Equities analysts expect Health Insurance Innovations Inc (NASDAQ:HIIQ) to post earnings per share (EPS) of $0.31 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Health Insurance Innovations’ earnings. The lowest EPS estimate is $0.31 and the highest is $0.32. Health Insurance Innovations posted earnings of $0.61 per share during the same quarter last year, which indicates a negative year over year growth rate of 49.2%. The firm is scheduled to announce its next quarterly earnings report on Monday, November 4th.
On average, analysts expect that Health Insurance Innovations will report full-year earnings of $4.16 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.28. For the next financial year, analysts anticipate that the business will report earnings of $4.77 per share, with EPS estimates ranging from $4.50 to $5.02. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Health Insurance Innovations.
Health Insurance Innovations (NASDAQ:HIIQ) last posted its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.46. The company had revenue of $58.36 million for the quarter, compared to analyst estimates of $76.76 million. Health Insurance Innovations had a net margin of 3.44% and a return on equity of 29.83%. The business’s quarterly revenue was down 18.7% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS.
Several analysts have recently weighed in on the stock. TheStreet lowered shares of Health Insurance Innovations from a “b-” rating to a “c” rating in a research report on Tuesday, May 7th. Northland Securities reiterated a “buy” rating and set a $60.00 target price on shares of Health Insurance Innovations in a research report on Tuesday, May 7th. Lake Street Capital decreased their target price on shares of Health Insurance Innovations from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. ValuEngine lowered shares of Health Insurance Innovations from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Finally, Craig Hallum decreased their target price on shares of Health Insurance Innovations from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Health Insurance Innovations has a consensus rating of “Buy” and a consensus price target of $51.13.
In other news, major shareholder Michael W. Kosloske sold 52,526 shares of the stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $25.29, for a total value of $1,328,382.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Michael W. Kosloske sold 105,401 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $26.08, for a total transaction of $2,748,858.08. Following the completion of the transaction, the insider now directly owns 69,720 shares in the company, valued at $1,818,297.60. The disclosure for this sale can be found here. Insiders have sold 327,691 shares of company stock worth $8,504,415 over the last ninety days. Insiders own 47.88% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. CenterStar Asset Management LLC bought a new position in Health Insurance Innovations during the 2nd quarter worth approximately $27,000. Aperio Group LLC bought a new position in Health Insurance Innovations during the 2nd quarter worth approximately $29,000. BNP Paribas Arbitrage SA raised its holdings in Health Insurance Innovations by 8,309.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,691 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 2,659 shares during the last quarter. Macquarie Group Ltd. raised its holdings in Health Insurance Innovations by 196.3% during the 4th quarter. Macquarie Group Ltd. now owns 3,556 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 2,356 shares during the last quarter. Finally, OLD Second National Bank of Aurora raised its holdings in Health Insurance Innovations by 44.9% during the 2nd quarter. OLD Second National Bank of Aurora now owns 3,741 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 1,159 shares during the last quarter.
NASDAQ HIIQ traded down $0.41 during midday trading on Monday, hitting $17.13. The company had a trading volume of 953,600 shares, compared to its average volume of 861,608. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.45. The stock has a market cap of $250.32 million, a price-to-earnings ratio of 9.31 and a beta of 1.30. The firm has a fifty day simple moving average of $22.49 and a two-hundred day simple moving average of $28.05. Health Insurance Innovations has a fifty-two week low of $16.25 and a fifty-two week high of $63.13.
About Health Insurance Innovations
Health Insurance Innovations, Inc operates as a cloud-based technology platform and distributor of individual and family health insurance plans, and supplemental products in the United States. It offers short-term medical plans that provide 3 months to 12 months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer fixed cash benefits and additional benefits for procedures and services; and supplemental insurance products, including life insurance policies, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and pharmacy benefit cards.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Health Insurance Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Health Insurance Innovations and related companies with MarketBeat.com's FREE daily email newsletter.