Equities analysts predict that Endurance International Group Holdings Inc (NASDAQ:EIGI) will announce earnings per share of ($0.01) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Endurance International Group’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at ($0.06). Endurance International Group posted earnings per share of $0.05 in the same quarter last year, which indicates a negative year-over-year growth rate of 120%. The business is expected to announce its next earnings results on Tuesday, February 12th.
According to Zacks, analysts expect that Endurance International Group will report full year earnings of ($0.11) per share for the current fiscal year, with EPS estimates ranging from ($0.16) to ($0.05). For the next financial year, analysts anticipate that the company will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.30) to $0.11. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Endurance International Group.
Endurance International Group (NASDAQ:EIGI) last released its quarterly earnings data on Thursday, October 25th. The software maker reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. Endurance International Group had a negative net margin of 0.68% and a negative return on equity of 6.34%. The firm had revenue of $283.77 million during the quarter, compared to analysts’ expectations of $284.53 million.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Endurance International Group from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, October 30th. TheStreet cut shares of Endurance International Group from a “c” rating to a “d+” rating in a report on Friday, October 26th. ValuEngine raised shares of Endurance International Group from a “hold” rating to a “buy” rating in a report on Saturday, October 27th. Credit Suisse Group boosted their price objective on shares of Endurance International Group from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, October 26th. Finally, SunTrust Banks reissued a “hold” rating and set a $8.00 price objective on shares of Endurance International Group in a report on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Endurance International Group has an average rating of “Hold” and a consensus price target of $9.21.
Shares of EIGI traded down $0.25 during mid-day trading on Tuesday, hitting $9.53. 341,316 shares of the company traded hands, compared to its average volume of 551,041. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 12.31. Endurance International Group has a 1 year low of $6.95 and a 1 year high of $10.95. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -12.22 and a beta of 1.39.
In related news, insider Barry Christine Timmins sold 22,863 shares of the business’s stock in a transaction that occurred on Wednesday, October 17th. The shares were sold at an average price of $8.83, for a total transaction of $201,880.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Marc Montagner sold 9,424 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $9.20, for a total transaction of $86,700.80. The disclosure for this sale can be found here. Insiders have sold 32,608 shares of company stock valued at $291,348 over the last 90 days. 50.80% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in Endurance International Group during the first quarter valued at approximately $105,000. Amalgamated Bank bought a new stake in Endurance International Group during the second quarter valued at approximately $108,000. Verition Fund Management LLC bought a new stake in Endurance International Group during the second quarter valued at approximately $134,000. Barclays PLC grew its position in Endurance International Group by 65.0% during the first quarter. Barclays PLC now owns 18,996 shares of the software maker’s stock valued at $140,000 after buying an additional 7,485 shares during the period. Finally, Cubist Systematic Strategies LLC grew its position in Endurance International Group by 44.1% during the first quarter. Cubist Systematic Strategies LLC now owns 20,361 shares of the software maker’s stock valued at $151,000 after buying an additional 6,227 shares during the period. Institutional investors own 91.63% of the company’s stock.
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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