Castlight Health (CSLT) Scheduled to Post Earnings on Thursday

Castlight Health (NYSE:CSLT) is set to release its earnings data after the market closes on Thursday, October 24th. Analysts expect Castlight Health to post earnings of ($0.04) per share for the quarter. Castlight Health has set its FY 2019 guidance at $-0.09–0.06 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Castlight Health (NYSE:CSLT) last announced its quarterly earnings data on Tuesday, July 30th. The software maker reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The company had revenue of $35.90 million during the quarter, compared to the consensus estimate of $36.95 million. Castlight Health had a negative net margin of 19.68% and a negative return on equity of 9.28%. Castlight Health’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.10) EPS. On average, analysts expect Castlight Health to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NYSE CSLT opened at $1.49 on Tuesday. The stock has a market capitalization of $212.07 million, a price-to-earnings ratio of -9.31 and a beta of 1.54. The business has a 50-day moving average of $1.44 and a 200-day moving average of $2.56. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.88 and a quick ratio of 1.88. Castlight Health has a fifty-two week low of $1.21 and a fifty-two week high of $4.15.

In other news, EVP Maeve O’meara sold 28,171 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1.41, for a total transaction of $39,721.11. Following the completion of the sale, the executive vice president now owns 322,775 shares in the company, valued at $455,112.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Mangini Siobhan Nolan sold 21,617 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1.41, for a total value of $30,479.97. Following the sale, the chief financial officer now owns 281,610 shares of the company’s stock, valued at approximately $397,070.10. The disclosure for this sale can be found here. Insiders have sold 60,858 shares of company stock valued at $86,311 in the last quarter. 17.37% of the stock is currently owned by corporate insiders.

A number of equities analysts recently commented on CSLT shares. TheStreet cut Castlight Health from a “c-” rating to a “d+” rating in a report on Monday, August 19th. Zacks Investment Research upgraded Castlight Health from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. Cantor Fitzgerald cut Castlight Health from an “overweight” rating to a “neutral” rating in a report on Tuesday, July 30th. Finally, ValuEngine upgraded Castlight Health from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $4.50.

Castlight Health Company Profile

Castlight Health, Inc provides a software-as-a-service platform used for health benefits navigation for employees in the United States. Its platform matches employees to the resources their employers make available to them; managing a condition; and assists them to manage their benefits. The company also offers implementation, user and customer support, and marketplace services.

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Earnings History for Castlight Health (NYSE:CSLT)

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