Wall Street analysts expect that eHealth, Inc. (NASDAQ:EHTH) will announce sales of $38.55 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for eHealth’s earnings, with estimates ranging from $35.66 million to $41.04 million. eHealth posted sales of $78.94 million in the same quarter last year, which suggests a negative year over year growth rate of 51.2%. The firm is scheduled to issue its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that eHealth will report full year sales of $38.55 million for the current financial year, with estimates ranging from $217.00 million to $222.29 million. For the next fiscal year, analysts expect that the firm will post sales of $255.78 million per share, with estimates ranging from $239.80 million to $265.21 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for eHealth.
eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, March 1st. The financial services provider reported ($0.93) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.21) by $0.28. eHealth had a negative return on equity of 27.04% and a negative net margin of 14.74%. The firm had revenue of $38.84 million for the quarter, compared to analyst estimates of $39.50 million.
A number of brokerages have recently issued reports on EHTH. Zacks Investment Research upgraded eHealth from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, March 20th. Cantor Fitzgerald reiterated a “buy” rating and set a $20.00 target price on shares of eHealth in a research report on Tuesday, March 6th. BidaskClub upgraded eHealth from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 8th. Finally, ValuEngine upgraded eHealth from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $23.67.
Shares of NASDAQ:EHTH traded up $0.16 during midday trading on Friday, reaching $15.52. 63,250 shares of the company’s stock traded hands, compared to its average volume of 150,256. eHealth has a 1 year low of $10.60 and a 1 year high of $28.59. The firm has a market capitalization of $290.13, a price-to-earnings ratio of -12.22 and a beta of 1.70.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in eHealth by 3.8% in the 4th quarter. BlackRock Inc. now owns 2,117,944 shares of the financial services provider’s stock valued at $36,790,000 after purchasing an additional 77,966 shares in the last quarter. Redmile Group LLC lifted its holdings in eHealth by 16.5% in the 4th quarter. Redmile Group LLC now owns 1,558,914 shares of the financial services provider’s stock valued at $27,078,000 after purchasing an additional 221,291 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in eHealth by 3.6% in the 4th quarter. Renaissance Technologies LLC now owns 909,600 shares of the financial services provider’s stock valued at $15,800,000 after purchasing an additional 31,300 shares in the last quarter. Eversept Partners LLC purchased a new position in eHealth in the 4th quarter valued at $5,707,000. Finally, Pier Capital LLC purchased a new position in eHealth in the 4th quarter valued at $3,569,000. Institutional investors own 91.19% of the company’s stock.
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eHealth Company Profile
eHealth, Inc provides private online 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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