Analysts Issue Forecasts for WebMD Health Corp.’s FY2016 Earnings (WBMD)
WebMD Health Corp. (NASDAQ:WBMD) – SunTrust Banks raised their FY2016 earnings per share estimates for shares of WebMD Health Corp. in a note issued to investors on Thursday. SunTrust Banks analyst S. Draper now forecasts that the firm will earn $1.82 per share for the year, up from their previous estimate of $1.78. SunTrust Banks also issued estimates for WebMD Health Corp.’s Q4 2016 earnings at $0.67 EPS and FY2018 earnings at $2.01 EPS.
Several other research firms have also weighed in on WBMD. Leerink Swann restated a “buy” rating on shares of WebMD Health Corp. in a research report on Wednesday, September 28th. Mizuho restated a “buy” rating and set a $68.00 price target on shares of WebMD Health Corp. in a research report on Wednesday, August 10th. Citigroup Inc. increased their price target on shares of WebMD Health Corp. from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, August 9th. Royal Bank Of Canada restated an “outperform” rating and set a $75.00 price target on shares of WebMD Health Corp. in a research report on Wednesday, June 22nd. Finally, Zacks Investment Research upgraded shares of WebMD Health Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, September 20th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. WebMD Health Corp. presently has an average rating of “Buy” and a consensus target price of $64.79.
Shares of WebMD Health Corp. (NASDAQ:WBMD) opened at 50.32 on Monday. The company’s 50 day moving average is $51.07 and its 200 day moving average is $58.59. WebMD Health Corp. has a one year low of $40.51 and a one year high of $67.55. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 30.99 and a beta of 0.57.
WebMD Health Corp. (NASDAQ:WBMD) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $167.60 million for the quarter, compared to analyst estimates of $165.46 million. WebMD Health Corp. had a net margin of 11.05% and a return on equity of 40.02%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS.
Several large investors have recently made changes to their positions in WBMD. Meeder Asset Management Inc. bought a new stake in shares of WebMD Health Corp. during the first quarter worth $115,000. LS Investment Advisors LLC bought a new stake in shares of WebMD Health Corp. during the second quarter worth $134,000. BlackRock Inc. increased its stake in shares of WebMD Health Corp. by 131.1% in the first quarter. BlackRock Inc. now owns 2,491 shares of the company’s stock worth $156,000 after buying an additional 1,413 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of WebMD Health Corp. during the third quarter worth $201,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of WebMD Health Corp. by 11,003.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,553 shares of the company’s stock worth $207,000 after buying an additional 3,521 shares in the last quarter. 84.19% of the stock is currently owned by hedge funds and other institutional investors.
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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