Analysts Anticipate Castlight Health Inc (CSLT) Will Post Earnings of -$0.02 Per Share

Wall Street brokerages expect Castlight Health Inc (NYSE:CSLT) to announce earnings per share (EPS) of ($0.02) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Castlight Health’s earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at ($0.01). Castlight Health reported earnings per share of ($0.06) during the same quarter last year, which would suggest a positive year-over-year growth rate of 66.7%. The company is scheduled to issue its next quarterly earnings results on Thursday, May 9th.

On average, analysts expect that Castlight Health will report full year earnings of $0.03 per share for the current year, with EPS estimates ranging from $0.00 to $0.04. For the next financial year, analysts forecast that the company will post earnings of $0.07 per share, with EPS estimates ranging from $0.05 to $0.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Castlight Health.

CSLT has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Castlight Health from a “hold” rating to a “strong-buy” rating and set a $4.50 price objective for the company in a research note on Wednesday, March 6th. ValuEngine cut shares of Castlight Health from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th. Cantor Fitzgerald restated a “buy” rating and issued a $5.00 price objective on shares of Castlight Health in a research note on Monday, December 17th. Finally, William Blair restated an “outperform” rating on shares of Castlight Health in a research note on Thursday, December 20th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $5.06.

Shares of CSLT stock traded down $0.03 during mid-day trading on Friday, reaching $3.75. The company’s stock had a trading volume of 328,200 shares, compared to its average volume of 501,515. Castlight Health has a 1-year low of $1.86 and a 1-year high of $5.95. The stock has a market cap of $541.08 million, a price-to-earnings ratio of -23.44 and a beta of 1.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.11 and a current ratio of 2.11.

In related news, EVP Neeraj Gupta sold 14,417 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $3.11, for a total transaction of $44,836.87. Following the completion of the sale, the executive vice president now owns 260,847 shares in the company, valued at approximately $811,234.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mangini Siobhan Nolan sold 11,319 shares of the stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $2.21, for a total transaction of $25,014.99. Following the sale, the chief financial officer now owns 225,458 shares of the company’s stock, valued at approximately $498,262.18. The disclosure for this sale can be found here. Insiders have sold a total of 88,105 shares of company stock valued at $266,964 in the last quarter. 22.58% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CSLT. Amalgamated Bank acquired a new stake in Castlight Health in the 4th quarter valued at about $25,000. Two Sigma Investments LP acquired a new stake in Castlight Health in the 4th quarter valued at about $51,000. Legal & General Group Plc increased its position in Castlight Health by 224.0% in the 3rd quarter. Legal & General Group Plc now owns 33,658 shares of the software maker’s stock valued at $91,000 after acquiring an additional 23,271 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in Castlight Health in the 4th quarter valued at about $125,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Castlight Health in the 3rd quarter valued at about $136,000. Hedge funds and other institutional investors own 49.79% of the company’s stock.

Castlight Health Company Profile

Castlight Health, Inc provides a software-as-a-service platform used for health benefits navigation for employees in the United States. Its platform matches employees to the resources their employers make available to them; managing a condition; and assists them to manage their benefits. The company also offers communication and testing, implementation, and user customer support services.

Recommended Story: Balanced Fund

Get a free copy of the Zacks research report on Castlight Health (CSLT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Castlight Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Castlight Health and related companies with MarketBeat.com's FREE daily email newsletter.