Analysts predict that eHealth, Inc. (NASDAQ:EHTH) will post sales of $38.55 million for the current quarter, according to Zacks. Three analysts have issued estimates for eHealth’s earnings, with estimates ranging from $35.66 million to $41.04 million. eHealth reported sales of $78.94 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 51.2%. The company is expected to announce its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that eHealth will report full-year sales of $38.55 million for the current year, with estimates ranging from $217.00 million to $222.29 million. For the next fiscal year, analysts anticipate that the company will report sales of $255.78 million per share, with estimates ranging from $239.80 million to $265.21 million. Zacks’ sales calculations are an average based on a survey of analysts that follow eHealth.
eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, March 1st. The financial services provider reported ($0.93) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.21) by $0.28. The company had revenue of $38.84 million during the quarter, compared to analyst estimates of $39.50 million. eHealth had a negative net margin of 14.74% and a negative return on equity of 27.04%.
EHTH has been the topic of several research reports. Zacks Investment Research raised shares of eHealth from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Tuesday. Cantor Fitzgerald reissued a “buy” rating and set a $20.00 price target on shares of eHealth in a research report on Tuesday, March 6th. Craig Hallum reissued a “buy” rating and set a $28.00 price target on shares of eHealth in a research report on Monday, December 11th. TheStreet cut shares of eHealth from a “c-” rating to a “d” rating in a research report on Wednesday, December 13th. Finally, ValuEngine raised shares of eHealth from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. eHealth currently has a consensus rating of “Hold” and a consensus price target of $23.67.
Several institutional investors and hedge funds have recently modified their holdings of EHTH. MetLife Investment Advisors LLC acquired a new stake in eHealth in the fourth quarter valued at approximately $139,000. Municipal Employees Retirement System of Michigan raised its holdings in eHealth by 58.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,290 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 2,330 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in eHealth by 36.5% in the third quarter. BNP Paribas Arbitrage SA now owns 10,392 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 2,781 shares in the last quarter. Vident Investment Advisory LLC acquired a new stake in eHealth in the third quarter valued at approximately $256,000. Finally, B. Riley Financial Inc. acquired a new stake in eHealth in the fourth quarter valued at approximately $323,000. 92.71% of the stock is currently owned by institutional investors and hedge funds.
eHealth stock opened at $14.97 on Thursday. The firm has a market cap of $290.13, a PE ratio of -11.01 and a beta of 1.69. eHealth has a 12 month low of $10.41 and a 12 month high of $28.59.
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eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.
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