Equities analysts expect that Teladoc, Inc. (NYSE:TDOC) will report sales of $44.34 million for the current quarter, Zacks Investment Research reports. Thirteen analysts have made estimates for Teladoc’s earnings, with estimates ranging from $43.97 million to $44.61 million. Teladoc posted sales of $26.49 million in the same quarter last year, which suggests a positive year-over-year growth rate of 67.4%. The company is expected to announce its next earnings report after the market closes on Wednesday, August 2nd.

According to Zacks, analysts expect that Teladoc will report full-year sales of $44.34 million for the current fiscal year, with estimates ranging from $181.20 million to $185.00 million. For the next year, analysts expect that the business will report sales of $248.64 million per share, with estimates ranging from $232.20 million to $258.37 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Teladoc.

Teladoc (NYSE:TDOC) last announced its quarterly earnings data on Monday, May 8th. The health services provider reported ($0.30) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.03. Teladoc had a negative return on equity of 24.73% and a negative net margin of 53.58%. The firm had revenue of $42.90 million during the quarter, compared to analyst estimates of $42.22 million. During the same period last year, the company posted ($0.40) EPS. The business’s quarterly revenue was up 59.5% compared to the same quarter last year.

TDOC has been the subject of several recent research reports. Zacks Investment Research cut Teladoc from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Chardan Capital reaffirmed a “buy” rating on shares of Teladoc in a research report on Monday, March 27th. Cowen and Company reaffirmed an “outperform” rating and set a $29.00 price objective on shares of Teladoc in a research report on Thursday, March 16th. TheStreet raised Teladoc from a “d” rating to a “c-” rating in a research report on Thursday, April 13th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $32.00 price objective on shares of Teladoc in a research report on Wednesday, June 21st. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Teladoc currently has an average rating of “Buy” and a consensus target price of $32.77.

In related news, insider Michael H. King sold 5,000 shares of the stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $25.75, for a total transaction of $128,750.00. Following the completion of the transaction, the insider now directly owns 61,459 shares of the company’s stock, valued at $1,582,569.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jason N. Gorevic sold 15,000 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $23.11, for a total value of $346,650.00. Following the transaction, the chief executive officer now directly owns 833,261 shares of the company’s stock, valued at $19,256,661.71. The disclosure for this sale can be found here. Insiders have sold 232,480 shares of company stock valued at $6,439,354 over the last three months. Insiders own 5.94% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in Teladoc by 125.7% in the first quarter. Ameriprise Financial Inc. now owns 131,493 shares of the health services provider’s stock valued at $3,288,000 after buying an additional 73,231 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in Teladoc during the first quarter valued at about $271,000. Swiss National Bank raised its stake in Teladoc by 37.5% in the first quarter. Swiss National Bank now owns 56,800 shares of the health services provider’s stock valued at $1,420,000 after buying an additional 15,500 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Teladoc by 115.3% in the first quarter. Bank of New York Mellon Corp now owns 227,360 shares of the health services provider’s stock valued at $5,683,000 after buying an additional 121,736 shares in the last quarter. Finally, US Bancorp DE raised its stake in Teladoc by 10.3% in the first quarter. US Bancorp DE now owns 4,617 shares of the health services provider’s stock valued at $116,000 after buying an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 93.77% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright law. The correct version of this article can be read at https://www.thecerbatgem.com/2017/07/14/brokerages-expect-teladoc-inc-tdoc-will-announce-quarterly-sales-of-44-34-million.html.

Shares of Teladoc (NYSE:TDOC) traded up 2.01% during midday trading on Friday, reaching $35.45. The company’s stock had a trading volume of 887,053 shares. The company’s market cap is $1.93 billion. Teladoc has a 12 month low of $13.49 and a 12 month high of $36.90. The stock has a 50-day moving average of $31.90 and a 200 day moving average of $24.09.

Teladoc Company Profile

Teladoc, Inc is a telehealth company. The Company offers telehealth platform, delivering on-demand healthcare anytime, anywhere, through mobile devices, the Internet, video and phone. The Company’s solution connects its Members, with its over 3,000 board certified physicians and behavioral health professionals treating a range of conditions and cases from acute diagnoses, such as upper respiratory infection, urinary tract infection and sinusitis to dermatological conditions, anxiety and smoking cessation.

Get a free copy of the Zacks research report on Teladoc (TDOC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Teladoc Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teladoc Inc. and related stocks with our FREE daily email newsletter.