eHealth (EHTH) Set to Announce Earnings on Tuesday

eHealth (NASDAQ:EHTHGet Rating) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of ($1.26) per share for the quarter. eHealth has set its FY 2022 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

eHealth (NASDAQ:EHTHGet Rating) last posted its quarterly earnings data on Tuesday, March 1st. The financial services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.37). eHealth had a negative net margin of 19.39% and a negative return on equity of 7.99%. The business had revenue of $243.51 million during the quarter, compared to the consensus estimate of $251.76 million. During the same period in the prior year, the company posted $2.21 earnings per share. The firm’s revenue was down 17.0% compared to the same quarter last year. On average, analysts expect eHealth to post $-3 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

EHTH opened at $8.96 on Tuesday. eHealth has a 1-year low of $8.22 and a 1-year high of $78.00. The stock has a market capitalization of $239.90 million, a price-to-earnings ratio of -1.96 and a beta of 0.09. The business has a 50 day moving average of $11.88 and a 200-day moving average of $22.63.

In other eHealth news, insider Phillip A. Morelock sold 7,000 shares of eHealth stock in a transaction on Friday, March 4th. The stock was sold at an average price of $11.75, for a total transaction of $82,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.00% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank lifted its holdings in shares of eHealth by 4.3% during the fourth quarter. Comerica Bank now owns 25,977 shares of the financial services provider’s stock valued at $568,000 after acquiring an additional 1,068 shares during the period. California State Teachers Retirement System increased its stake in shares of eHealth by 3.4% in the fourth quarter. California State Teachers Retirement System now owns 34,608 shares of the financial services provider’s stock valued at $883,000 after buying an additional 1,122 shares in the last quarter. Sei Investments Co. increased its stake in shares of eHealth by 2.2% in the fourth quarter. Sei Investments Co. now owns 75,352 shares of the financial services provider’s stock valued at $1,900,000 after buying an additional 1,625 shares in the last quarter. SkyView Investment Advisors LLC acquired a new stake in shares of eHealth in the fourth quarter valued at $241,000. Finally, Legal & General Group Plc increased its stake in shares of eHealth by 3.5% in the fourth quarter. Legal & General Group Plc now owns 69,435 shares of the financial services provider’s stock valued at $1,771,000 after buying an additional 2,373 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

Several research firms have recently weighed in on EHTH. Zacks Investment Research cut eHealth from a “hold” rating to a “sell” rating in a research report on Wednesday, March 9th. Barclays cut eHealth from an “overweight” rating to an “equal weight” rating and set a $22.00 price objective for the company. in a research report on Tuesday, January 18th. Citigroup cut eHealth from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $37.00 to $15.00 in a research report on Monday, March 21st. Credit Suisse Group reduced their target price on eHealth from $31.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, March 3rd. Finally, Truist Financial cut eHealth from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a research report on Wednesday, March 2nd. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.57.

eHealth Company Profile (Get Rating)

eHealth, Inc operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States. The company operates in two segments, Medicare; and Individual, Family and Small Business. Its ecommerce 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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Earnings History for eHealth (NASDAQ:EHTH)

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