Wall Street brokerages forecast that Endurance International Group Holdings Inc (NASDAQ:EIGI) will post earnings of ($0.02) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Endurance International Group’s earnings, with estimates ranging from ($0.03) to ($0.01). Endurance International Group posted earnings per share of ($0.01) in the same quarter last year, which would suggest a negative year over year growth rate of 100%. The firm is scheduled to issue its next earnings results on Thursday, July 25th.
According to Zacks, analysts expect that Endurance International Group will report full-year earnings of ($0.05) per share for the current fiscal year, with EPS estimates ranging from ($0.10) to $0.03. For the next year, analysts anticipate that the business will post earnings of $0.00 per share, with EPS estimates ranging from ($0.03) to $0.03. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Endurance International Group.
Endurance International Group (NASDAQ:EIGI) last issued its earnings results on Tuesday, April 30th. The software maker reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business had revenue of $280.70 million for the quarter, compared to analyst estimates of $283.41 million. Endurance International Group had a return on equity of 0.60% and a net margin of 0.09%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the company posted ($0.02) EPS.
In other Endurance International Group news, major shareholder Opportunistic Value Fun Okumus bought 403,123 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were acquired at an average cost of $5.08 per share, with a total value of $2,047,864.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Okumus Fund Management Ltd. bought 148,521 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average cost of $5.06 per share, for a total transaction of $751,516.26. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 1,077,022 shares of company stock worth $5,468,534 and sold 182,903 shares worth $1,184,132. Company insiders own 50.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in EIGI. Norges Bank purchased a new stake in shares of Endurance International Group during the fourth quarter worth about $8,058,000. First Trust Advisors LP increased its position in shares of Endurance International Group by 15.7% during the first quarter. First Trust Advisors LP now owns 6,975,711 shares of the software maker’s stock worth $50,574,000 after acquiring an additional 945,487 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Endurance International Group by 18.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,039,710 shares of the software maker’s stock worth $13,564,000 after acquiring an additional 315,401 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Endurance International Group by 1,795.2% during the third quarter. JPMorgan Chase & Co. now owns 270,186 shares of the software maker’s stock worth $2,378,000 after acquiring an additional 255,930 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Endurance International Group by 51.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 646,937 shares of the software maker’s stock worth $4,303,000 after acquiring an additional 220,325 shares during the last quarter. 90.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of EIGI opened at $4.95 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 10.32. The stock has a market cap of $779.43 million, a price-to-earnings ratio of 165.00 and a beta of 1.26. The business has a fifty day moving average price of $4.79. Endurance International Group has a twelve month low of $4.22 and a twelve month high of $10.95.
About Endurance International Group
Endurance International Group Holdings, Inc, together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses in the United States and internationally. The company operates in three segments: Web Presence, Domain, and Email Marketing. It offers Web hosting services, including entry-level shared hosting, and virtual private server and dedicated hosting solutions; Website building tools that enable subscribers to create a Web presence; domain registration, management, and resale services; malware protection solutions to protect subscribers' Websites from viruses, malicious code, and other threats; and backup control solutions that enable subscribers to schedule, maintain, manage, and restore backups of their online data and Websites.
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