Wall Street analysts expect eHealth, Inc. (NASDAQ:EHTH) to post $34.10 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for eHealth’s earnings, with the highest sales estimate coming in at $34.85 million and the lowest estimate coming in at $33.35 million. eHealth reported sales of $26.62 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 28.1%. The firm is scheduled to issue its next quarterly earnings report on Thursday, October 25th.
On average, analysts expect that eHealth will report full year sales of $221.64 million for the current year, with estimates ranging from $220.38 million to $222.70 million. For the next financial year, analysts forecast that the company will post sales of $261.49 million, with estimates ranging from $258.90 million to $264.59 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover eHealth.
eHealth (NASDAQ:EHTH) last posted its quarterly earnings data on Thursday, July 26th. The financial services provider reported ($0.40) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.05. The firm had revenue of $32.66 million for the quarter, compared to analysts’ expectations of $34.11 million. eHealth had a negative return on equity of 30.53% and a negative net margin of 41.39%.
Several research analysts have weighed in on EHTH shares. BidaskClub upgraded eHealth from a “hold” rating to a “buy” rating in a research report on Tuesday, June 5th. ValuEngine upgraded eHealth from a “hold” rating to a “buy” rating in a research report on Friday, July 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $26.00 price objective on shares of eHealth in a research report on Friday, July 27th. Zacks Investment Research cut eHealth from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Finally, Chardan Capital initiated coverage on eHealth in a research report on Thursday, August 16th. They issued a “buy” rating and a $40.00 price target on the stock. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $26.86.
In related news, Director Ellen O. Tauscher sold 31,857 shares of the firm’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $23.16, for a total value of $737,808.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jack L. Oliver III sold 30,750 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $24.82, for a total value of $763,215.00. Following the completion of the transaction, the director now owns 38,637 shares in the company, valued at approximately $958,970.34. The disclosure for this sale can be found here. 4.14% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in shares of eHealth in the second quarter worth $139,000. KBC Group NV bought a new position in eHealth in the first quarter valued at about $115,000. Landscape Capital Management L.L.C. bought a new position in eHealth in the first quarter valued at about $216,000. Victory Capital Management Inc. bought a new position in eHealth in the second quarter valued at about $343,000. Finally, A.R.T. Advisors LLC bought a new position in eHealth in the first quarter valued at about $275,000. Institutional investors own 90.20% of the company’s stock.
EHTH stock opened at $28.26 on Friday. The firm has a market cap of $542.10 million, a price-to-earnings ratio of -21.80 and a beta of 1.39. eHealth has a fifty-two week low of $13.61 and a fifty-two week high of $32.96.
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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