Q2 2023 Earnings Forecast for HealthEquity, Inc. Issued By SVB Leerink (NASDAQ:HQY)

HealthEquity, Inc. (NASDAQ:HQY) – Stock analysts at SVB Leerink upped their Q2 2023 earnings per share estimates for HealthEquity in a research note issued on Monday, January 10th. SVB Leerink analyst S. Davis now expects that the company will post earnings of $0.18 per share for the quarter, up from their prior estimate of $0.17. SVB Leerink also issued estimates for HealthEquity’s Q3 2023 earnings at $0.29 EPS, FY2023 earnings at $0.83 EPS and FY2024 earnings at $0.89 EPS.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group assumed coverage on HealthEquity in a research report on Wednesday, December 1st. They set a “buy” rating and a $68.00 price objective on the stock. TheStreet downgraded HealthEquity from a “c” rating to a “d+” rating in a research report on Tuesday, December 7th. Barrington Research lowered their price target on HealthEquity from $80.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, December 7th. JPMorgan Chase & Co. lowered their price target on HealthEquity from $82.00 to $56.00 and set an “overweight” rating for the company in a report on Tuesday, December 21st. Finally, Royal Bank of Canada lowered their price target on HealthEquity from $87.00 to $70.00 and set an “outperform” rating for the company in a report on Tuesday, December 7th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $74.00.

Shares of HQY stock opened at $49.94 on Thursday. HealthEquity has a 1-year low of $36.81 and a 1-year high of $93.32. The stock’s 50-day moving average is $52.04 and its 200 day moving average is $63.01. The company has a market cap of $4.18 billion, a P/E ratio of -713.33, a PEG ratio of 3.65 and a beta of 1.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 7.14 and a quick ratio of 7.14.

HealthEquity (NASDAQ:HQY) last issued its quarterly earnings data on Monday, December 6th. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. HealthEquity had a positive return on equity of 4.60% and a negative net margin of 0.82%. The company had revenue of $180.00 million for the quarter, compared to the consensus estimate of $185.44 million. During the same quarter last year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was up .3% compared to the same quarter last year.

In other news, Director Stuart B. Parker acquired 25,000 shares of HealthEquity stock in a transaction dated Thursday, December 9th. The stock was purchased at an average cost of $42.82 per share, for a total transaction of $1,070,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Adrian T. Dillon acquired 12,375 shares of HealthEquity stock in a transaction dated Tuesday, December 14th. The stock was purchased at an average price of $40.47 per share, with a total value of $500,816.25. The disclosure for this purchase can be found here. Company insiders own 2.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Exchange Traded Concepts LLC purchased a new position in HealthEquity during the third quarter valued at approximately $43,000. Dark Forest Capital Management LP purchased a new position in HealthEquity during the third quarter valued at approximately $95,000. Canada Pension Plan Investment Board purchased a new position in HealthEquity during the second quarter valued at approximately $147,000. Harbor Investment Advisory LLC raised its position in HealthEquity by 219.2% during the third quarter. Harbor Investment Advisory LLC now owns 1,915 shares of the company’s stock valued at $124,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Stephens Inc. AR raised its position in HealthEquity by 11.2% during the second quarter. Stephens Inc. AR now owns 2,200 shares of the company’s stock valued at $177,000 after acquiring an additional 222 shares in the last quarter. Institutional investors own 95.88% of the company’s stock.

HealthEquity Company Profile

HealthEquity, Inc provides range of solutions for managing health care accounts. The firm’s offers its solutions for employers, health plans, brokers, consultants and financial advisors. Its services include HAS, FSA, HRA, DCRA, 401(k), Commuter, COBRA and HIA. It also offers products like healthcare saving and spending platform, health savings accounts, investment advisory services, reimbursement arrangements, and healthcare incentives.

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Earnings History and Estimates for HealthEquity (NASDAQ:HQY)

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