$0.12 EPS Expected for eHealth, Inc. (NASDAQ:EHTH) This Quarter


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Analysts expect that eHealth, Inc. (NASDAQ:EHTH) will post $0.12 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for eHealth’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.24. eHealth posted earnings of $0.39 per share during the same quarter last year, which would indicate a negative year over year growth rate of 69.2%. The company is scheduled to announce its next quarterly earnings results on Thursday, April 22nd.

According to Zacks, analysts expect that eHealth will report full year earnings of $2.81 per share for the current year, with EPS estimates ranging from $2.22 to $3.17. For the next year, analysts anticipate that the company will post earnings of $4.54 per share, with EPS estimates ranging from $2.87 to $5.55. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover eHealth.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Wednesday, February 17th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.26. The business had revenue of $293.32 million for the quarter, compared to the consensus estimate of $292.31 million. eHealth had a net margin of 12.59% and a return on equity of 11.13%.

EHTH has been the topic of several research reports. Royal Bank of Canada downgraded shares of eHealth from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 29th. Credit Suisse Group raised their price objective on shares of eHealth from $63.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $63.00 price objective on shares of eHealth in a research report on Thursday, February 25th. Truist cut their price objective on shares of eHealth from $200.00 to $100.00 in a research report on Monday, February 1st. Finally, Barclays cut their price objective on shares of eHealth from $115.00 to $75.00 and set an “overweight” rating for the company in a research report on Monday, February 1st. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. eHealth presently has a consensus rating of “Buy” and a consensus target price of $108.79.

Shares of NASDAQ:EHTH traded up $2.34 during midday trading on Friday, hitting $73.44. The company’s stock had a trading volume of 5,795 shares, compared to its average volume of 1,331,624. The business’s 50 day simple moving average is $62.74 and its 200 day simple moving average is $70.45. The company has a market cap of $1.90 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 0.81 and a beta of -0.31. eHealth has a 12-month low of $47.84 and a 12-month high of $137.49.

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of eHealth by 1.3% during the fourth quarter. BlackRock Inc. now owns 3,987,273 shares of the financial services provider’s stock valued at $281,541,000 after acquiring an additional 50,127 shares during the last quarter. Ruffer LLP grew its holdings in shares of eHealth by 36.5% in the fourth quarter. Ruffer LLP now owns 1,447,729 shares of the financial services provider’s stock valued at $102,283,000 after purchasing an additional 386,943 shares in the last quarter. Orbimed Advisors LLC grew its holdings in shares of eHealth by 32.2% in the fourth quarter. Orbimed Advisors LLC now owns 844,046 shares of the financial services provider’s stock valued at $59,598,000 after purchasing an additional 205,488 shares in the last quarter. Credit Suisse AG grew its holdings in shares of eHealth by 9.7% in the fourth quarter. Credit Suisse AG now owns 578,112 shares of the financial services provider’s stock valued at $40,821,000 after purchasing an additional 51,228 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its holdings in shares of eHealth by 12.7% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 443,985 shares of the financial services provider’s stock valued at $31,350,000 after purchasing an additional 50,205 shares in the last quarter.

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 ecommerce 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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