Brokerages predict that Endurance International Group Holdings Inc (NASDAQ:EIGI) will post earnings of ($0.05) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Endurance International Group’s earnings, with the highest EPS estimate coming in at ($0.03) and the lowest estimate coming in at ($0.07). Endurance International Group posted earnings per share of ($0.29) during the same quarter last year, which would indicate a positive year-over-year growth rate of 82.8%. The business is expected to issue its next earnings report on Tuesday, October 30th.
On average, analysts expect that Endurance International Group will report full-year earnings of ($0.16) per share for the current year, with EPS estimates ranging from ($0.22) to ($0.11). For the next fiscal year, analysts anticipate that the firm will post earnings of $0.00 per share, with EPS estimates ranging from ($0.11) to $0.07. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Endurance International Group.
Endurance International Group (NASDAQ:EIGI) last announced its quarterly earnings data on Thursday, July 26th. The software maker reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. Endurance International Group had a negative return on equity of 38.34% and a negative net margin of 3.58%. The company had revenue of $287.80 million for the quarter, compared to analyst estimates of $288.38 million. During the same quarter last year, the firm earned ($0.29) EPS. Endurance International Group’s revenue for the quarter was down 1.5% compared to the same quarter last year.
Several analysts have recently weighed in on the company. ValuEngine raised Endurance International Group from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. TheStreet raised Endurance International Group from a “d+” rating to a “c” rating in a report on Friday, July 27th. BidaskClub lowered Endurance International Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 27th. SunTrust Banks reaffirmed a “hold” rating and issued a $8.00 price target on shares of Endurance International Group in a research note on Thursday, July 26th. Finally, Zacks Investment Research lowered Endurance International Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Endurance International Group has an average rating of “Hold” and a consensus target price of $8.43.
A number of hedge funds have recently made changes to their positions in EIGI. BlackRock Inc. boosted its stake in Endurance International Group by 24.9% in the 2nd quarter. BlackRock Inc. now owns 4,642,169 shares of the software maker’s stock valued at $46,189,000 after buying an additional 924,079 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Endurance International Group by 39.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,282,767 shares of the software maker’s stock valued at $12,763,000 after purchasing an additional 362,233 shares during the last quarter. American Century Companies Inc. bought a new position in Endurance International Group in the 1st quarter valued at $1,633,000. Millennium Management LLC raised its position in Endurance International Group by 165.8% in the 4th quarter. Millennium Management LLC now owns 337,639 shares of the software maker’s stock valued at $2,836,000 after purchasing an additional 210,616 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Endurance International Group by 24.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 808,830 shares of the software maker’s stock valued at $5,986,000 after purchasing an additional 161,120 shares during the last quarter. 89.04% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:EIGI traded up $0.10 during trading on Friday, hitting $9.15. 603,373 shares of the stock were exchanged, compared to its average volume of 767,246. Endurance International Group has a 1-year low of $6.95 and a 1-year high of $10.95. The firm has a market capitalization of $1.30 billion, a PE ratio of -11.73 and a beta of 1.72. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 12.31.
Endurance International Group Company Profile
Endurance International Group Holdings, Inc, together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses worldwide. The company operates in three segments: Web Presence, Domain, and Email Marketing. It offers Web hosting services, including entry-level shared hosting, and virtual private server and dedicated hosting solutions; Website building tools that enable subscribers with varying degrees of technical sophistication to create a Web presence; domain registration, management, and resale services; malware protection solutions to protect subscribers' Websites from viruses, malicious code, and other threats; and backup control solutions that enable subscribers to schedule, maintain, manage, and restore backups of their online data and Websites.
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