Brokerages expect eHealth, Inc. (NASDAQ:EHTH) to post sales of $37.50 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for eHealth’s earnings. The lowest sales estimate is $36.50 million and the highest is $38.80 million. eHealth reported sales of $43.76 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 14.3%. The firm is scheduled to announce its next earnings results on Monday, February 26th.
According to Zacks, 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 year, analysts expect that the company will post sales of $192.11 million per share, with estimates ranging from $176.96 million to $219.50 million. Zacks’ sales calculations are an average based on a survey of research firms that cover eHealth.
eHealth (NASDAQ:EHTH) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.25). eHealth had a negative net margin of 11.94% and a negative return on equity of 21.88%. The firm had revenue of $26.62 million for the quarter, compared to analyst estimates of $25.55 million. During the same period last year, the company earned ($0.23) EPS. The company’s revenue was down 17.0% compared to the same quarter last year.
Several equities analysts have weighed in on EHTH shares. BidaskClub raised eHealth from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Cantor Fitzgerald reissued a “buy” rating and issued a $20.00 target price on shares of eHealth in a research note on Thursday, July 27th. Zacks Investment Research raised eHealth from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, July 12th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $22.00 target price on shares of eHealth in a research note on Friday, October 20th. Finally, TheStreet raised eHealth from a “d+” rating to a “c” rating in a research note on Monday, October 16th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. eHealth currently has an average rating of “Hold” and a consensus target price of $23.17.
eHealth (EHTH) traded down $0.40 during trading hours on Thursday, reaching $27.50. The company’s stock had a trading volume of 140,576 shares, compared to its average volume of 144,883. eHealth has a 1 year low of $7.50 and a 1 year high of $28.59.
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Institutional investors have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in shares of eHealth by 131.4% in the first quarter. Bank of America Corp DE now owns 25,728 shares of the financial services provider’s stock worth $310,000 after acquiring an additional 14,610 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of eHealth by 5.9% in the first quarter. Vanguard Group Inc. now owns 932,496 shares of the financial services provider’s stock worth $11,227,000 after acquiring an additional 52,357 shares in the last quarter. Texas Permanent School Fund increased its holdings in shares of eHealth by 1.3% in the second quarter. Texas Permanent School Fund now owns 12,245 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 160 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of eHealth by 11.3% in the first quarter. Renaissance Technologies LLC now owns 878,900 shares of the financial services provider’s stock worth $10,582,000 after acquiring an additional 89,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of eHealth by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 645,432 shares of the financial services provider’s stock worth $7,771,000 after acquiring an additional 56,767 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.
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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