Wall Street brokerages expect Evolent Health (NYSE:EVH) to post sales of $140.96 million for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Evolent Health’s earnings. The lowest sales estimate is $140.21 million and the highest is $141.68 million. Evolent Health posted sales of $106.77 million in the same quarter last year, which would indicate a positive year over year growth rate of 32%. The firm is expected to announce its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that Evolent Health will report full year sales of $578.44 million for the current financial year, with estimates ranging from $575.20 million to $584.11 million. For the next fiscal year, analysts forecast that the company will post sales of $670.85 million per share, with estimates ranging from $653.97 million to $716.22 million. Zacks’ sales averages are an average based on a survey of analysts that follow Evolent Health.
Evolent Health (NYSE:EVH) last posted its quarterly earnings results on Tuesday, February 27th. The technology company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). The firm had revenue of $113.97 million for the quarter, compared to the consensus estimate of $111.09 million. Evolent Health had a negative net margin of 14.05% and a negative return on equity of 3.51%.
Shares of EVH stock remained flat at $$15.70 during trading hours on Wednesday. 314,055 shares of the company’s stock traded hands, compared to its average volume of 584,446. The stock has a market capitalization of $1,215.76, a P/E ratio of -22.43 and a beta of 1.07. Evolent Health has a 52-week low of $10.30 and a 52-week high of $27.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.85 and a quick ratio of 2.85.
In related news, Director Unitedhealth Group Inc sold 3,040,000 shares of Evolent Health stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $13.70, for a total value of $41,648,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 8.79% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of EVH. Nationwide Fund Advisors increased its stake in shares of Evolent Health by 14.1% in the third quarter. Nationwide Fund Advisors now owns 105,375 shares of the technology company’s stock worth $1,876,000 after buying an additional 13,057 shares during the period. Rhumbline Advisers increased its position in Evolent Health by 18.1% during the 3rd quarter. Rhumbline Advisers now owns 54,474 shares of the technology company’s stock valued at $970,000 after purchasing an additional 8,351 shares during the period. Bank of New York Mellon Corp increased its position in Evolent Health by 155.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 565,410 shares of the technology company’s stock valued at $10,065,000 after purchasing an additional 344,113 shares during the period. SG Americas Securities LLC purchased a new position in Evolent Health during the 3rd quarter valued at $156,000. Finally, American International Group Inc. increased its position in Evolent Health by 45.9% during the 3rd quarter. American International Group Inc. now owns 34,931 shares of the technology company’s stock valued at $622,000 after purchasing an additional 10,995 shares during the period.
About Evolent Health
Evolent Health, Inc, through its subsidiary, Evolent Health LLC, provides health care delivery and payment solutions in the United States. The company operates as a managed services firm that supports health systems and physician organizations in migration toward value-based care and population health management.
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