SunTrust Banks Equities Analysts Cut Earnings Estimates for Endurance International Group Holdings, Inc. (EIGI)

Endurance International Group Holdings, Inc. (NASDAQ:EIGI) – Stock analysts at SunTrust Banks decreased their FY2017 earnings estimates for Endurance International Group Holdings in a report released on Tuesday. SunTrust Banks analyst N. Khan now forecasts that the software maker will earn ($0.99) per share for the year, down from their prior estimate of ($0.96). SunTrust Banks has a “Hold” rating and a $8.00 price objective on the stock. SunTrust Banks also issued estimates for Endurance International Group Holdings’ FY2018 earnings at ($0.49) EPS, FY2019 earnings at ($0.26) EPS and FY2020 earnings at ($0.02) EPS.

Endurance International Group Holdings (NASDAQ:EIGI) last issued its earnings results on Tuesday, October 31st. The software maker reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.13). The business had revenue of $295.20 million during the quarter, compared to analyst estimates of $290.45 million. Endurance International Group Holdings had a negative net margin of 12.74% and a negative return on equity of 145.17%. Endurance International Group Holdings’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.24) earnings per share.

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Several other equities research analysts have also commented on EIGI. Jefferies Group LLC boosted their price objective on shares of Endurance International Group Holdings from $5.00 to $6.00 and gave the stock an “underperform” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Endurance International Group Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, BidaskClub lowered shares of Endurance International Group Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Endurance International Group Holdings currently has a consensus rating of “Sell” and a consensus target price of $7.70.

Several hedge funds and other institutional investors have recently bought and sold shares of EIGI. Cutler Group LP increased its stake in shares of Endurance International Group Holdings by 586.7% during the 2nd quarter. Cutler Group LP now owns 14,517 shares of the software maker’s stock valued at $121,000 after acquiring an additional 17,500 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Endurance International Group Holdings during the 1st quarter valued at about $146,000. Cubist Systematic Strategies LLC increased its stake in shares of Endurance International Group Holdings by 37.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 18,791 shares of the software maker’s stock valued at $157,000 after acquiring an additional 5,111 shares during the last quarter. KCG Holdings Inc. acquired a new position in shares of Endurance International Group Holdings during the 1st quarter valued at about $163,000. Finally, Wolverine Trading LLC increased its stake in shares of Endurance International Group Holdings by 650.3% during the 2nd quarter. Wolverine Trading LLC now owns 20,814 shares of the software maker’s stock valued at $178,000 after acquiring an additional 18,040 shares during the last quarter. 86.53% of the stock is owned by institutional investors.

In related news, insider John Orlando sold 8,531 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $7.85, for a total value of $66,968.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Marc Montagner sold 6,877 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $7.55, for a total transaction of $51,921.35. The disclosure for this sale can be found here. Insiders sold a total of 28,482 shares of company stock valued at $219,939 in the last three months. 58.20% of the stock is currently owned by corporate insiders.

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.

Earnings History and Estimates for Endurance International Group Holdings (NASDAQ:EIGI)

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