Health Insurance Innovations (HIIQ) Releases FY 2019 Earnings Guidance

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Health Insurance Innovations (NASDAQ:HIIQ) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.20-3.35 for the period, compared to the Thomson Reuters consensus estimate of $3.05. The company issued revenue guidance of $430-440 million, compared to the consensus revenue estimate of $353.41 million.Health Insurance Innovations also updated its FY19 guidance to $3.20-3.35 EPS.

A number of equities analysts have commented on the company. Lake Street Capital boosted their price objective on Health Insurance Innovations to $80.00 and gave the stock a buy rating in a research note on Thursday. BidaskClub raised Health Insurance Innovations from a sell rating to a hold rating in a research note on Thursday, January 10th. ValuEngine lowered Health Insurance Innovations from a hold rating to a sell rating in a research note on Tuesday, December 18th. Zacks Investment Research lowered Health Insurance Innovations from a hold rating to a strong sell rating in a research note on Saturday, December 29th. Finally, B. Riley lowered Health Insurance Innovations from a buy rating to a neutral rating and cut their price target for the company from $50.00 to $45.00 in a research note on Wednesday, February 27th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Health Insurance Innovations currently has an average rating of Buy and a consensus target price of $58.88.

Shares of HIIQ opened at $37.84 on Friday. Health Insurance Innovations has a 12-month low of $21.65 and a 12-month high of $63.13. The firm has a market cap of $774.26 million, a PE ratio of 28.20 and a beta of 1.81.

Health Insurance Innovations (NASDAQ:HIIQ) last released its earnings results on Wednesday, March 6th. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.21. Health Insurance Innovations had a return on equity of 20.81% and a net margin of 4.89%. The firm had revenue of $131.90 million for the quarter, compared to analyst estimates of $83.12 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The company’s quarterly revenue was up 89.8% on a year-over-year basis. Analysts forecast that Health Insurance Innovations will post 2.36 EPS for the current fiscal year.

In other Health Insurance Innovations news, CEO Gavin Southwell sold 65,899 shares of the stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $40.31, for a total value of $2,656,388.69. Following the completion of the sale, the chief executive officer now directly owns 609,723 shares in the company, valued at $24,577,934.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael D. Hershberger sold 3,850 shares of the stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $40.02, for a total value of $154,077.00. Following the completion of the sale, the chief financial officer now owns 85,329 shares of the company’s stock, valued at $3,414,866.58. The disclosure for this sale can be found here. Insiders sold 117,666 shares of company stock worth $4,739,789 in the last three months. Insiders own 55.94% of the company’s stock.

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About Health Insurance Innovations

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 provide 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.

Further Reading: Cost of Equity For A Business, Investors

Earnings History and Estimates for Health Insurance Innovations (NASDAQ:HIIQ)

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