Equities research analysts expect that eHealth, Inc. (NASDAQ:EHTH) will announce $111.54 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for eHealth’s earnings, with estimates ranging from $110.50 million to $112.76 million. eHealth posted sales of $38.84 million during the same quarter last year, which suggests a positive year-over-year growth rate of 187.2%. The business is scheduled to issue its next quarterly earnings results on Thursday, March 7th.
According to Zacks, analysts expect that eHealth will report full-year sales of $226.97 million for the current financial year, with estimates ranging from $223.80 million to $229.24 million. For the next fiscal year, analysts expect that the business will report sales of $265.46 million, with estimates ranging from $259.80 million to $271.80 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for eHealth.
eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.14. The business had revenue of $40.75 million during the quarter, compared to analyst estimates of $34.10 million. eHealth had a negative net margin of 30.13% and a negative return on equity of 17.79%.
EHTH has been the subject of a number of analyst reports. Cantor Fitzgerald reissued a “buy” rating and issued a $39.00 price objective on shares of eHealth in a research report on Thursday, October 25th. ValuEngine raised shares of eHealth from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. Zacks Investment Research raised shares of eHealth from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. BidaskClub lowered shares of eHealth from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 6th. Finally, Chardan Capital initiated coverage on shares of eHealth in a report on Thursday, August 16th. They issued a “buy” rating and a $40.00 target price for the company. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $36.25.
A number of institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its holdings in eHealth by 4.9% in the third quarter. Legal & General Group Plc now owns 34,630 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 1,624 shares during the period. Teachers Advisors LLC grew its holdings in eHealth by 9.0% in the third quarter. Teachers Advisors LLC now owns 35,791 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 2,965 shares during the period. MetLife Investment Advisors LLC grew its holdings in eHealth by 55.3% in the third quarter. MetLife Investment Advisors LLC now owns 12,405 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 4,418 shares during the period. Point72 Asset Management L.P. purchased a new stake in eHealth in the third quarter valued at approximately $5,805,000. Finally, Redmile Group LLC grew its holdings in eHealth by 6.9% in the third quarter. Redmile Group LLC now owns 1,472,595 shares of the financial services provider’s stock valued at $41,616,000 after purchasing an additional 94,700 shares during the period. Hedge funds and other institutional investors own 94.57% of the company’s stock.
Shares of NASDAQ:EHTH traded up $0.53 during trading on Friday, reaching $38.53. The stock had a trading volume of 332,400 shares, compared to its average volume of 175,214. The firm has a market cap of $737.45 million, a PE ratio of -30.10 and a beta of 0.69. eHealth has a fifty-two week low of $13.61 and a fifty-two week high of $40.71.
eHealth, Inc provides private online 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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