Brokerages Expect eHealth, Inc. (NASDAQ:EHTH) to Post $2.19 Earnings Per Share

Brokerages expect eHealth, Inc. (NASDAQ:EHTH) to post $2.19 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for eHealth’s earnings. The lowest EPS estimate is $1.98 and the highest is $2.55. eHealth posted earnings of $1.61 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 36%. The company is expected to announce its next earnings results on Thursday, February 20th.

On average, analysts expect that eHealth will report full-year earnings of $2.20 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.55. For the next year, analysts forecast that the company will report earnings of $2.55 per share, with EPS estimates ranging from $1.95 to $3.30. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for eHealth.

eHealth (NASDAQ:EHTH) last posted its earnings results on Thursday, October 24th. The financial services provider reported ($0.43) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.63) by $0.20. The company had revenue of $69.80 million during the quarter, compared to the consensus estimate of $55.74 million. eHealth had a net margin of 1.22% and a return on equity of 4.69%. The firm’s quarterly revenue was up 71.1% compared to the same quarter last year.

Several research firms recently commented on EHTH. Zacks Investment Research cut shares of eHealth from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 30th. SunTrust Banks reaffirmed a “buy” rating and set a $200.00 target price on shares of eHealth in a research report on Friday. Raymond James set a $90.00 target price on eHealth and gave the company a “buy” rating in a research report on Friday, October 25th. Cantor Fitzgerald set a $120.00 price target on eHealth and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada set a $111.00 price objective on eHealth and gave the stock a “buy” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $122.45.

EHTH stock opened at $96.81 on Wednesday. The company has a quick ratio of 2.06, a current ratio of 2.07 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 153.67 and a beta of 1.16. eHealth has a 12 month low of $44.54 and a 12 month high of $112.22. The firm has a 50 day moving average of $93.90 and a two-hundred day moving average of $85.04.

In related news, insider Robert S. Hurley sold 1,500 shares of eHealth stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $92.26, for a total transaction of $138,390.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 5.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Sylebra Capital Ltd purchased a new position in shares of eHealth in the third quarter worth $32,592,000. Eagle Asset Management Inc. purchased a new stake in eHealth in the third quarter valued at approximately $32,441,000. Carillon Tower Advisers Inc. purchased a new stake in eHealth in the third quarter valued at approximately $27,230,000. Waddell & Reed Financial Inc. purchased a new stake in eHealth in the second quarter valued at approximately $30,838,000. Finally, Invesco Ltd. raised its position in eHealth by 130.9% in the second quarter. Invesco Ltd. now owns 411,530 shares of the financial services provider’s stock valued at $35,432,000 after purchasing an additional 233,335 shares during the period.

eHealth Company Profile

eHealth, Inc provides private 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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