William Blair Analysts Boost Earnings Estimates for eHealth, Inc. (EHTH)

eHealth, Inc. (NASDAQ:EHTH) – Research analysts at William Blair increased their Q1 2018 earnings per share estimates for eHealth in a report issued on Tuesday. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings per share of $1.07 for the quarter, up from their previous forecast of $0.96.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.25). eHealth had a negative net margin of 11.94% and a negative return on equity of 21.88%. The business had revenue of $26.62 million during the quarter, compared to the consensus estimate of $25.55 million. During the same period in the previous year, the business posted ($0.23) EPS. eHealth’s revenue was down 17.0% compared to the same quarter last year.

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Several other equities analysts have also recently weighed in on the stock. Jefferies Group LLC raised their target price on shares of eHealth from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Monday. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $30.00 price target on shares of eHealth in a research note on Friday, October 27th. BidaskClub cut shares of eHealth from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $20.00 price target on shares of eHealth in a research note on Thursday, July 27th. Finally, TheStreet upgraded shares of eHealth from a “d+” rating to a “c” rating in a report on Monday, October 16th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $23.17.

Several large investors have recently bought and sold shares of EHTH. BNP Paribas Arbitrage SA grew its position in shares of eHealth by 92.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,611 shares of the financial services provider’s stock worth $143,000 after buying an additional 3,650 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of eHealth by 11.1% in the 1st quarter. OppenheimerFunds Inc. now owns 12,891 shares of the financial services provider’s stock worth $156,000 after buying an additional 1,289 shares during the last quarter. Thrivent Financial For Lutherans purchased a new position in shares of eHealth in the 2nd quarter worth approximately $190,000. Hancock Holding Co. purchased a new position in shares of eHealth in the 2nd quarter worth approximately $198,000. Finally, Voya Investment Management LLC purchased a new stake in eHealth during the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 90.00% of the company’s stock.

eHealth Company Profile

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.

Earnings History and Estimates for eHealth (NASDAQ:EHTH)

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