Zacks: Analysts Anticipate Endurance International Group Holdings, Inc. (NASDAQ:EIGI) Will Announce Earnings of -$0.16 Per Share

Brokerages expect Endurance International Group Holdings, Inc. (NASDAQ:EIGI) to report earnings of ($0.16) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Endurance International Group Holdings’ earnings. Endurance International Group Holdings reported earnings of ($0.24) per share during the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The company is scheduled to report its next earnings results on Tuesday, November 7th.

On average, analysts expect that Endurance International Group Holdings will report full-year earnings of ($0.74) per share for the current fiscal year, with EPS estimates ranging from ($0.75) to ($0.72). For the next year, analysts forecast that the company will post earnings of $0.25 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Endurance International Group Holdings.

Endurance International Group Holdings (NASDAQ:EIGI) last announced its quarterly earnings results on Tuesday, August 1st. The software maker reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by $0.11. Endurance International Group Holdings had a negative net margin of 11.12% and a negative return on equity of 95.25%. The business had revenue of $292.26 million during the quarter, compared to analysts’ expectations of $289.40 million. During the same quarter in the prior year, the firm earned ($0.21) EPS. Endurance International Group Holdings’s revenue for the quarter was up .5% on a year-over-year basis.

EIGI has been the subject of a number of recent analyst reports. Cantor Fitzgerald restated a “hold” rating on shares of Endurance International Group Holdings in a research report on Monday, June 26th. Zacks Investment Research upgraded shares of Endurance International Group Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Jefferies Group LLC restated a “buy” rating and issued a $10.50 price objective on shares of Endurance International Group Holdings in a research report on Monday, April 24th. ValuEngine upgraded shares of Endurance International Group Holdings from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 11th. Finally, BidaskClub upgraded shares of Endurance International Group Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Endurance International Group Holdings currently has an average rating of “Hold” and a consensus price target of $8.83.

In other news, insider Katherine J. Andreasen sold 20,000 shares of Endurance International Group Holdings stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $8.00, for a total transaction of $160,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Orlando sold 17,732 shares of Endurance International Group Holdings stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $7.90, for a total transaction of $140,082.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,545 shares of company stock valued at $378,396. Insiders own 58.20% of the company’s stock.

Several large investors have recently bought and sold shares of EIGI. Vanguard Group Inc. boosted its position in shares of Endurance International Group Holdings by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,041,355 shares of the software maker’s stock worth $39,575,000 after buying an additional 49,395 shares during the period. First Trust Advisors LP boosted its position in shares of Endurance International Group Holdings by 17.6% in the first quarter. First Trust Advisors LP now owns 3,425,754 shares of the software maker’s stock worth $26,892,000 after buying an additional 512,528 shares during the period. State Street Corp boosted its position in shares of Endurance International Group Holdings by 6.8% in the fourth quarter. State Street Corp now owns 1,060,111 shares of the software maker’s stock worth $9,860,000 after buying an additional 67,489 shares during the period. Norges Bank acquired a new position in shares of Endurance International Group Holdings during the fourth quarter worth $8,722,000. Finally, Morgan Stanley boosted its position in shares of Endurance International Group Holdings by 25.7% in the first quarter. Morgan Stanley now owns 806,858 shares of the software maker’s stock worth $6,333,000 after buying an additional 164,827 shares during the period. Institutional investors own 85.22% of the company’s stock.

Endurance International Group Holdings (EIGI) opened at 8.20 on Friday. The company has a 50 day moving average price of $8.65 and a 200 day moving average price of $8.08. Endurance International Group Holdings has a 52 week low of $6.20 and a 52 week high of $9.85. The stock’s market cap is $1.17 billion.

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Endurance International Group Holdings Company Profile

Endurance International Group Holdings, Inc (Endurance) is a provider of cloud-based platform solutions designed to help small and medium-sized businesses (SMBs) succeed online. The Company operates through two segments: Web Presence and Email Marketing. The Company’s Web presence segment consists of Web hosting, domains and the related products and services.

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