WebMD Health Corp. (NASDAQ:WBMD) – Stock analysts at KeyCorp issued their FY2018 earnings per share estimates for WebMD Health Corp. in a report released on Thursday. KeyCorp analyst D. Hooker forecasts that the brokerage will post earnings of $2.20 per share for the year. KeyCorp currently has a “Buy” rating on the stock.
Several other brokerages also recently commented on WBMD. Vetr raised WebMD Health Corp. from a “hold” rating to a “strong-buy” rating and set a $71.50 price objective on the stock in a research report on Monday, July 11th. Mizuho assumed coverage on WebMD Health Corp. in a research report on Monday, July 11th. They issued a “buy” rating and a $68.00 price objective on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of WebMD Health Corp. in a research report on Wednesday, June 22nd. Zacks Investment Research downgraded WebMD Health Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Finally, Leerink Swann reaffirmed a “buy” rating and issued a $70.00 price objective on shares of WebMD Health Corp. in a research report on Tuesday, August 9th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. WebMD Health Corp. currently has an average rating of “Buy” and a consensus target price of $64.79.
WebMD Health Corp. (NASDAQ:WBMD) traded down 0.48% during midday trading on Monday, reaching $49.86. The company had a trading volume of 54,562 shares. The firm has a 50-day moving average of $51.31 and a 200 day moving average of $58.84. The company has a market capitalization of $1.87 billion, a P/E ratio of 30.70 and a beta of 0.57. WebMD Health Corp. has a 1-year low of $40.51 and a 1-year high of $67.55.
WebMD Health Corp. (NASDAQ:WBMD) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. WebMD Health Corp. had a return on equity of 40.02% and a net margin of 11.05%. The firm earned $167.60 million during the quarter, compared to the consensus estimate of $165.46 million. During the same period last year, the company earned $0.32 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis.
Several large investors have recently modified their holdings of the company. State Street Corp boosted its stake in shares of WebMD Health Corp. by 1.4% in the first quarter. State Street Corp now owns 633,225 shares of the company’s stock worth $39,659,000 after buying an additional 8,677 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in WebMD Health Corp. during the first quarter worth approximately $457,000. ING Groep NV acquired a new stake in WebMD Health Corp. during the first quarter worth approximately $1,003,000. Columbia Partners L L C Investment Management acquired a new stake in WebMD Health Corp. during the first quarter worth approximately $6,913,000. Finally, Howard Hughes Medical Institute boosted its stake in WebMD Health Corp. by 8.7% in the first quarter. Howard Hughes Medical Institute now owns 38,396 shares of the company’s stock worth $2,405,000 after buying an additional 3,075 shares during the period. Hedge funds and other institutional investors own 84.19% of the company’s stock.
WebMD Health Corp. Company Profile
WebMD Health Corp. is a provider of health information services. The Company provides its services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, mobile platforms and health-focused publications. The WebMD Health Network includes: www.WebMD.com, its primary public portal for consumers and related mobile-optimized sites and mobile apps; www.Medscape.com, its primary public portal for physicians and other healthcare professionals and related mobile services; and other sites through which, the Company provides its branded health and wellness content, tools and services.
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