Analysts Expect eHealth, Inc. (EHTH) to Announce -$0.30 Earnings Per Share

Wall Street analysts expect eHealth, Inc. (NASDAQ:EHTH) to post earnings per share of ($0.30) for the current quarter, according to Zacks. Three analysts have issued estimates for eHealth’s earnings, with the highest EPS estimate coming in at ($0.26) and the lowest estimate coming in at ($0.34). eHealth posted earnings of ($0.78) per share in the same quarter last year, which suggests a positive year over year growth rate of 61.5%. The firm is expected to announce its next earnings report on Thursday, July 26th.

According to Zacks, analysts expect that eHealth will report full-year earnings of $0.83 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.92. For the next financial year, analysts expect that the company will post earnings of $1.37 per share, with EPS estimates ranging from $0.95 to $1.78. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow eHealth.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Thursday, April 26th. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.34. eHealth had a negative return on equity of 45.84% and a negative net margin of 46.66%. The business had revenue of $43.07 million during the quarter, compared to the consensus estimate of $38.55 million.

EHTH has been the subject of several research reports. ValuEngine downgraded eHealth from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. Zacks Investment Research raised eHealth from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. BidaskClub downgraded eHealth from a “hold” rating to a “sell” rating in a report on Wednesday, May 16th. TheStreet raised eHealth from a “d” rating to a “c-” rating in a report on Thursday, April 26th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $20.00 price target on shares of eHealth in a report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $24.00.

In other eHealth news, SVP Jay Walter Jennings sold 5,300 shares of the stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $18.73, for a total transaction of $99,269.00. Following the transaction, the senior vice president now owns 53,322 shares in the company, valued at approximately $998,721.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.14% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of EHTH. Schwab Charles Investment Management Inc. increased its position in eHealth by 21.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 69,548 shares of the financial services provider’s stock worth $1,209,000 after buying an additional 12,366 shares during the period. Wells Fargo & Company MN increased its position in shares of eHealth by 18.4% in the fourth quarter. Wells Fargo & Company MN now owns 30,907 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 4,804 shares during the period. Arizona State Retirement System increased its position in shares of eHealth by 224.9% in the fourth quarter. Arizona State Retirement System now owns 27,544 shares of the financial services provider’s stock worth $478,000 after purchasing an additional 19,067 shares during the period. Rhumbline Advisers increased its position in shares of eHealth by 17.6% in the fourth quarter. Rhumbline Advisers now owns 36,405 shares of the financial services provider’s stock worth $632,000 after purchasing an additional 5,445 shares during the period. Finally, BlackRock Inc. increased its position in shares of eHealth by 3.8% in the fourth quarter. BlackRock Inc. now owns 2,117,944 shares of the financial services provider’s stock worth $36,790,000 after purchasing an additional 77,966 shares during the period. Hedge funds and other institutional investors own 88.15% of the company’s stock.

eHealth traded down $0.08, hitting $22.86, during mid-day trading on Thursday, MarketBeat Ratings reports. 87,784 shares of the company’s stock traded hands, compared to its average volume of 138,322. eHealth has a fifty-two week low of $13.61 and a fifty-two week high of $28.59. The company has a market capitalization of $426.39 million, a price-to-earnings ratio of -17.84 and a beta of 1.62.

About eHealth

eHealth, Inc provides private online 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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Earnings History and Estimates for eHealth (NASDAQ:EHTH)

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