Wall Street analysts expect that WebMD Health Corp (NASDAQ:WBMD) will post earnings per share of $0.41 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for WebMD Health Corp’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.39. WebMD Health Corp posted earnings of $0.39 per share in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The company is scheduled to issue its next earnings report on Monday, August 14th.
According to Zacks, analysts expect that WebMD Health Corp will report full year earnings of $2.06 per share for the current financial year, with EPS estimates ranging from $2.03 to $2.08. For the next financial year, analysts anticipate that the company will post earnings of $2.07 per share, with EPS estimates ranging from $1.93 to $2.15. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover WebMD Health Corp.
WebMD Health Corp (NASDAQ:WBMD) last released its earnings results on Tuesday, May 2nd. The health services provider reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.03. WebMD Health Corp had a net margin of 12.55% and a return on equity of 27.77%. The business had revenue of $154.06 million during the quarter, compared to analysts’ expectations of $152.53 million.
Several brokerages recently commented on WBMD. Zacks Investment Research downgraded shares of WebMD Health Corp from a “buy” rating to a “hold” rating in a report on Friday, May 5th. William Blair reissued a “hold” rating on shares of WebMD Health Corp in a report on Friday, March 31st. Finally, Cowen and Company downgraded shares of WebMD Health Corp from an “outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a report on Wednesday, March 15th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $65.05.
A number of institutional investors have recently added to or reduced their stakes in WBMD. Meadow Creek Investment Management LLC boosted its position in shares of WebMD Health Corp by 10.0% in the first quarter. Meadow Creek Investment Management LLC now owns 1,936 shares of the health services provider’s stock valued at $102,000 after buying an additional 176 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of WebMD Health Corp by 4.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,410 shares of the health services provider’s stock valued at $119,000 after buying an additional 93 shares during the period. Glen Harbor Capital Management LLC boosted its position in shares of WebMD Health Corp by 10.0% in the first quarter. Glen Harbor Capital Management LLC now owns 2,464 shares of the health services provider’s stock valued at $130,000 after buying an additional 224 shares during the period. Elkfork Partners LLC acquired a new position in shares of WebMD Health Corp during the fourth quarter valued at about $135,000. Finally, Asset Management One Co. Ltd. acquired a new position in shares of WebMD Health Corp during the first quarter valued at about $148,000. Institutional investors and hedge funds own 92.15% of the company’s stock.
WebMD Health Corp (NASDAQ WBMD) traded down 0.09% during midday trading on Thursday, hitting $58.39. 319,792 shares of the company traded hands. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 30.46 and a beta of 0.65. The stock’s 50-day moving average price is $56.37 and its 200 day moving average price is $52.80. WebMD Health Corp has a 12-month low of $48.10 and a 12-month high of $62.45.
About WebMD Health Corp
WebMD Health Corp. is a provider of health information services. The Company provides its services to consumers, physicians and other healthcare professionals through its Websites, mobile applications and health-focused publications. Advertisers and sponsors use The WebMD Health Network to reach and engage healthcare professionals and consumers who are interested in healthy living, wellness, diseases and conditions, and other health-related topics.
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