traded down $2.50 during midday trading on Monday, reaching $63.90. 1,051,900 shares of the company’s stock were exchanged, compared to its average volume of 1,131,555. eHealth has a 52-week low of $52.71 and a 52-week high of $152.19. The stock has a market capitalization of $1.65 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 1.06 and a beta of -0.29. The business’s fifty day moving average price is $79.05 and its two-hundred day moving average price is $108.02.
In other news, CRO Timothy C. Hannan sold 5,178 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $110.24, for a total transaction of $570,822.72. Following the completion of the transaction, the executive now directly owns 52,577 shares of the company’s stock, valued at $5,796,088.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Derek N. Yung sold 6,088 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $107.12, for a total value of $652,146.56. Following the transaction, the chief financial officer now directly owns 48,346 shares of the company’s stock, valued at $5,178,823.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 52,950 shares of company stock valued at $3,793,496 and have sold 16,444 shares valued at $1,740,769. 5.50% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of eHealth by 2.3% during the second quarter. Principal Financial Group Inc. now owns 195,594 shares of the financial services provider’s stock worth $19,215,000 after buying an additional 4,437 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of eHealth by 25.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 7,392 shares of the financial services provider’s stock worth $726,000 after buying an additional 1,492 shares during the period. Neuberger Berman Group LLC boosted its position in shares of eHealth by 84.4% during the second quarter. Neuberger Berman Group LLC now owns 25,868 shares of the financial services provider’s stock worth $2,559,000 after buying an additional 11,842 shares during the period. Handelsbanken Fonder AB boosted its position in shares of eHealth by 26.0% during the second quarter. Handelsbanken Fonder AB now owns 94,500 shares of the financial services provider’s stock worth $9,284,000 after buying an additional 19,500 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in shares of eHealth by 12.0% during the second quarter. Nuveen Asset Management LLC now owns 144,850 shares of the financial services provider’s stock worth $14,230,000 after buying an additional 15,507 shares during the period.
eHealth, Inc provides private health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.
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