FY2018 EPS Estimates for WebMD Health Corp. (WBMD) Lowered by Analyst
WebMD Health Corp. (NASDAQ:WBMD) – Equities research analysts at SunTrust Banks cut their FY2018 EPS estimates for WebMD Health Corp. in a report released on Wednesday. SunTrust Banks analyst S. Draper now anticipates that the firm will earn $1.90 per share for the year, down from their prior estimate of $1.99.
WBMD has been the subject of a number of other research reports. Zacks Investment Research upgraded WebMD Health Corp. from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Thursday, October 20th. Leerink Swann reiterated a “buy” rating on shares of WebMD Health Corp. in a research report on Wednesday, September 28th. Mizuho reiterated 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. boosted their price target on WebMD Health Corp. from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 9th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $62.00 price target on shares of WebMD Health Corp. in a research report on Thursday, August 11th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $64.29.
WebMD Health Corp. (NASDAQ:WBMD) traded down 0.24% during mid-day trading on Friday, reaching $53.78. The company had a trading volume of 440,773 shares. The firm has a market capitalization of $2.02 billion, a P/E ratio of 30.04 and a beta of 0.34. WebMD Health Corp. has a 12 month low of $43.15 and a 12 month high of $67.55. The stock’s 50-day moving average is $51.23 and its 200 day moving average is $56.48.
WebMD Health Corp. (NASDAQ:WBMD) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The firm earned $171.40 million during the quarter, compared to analysts’ expectations of $169.96 million. WebMD Health Corp. had a return on equity of 35.64% and a net margin of 11.97%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS.
Several large investors have recently made changes to their positions in WBMD. LS Investment Advisors LLC increased its stake in shares of WebMD Health Corp. by 7.2% in the third quarter. LS Investment Advisors LLC now owns 2,480 shares of the company’s stock valued at $123,000 after buying an additional 167 shares in the last quarter. BlackRock Inc. raised its position in WebMD Health Corp. by 131.1% in the first quarter. BlackRock Inc. now owns 2,491 shares of the company’s stock valued at $156,000 after buying an additional 1,413 shares during the last quarter. Advisory Services Network LLC acquired a new position in WebMD Health Corp. during the third quarter valued at $201,000. Aperio Group LLC raised its position in WebMD Health Corp. by 2.1% in the third quarter. Aperio Group LLC now owns 4,151 shares of the company’s stock valued at $206,000 after buying an additional 87 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in 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 valued at $207,000 after buying an additional 3,521 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.
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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