$37.17 Million in Sales Expected for eHealth, Inc. (EHTH) This Quarter

Equities analysts expect that eHealth, Inc. (NASDAQ:EHTH) will post $37.17 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for eHealth’s earnings. The highest sales estimate is $39.22 million and the lowest is $35.16 million. eHealth posted sales of $32.66 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.8%. The company is expected to issue its next quarterly earnings results on Thursday, July 25th.

On average, analysts expect that eHealth will report full-year sales of $328.29 million for the current financial year, with estimates ranging from $325.44 million to $331.19 million. For the next year, analysts expect that the business will post sales of $396.73 million, with estimates ranging from $386.22 million to $414.89 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for eHealth.

eHealth (NASDAQ:EHTH) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.49. The business had revenue of $68.80 million for the quarter, compared to analyst estimates of $51.61 million. eHealth had a negative net margin of 0.03% and a positive return on equity of 5.82%. The firm’s revenue for the quarter was up 59.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.07) EPS.

A number of brokerages have weighed in on EHTH. TheStreet lowered shares of eHealth from a “b” rating to a “c” rating in a research report on Thursday, April 25th. Zacks Investment Research upgraded shares of eHealth from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Friday, January 18th. BidaskClub upgraded shares of eHealth from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Craig Hallum restated a “buy” rating and issued a $85.00 target price (up previously from $75.00) on shares of eHealth in a research report on Friday, April 26th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $87.00 target price (up previously from $73.00) on shares of eHealth in a research report on Monday, April 29th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $86.57.

Shares of NASDAQ EHTH traded up $3.38 during trading hours on Friday, hitting $64.49. 361,827 shares of the stock were exchanged, compared to its average volume of 567,216. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 102.37 and a beta of 1.33. eHealth has a 1-year low of $18.35 and a 1-year high of $73.71.

In other news, CEO Scott N. Flanders sold 34,005 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $60.95, for a total transaction of $2,072,604.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Derek N. Yung purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were acquired at an average cost of $55.36 per share, with a total value of $110,720.00. Following 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 have sold 45,342 shares of company stock valued at $2,773,081 in the last ninety days. Insiders own 4.14% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in EHTH. FMR LLC raised its stake in shares of eHealth by 1,540.3% during the first quarter. FMR LLC now owns 1,644,434 shares of the financial services provider’s stock valued at $102,514,000 after acquiring an additional 1,544,184 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of eHealth by 3,648.3% during the fourth quarter. Victory Capital Management Inc. now owns 787,515 shares of the financial services provider’s stock valued at $30,256,000 after acquiring an additional 766,505 shares during the last quarter. Emerald Advisers LLC bought a new position in shares of eHealth during the first quarter valued at $23,504,000. BlackRock Inc. raised its stake in shares of eHealth by 13.9% during the first quarter. BlackRock Inc. now owns 2,922,712 shares of the financial services provider’s stock valued at $182,203,000 after acquiring an additional 357,154 shares during the last quarter. Finally, Toronado Partners LLC bought a new position in shares of eHealth during the fourth quarter valued at $13,597,000. 84.55% of the stock is owned by hedge funds and other institutional investors.

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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