Zacks: Brokerages Anticipate eHealth, Inc. (NASDAQ:EHTH) Will Announce Quarterly Sales of $278.21 Million

Equities analysts expect that eHealth, Inc. (NASDAQ:EHTH) will report $278.21 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for eHealth’s earnings, with the lowest sales estimate coming in at $243.84 million and the highest estimate coming in at $355.24 million. eHealth posted sales of $293.32 million in the same quarter last year, which suggests a negative year-over-year growth rate of 5.2%. The company is expected to announce its next quarterly earnings report on Thursday, February 17th.

On average, analysts expect that eHealth will report full year sales of $579.68 million for the current fiscal year, with estimates ranging from $538.53 million to $677.06 million. For the next financial year, analysts expect that the company will report sales of $629.90 million, with estimates ranging from $567.40 million to $734.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for eHealth.

eHealth (NASDAQ:EHTH) last posted its earnings results on Monday, November 8th. The financial services provider reported ($1.78) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.09) by ($0.69). eHealth had a negative net margin of 2.10% and a negative return on equity of 1.28%. The firm had revenue of $63.90 million during the quarter, compared to analysts’ expectations of $94.20 million. During the same period in the previous year, the firm posted ($0.60) earnings per share. The firm’s revenue for the quarter was down 32.2% on a year-over-year basis.

EHTH has been the subject of several research reports. Credit Suisse Group reduced their target price on eHealth from $59.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, November 10th. Royal Bank of Canada reduced their target price on eHealth from $62.00 to $28.00 and set a “sector perform” rating for the company in a report on Tuesday, November 9th. Truist Securities reduced their price objective on eHealth from $100.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, November 9th. Zacks Investment Research downgraded eHealth from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 16th. Finally, Truist reduced their price objective on eHealth from $100.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, November 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $60.00.

In other news, CEO Francis S. Soistman, Jr. purchased 5,500 shares of the stock in a transaction that occurred on Thursday, November 11th. The shares were acquired at an average price of $29.19 per share, for a total transaction of $160,545.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dale B. Wolf purchased 24,000 shares of the stock in a transaction that occurred on Thursday, November 11th. The stock was purchased at an average price of $29.97 per share, for a total transaction of $719,280.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 32,500 shares of company stock worth $962,835 in the last quarter. 5.00% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Comerica Bank grew its holdings in eHealth by 2.3% during the 3rd quarter. Comerica Bank now owns 24,909 shares of the financial services provider’s stock valued at $1,112,000 after buying an additional 553 shares during the last quarter. Centiva Capital LP acquired a new stake in eHealth during the 3rd quarter valued at $204,000. Summit Trail Advisors LLC grew its holdings in eHealth by 12.1% during the 3rd quarter. Summit Trail Advisors LLC now owns 35,698 shares of the financial services provider’s stock valued at $1,446,000 after buying an additional 3,853 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in eHealth by 116.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 33,512 shares of the financial services provider’s stock valued at $1,357,000 after buying an additional 18,015 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in shares of eHealth by 473.7% during the 3rd quarter. Squarepoint Ops LLC now owns 32,785 shares of the financial services provider’s stock worth $1,328,000 after purchasing an additional 27,070 shares during the period. Hedge funds and other institutional investors own 93.40% of the company’s stock.

Shares of eHealth stock traded up $1.30 on Thursday, hitting $23.71. The stock had a trading volume of 760,724 shares, compared to its average volume of 721,225. eHealth has a 52-week low of $22.10 and a 52-week high of $93.19. The stock has a market cap of $625.66 million, a price-to-earnings ratio of -25.49 and a beta of -0.19. The company’s 50 day moving average price is $38.04 and its 200 day moving average price is $48.59.

About eHealth

eHealth, Inc engages in the provision of Internet-based health insurance agency services for individuals, families, and small businesses. It operates through the following segments: Medicare and Individual, Family, and Small Business. The Medicare segment consists primarily of commissions earned from sale of Medicare-related health insurance plans.

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