Title : Dealers Insurance - Health Insurance Innovations Inc (HIIQ) Expected to Post Quarterly Sales of $73.80 Million
link : Dealers Insurance - Health Insurance Innovations Inc (HIIQ) Expected to Post Quarterly Sales of $73.80 Million
Dealers Insurance - Health Insurance Innovations Inc (HIIQ) Expected to Post Quarterly Sales of $73.80 Million
Dealers Insurance - Health Insurance Innovations Inc (HIIQ) Expected to Post Quarterly Sales of $73.80 Million
Equities research analysts expect Health Insurance Innovations Inc (NASDAQ:HIIQ) to post sales of $73.80 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Health Insurance Innovations’ earnings, with the lowest sales estimate coming in at $72.04 million and the highest estimate coming in at $75.30 million. Health Insurance Innovations posted sales of $63.34 million during the same quarter last year, which would indicate a positive year over year growth rate of 16.5%. The business is scheduled to report its next earnings report on Wednesday, November 7th.
According to Zacks, analysts expect that Health Insurance Innovations will report full year sales of $300.67 million for the current year, with estimates ranging from $298.11 million to $303.10 million. For the next year, analysts expect that the business will post sales of $356.67 million, with estimates ranging from $350.94 million to $360.70 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Health Insurance Innovations.
Health Insurance Innovations (NASDAQ:HIIQ) last announced its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. The firm had revenue of $71.70 million for the quarter, compared to the consensus estimate of $70.51 million. Health Insurance Innovations had a net margin of 5.39% and a return on equity of 19.43%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share.
A number of equities analysts have weighed in on HIIQ shares. Cantor Fitzgerald restated a “buy” rating on shares of Health Insurance Innovations in a research report on Friday, June 8th. BidaskClub cut shares of Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a research report on Thursday. B. Riley upped their price objective on shares of Health Insurance Innovations from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, September 27th. ValuEngineupgraded shares of Health Insurance Innovations from a “hold” rating to a “buy” rating in a research report on Thursday, July 5th. Finally, Canaccord Genuity restated a “buy” rating and set a $62.00 price objective (up from $55.00) on shares of Health Insurance Innovations in a research report on Thursday, August 2nd. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $47.51.
NASDAQ:HIIQ traded up $2.55 during trading hours on Monday, reaching $56.93. 380,879 shares of the company were exchanged, compared to its average volume of 386,354. The stock has a market capitalization of $1.03 billion, a PE ratio of 47.44 and a beta of 0.54. Health Insurance Innovations has a twelve month low of $15.95 and a twelve month high of $63.13.
In other news, insider Sheldon Wang sold 10,000 shares of the stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $37.05, for a total value of $370,500.00. Following the completion of the sale, the insider now directly owns 38,675 shares in the company, valued at $1,432,908.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO of HealthPocket, Inc. division Bruce Telkamp sold 7,517 shares of the stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $43.20, for a total transaction of $324,734.40. The disclosure for this sale can be found here. Insiders sold 24,110 shares of company stock valued at $980,909 over the last quarter. Company insiders own 55.94% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vident Investment Advisory LLC boosted its position in shares of Health Insurance Innovations by 8.0% in the 2nd quarter. Vident Investment Advisory LLC now owns 18,935 shares of the financial services provider’s stock worth $613,000 after buying an additional 1,409 shares in the last quarter. Globeflex Capital L P increased its holdings in shares of Health Insurance Innovations by 14.3% during the second quarter. Globeflex Capital L P now owns 16,000 shares of the financial services provider’s stock valued at $518,000 after purchasing an additional 2,000 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Health Insurance Innovations by 3.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 61,727 shares of the financial services provider’s stock valued at $1,997,000 after purchasing an additional 2,046 shares during the period. Northern Trust Corp increased its holdings in shares of Health Insurance Innovations by 1.6% during the first quarter. Northern Trust Corp now owns 135,265 shares of the financial services provider’s stock valued at $3,909,000 after purchasing an additional 2,175 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Health Insurance Innovations by 20.0% during the second quarter. First Trust Advisors LP now owns 13,905 shares of the financial services provider’s stock valued at $450,000 after purchasing an additional 2,315 shares during the period. Institutional investors and hedge funds own 86.89% of the company’s stock.
Health Insurance Innovations Company Profile
Health Insurance Innovations, Inc operates as a cloud-based technology platform and distributor of individual and family health insurance plans, and supplemental products in the United States. It offers short-term medical plans that provides three months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits; and supplemental insurance products, including pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies.
source : https://baseballnewssource.com/2018/10/06/health-insurance-innovations-inc-hiiq-expected-to-post-quarterly-sales-of-73-80-million/2786181.html
This is the article Dealers Insurance - Health Insurance Innovations Inc (HIIQ) Expected to Post Quarterly Sales of $73.80 Million
So many articles Dealers Insurance - Health Insurance Innovations Inc (HIIQ) Expected to Post Quarterly Sales of $73.80 Million this time, hopefully it can benefit you all. OK, see you in another article.
You are now reading the article Dealers Insurance - Health Insurance Innovations Inc (HIIQ) Expected to Post Quarterly Sales of $73.80 Million with the link address https://dealersinsurance.blogspot.com/2018/10/dealers-insurance-health-insurance_7.html
Post a Comment