eHealth, Inc. (EHTH) Expected to Post Quarterly Sales of $50.70 Million

Brokerages predict that eHealth, Inc. (NASDAQ:EHTH) will report sales of $50.70 million for the current quarter, Zacks reports. Three analysts have made estimates for eHealth’s earnings. The highest sales estimate is $51.16 million and the lowest is $49.80 million. eHealth reported sales of $43.07 million during the same quarter last year, which would suggest a positive year over year growth rate of 17.7%. The company is scheduled to announce its next earnings results on Thursday, April 25th.

On average, analysts expect that eHealth will report full-year sales of $303.27 million for the current fiscal year, with estimates ranging from $300.47 million to $305.04 million. For the next financial year, analysts forecast that the firm will report sales of $360.74 million, with estimates ranging from $355.56 million to $370.89 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover eHealth.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings results on Thursday, February 21st. The financial services provider reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.26). eHealth had a return on equity of 3.81% and a net margin of 0.10%. The company had revenue of $134.92 million during the quarter, compared to analyst estimates of $134.66 million.

A number of analysts have weighed in on the company. BidaskClub raised eHealth from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 5th. Zacks Investment Research raised eHealth from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Friday, January 11th. ValuEngine cut eHealth from a “buy” rating to a “hold” rating in a research report on Thursday, December 6th. SunTrust Banks boosted their price target on eHealth to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Finally, Chardan Capital reaffirmed a “buy” rating and issued a $65.00 price target (up previously from $40.00) on shares of eHealth in a research report on Thursday, January 24th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. eHealth has an average rating of “Buy” and an average target price of $71.71.

In other news, Director Michael Goldberg sold 2,337 shares of eHealth stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $58.00, for a total value of $135,546.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Derek N. Yung acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, February 27th. The stock was acquired at an average price of $55.36 per share, for a total transaction of $110,720.00. Following the completion of the purchase, the chief financial officer now directly owns 45,750 shares of the company’s stock, valued at approximately $2,532,720. The disclosure for this purchase can be found here. Insiders own 4.14% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. bought a new position in shares of eHealth in the fourth quarter worth about $27,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of eHealth in the fourth quarter worth about $42,000. LS Investment Advisors LLC increased its stake in eHealth by 316.8% during the fourth quarter. LS Investment Advisors LLC now owns 1,980 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 1,505 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in eHealth during the fourth quarter valued at about $181,000. Finally, Ibex Investors LLC bought a new position in eHealth during the fourth quarter valued at about $223,000. Institutional investors and hedge funds own 82.07% of the company’s stock.

Shares of NASDAQ:EHTH traded up $0.61 on Tuesday, reaching $62.34. The company had a trading volume of 380,639 shares, compared to its average volume of 495,730. eHealth has a twelve month low of $14.17 and a twelve month high of $67.44. The stock has a market capitalization of $1.41 billion, a P/E ratio of 98.95 and a beta of 1.36. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.45 and a quick ratio of 0.45.

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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