Brokerages Expect eHealth, Inc. (NASDAQ:EHTH) Will Announce Quarterly Sales of $37.17 Million

Analysts expect eHealth, Inc. (NASDAQ:EHTH) to announce sales of $37.17 million for the current quarter, according to Zacks. Three analysts have provided estimates for eHealth’s earnings, with estimates ranging from $35.16 million to $39.22 million. eHealth reported sales of $32.66 million in the same quarter last year, which indicates a positive year-over-year growth rate of 13.8%. The company is scheduled to report its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that eHealth will report full-year sales of $328.29 million for the current fiscal year, with estimates ranging from $325.44 million to $331.19 million. For the next financial year, analysts anticipate that the company will report sales of $403.18 million, with estimates ranging from $386.22 million to $414.89 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow eHealth.

eHealth (NASDAQ:EHTH) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.49. eHealth had a positive return on equity of 5.82% and a negative net margin of 0.03%. The firm had revenue of $68.80 million for the quarter, compared to the consensus estimate of $51.61 million. During the same quarter last year, the business posted ($0.07) EPS. The company’s revenue for the quarter was up 59.6% on a year-over-year basis.

A number of analysts recently issued reports on the company. BidaskClub raised eHealth from a “hold” rating to a “buy” rating in a research report on Monday. SunTrust Banks lifted their target price on eHealth to $120.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Cantor Fitzgerald lifted their target price on eHealth from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. Zacks Investment Research raised eHealth from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Monday, April 29th. Finally, TheStreet downgraded eHealth from a “b” rating to a “c” rating in a research report on Thursday, April 25th. Nine research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $86.57.

In other eHealth news, CEO Scott N. Flanders sold 34,005 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $60.95, for a total transaction of $2,072,604.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert S. Hurley sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $70.34, for a total value of $105,510.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,255 shares of company stock worth $3,355,545. 4.14% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC boosted its holdings in shares of eHealth by 1,540.3% during the first quarter. FMR LLC now owns 1,644,434 shares of the financial services provider’s stock worth $102,514,000 after acquiring an additional 1,544,184 shares during the period. Emerald Advisers LLC bought a new stake in shares of eHealth during the first quarter worth approximately $23,504,000. Toronado Partners LLC bought a new stake in shares of eHealth during the fourth quarter worth approximately $13,597,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of eHealth during the first quarter worth approximately $21,763,000. Finally, Prospect Capital Advisors LLC bought a new stake in shares of eHealth during the fourth quarter worth approximately $9,826,000. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:EHTH opened at $78.55 on Wednesday. The firm has a 50-day moving average of $69.33. The firm has a market capitalization of $1.78 billion, a P/E ratio of 124.68 and a beta of 1.11. eHealth has a 52-week low of $21.30 and a 52-week high of $85.65.

About eHealth

eHealth, Inc provides private 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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