eHealth (EHTH) Releases Earnings Results, Beats Expectations By $0.70 EPS

eHealth (EHTH) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $1.10 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.70. Analysts had a consensus of $0.40. The company posted revenue of $73.84 million in the period, compared to analysts expectations of $67.76 million. The company’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on eHealth. eHealth was Upgraded by Craig Hallum to ” Buy” on Apr 29, 2016. Shares were Reiterated by FBR Capital on Feb 24, 2016 to “Outperform” and Lowered the Price Target to $ 17 from a previous price target of $18 .

eHealth opened for trading at $9 and hit $9.2 on the upside on Wednesday, eventually ending the session at $9.08, with a gain of 0.67% or 0.06 points. The heightened volatility saw the trading volume jump to 39,078 shares. Company has a market cap of $165 M.

In a different news, on Dec 4, 2015, Stuart Huizinga (Sr. VP & CFO) sold 24,999 shares at $12.22 per share price. According to the SEC, on Jun 4, 2015, Gary L Lauer (Chr. of the Board and CEO) sold 99,999 shares at $12.59 per share price. On May 1, 2015, Scott N Flanders (director) sold 6,076 shares at $12.88 per share price, according to the Form-4 filing with the securities and exchange commission.

eHealth Inc. offers an online source of health insurance for individuals families and small businesses. The Company offers a private health insurance exchange where individuals families and small businesses can compare health insurance products from various insurers and purchase and enroll in coverage online. It offers a range of individual family and small business health plans underwritten by the health insurance companies through its Website addresses and and customer care centers. Its e-commerce technology delivers consumers’ health insurance applications electronically to health insurance carriers. The plans it offers preferred provider organization health maintenance organization and indemnity plans Medicare related health insurance plans short-term medical insurance student health insurance and dental and vision insurance among others.


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