$171.52 Million in Sales Expected for WebMD Health Corp (WBMD) This Quarter
Analysts predict that WebMD Health Corp (NASDAQ:WBMD) will announce sales of $171.52 million for the current quarter, according to Zacks. Six analysts have made estimates for WebMD Health Corp’s earnings, with the highest sales estimate coming in at $173.00 million and the lowest estimate coming in at $169.30 million. WebMD Health Corp reported sales of $167.58 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.4%. The firm is scheduled to report its next quarterly earnings report on Monday, August 14th.
According to Zacks, analysts expect that WebMD Health Corp will report full year sales of $171.52 million for the current year, with estimates ranging from $715.00 million to $722.30 million. For the next year, analysts forecast that the business will report sales of $736.57 million per share, with estimates ranging from $717.80 million to $758.60 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for WebMD Health Corp.
WebMD Health Corp (NASDAQ:WBMD) last announced its quarterly earnings data on Tuesday, May 2nd. The health services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. WebMD Health Corp had a return on equity of 27.77% and a net margin of 12.55%. The company had revenue of $154.06 million for the quarter, compared to analysts’ expectations of $152.53 million.
Several brokerages recently issued reports on WBMD. William Blair reaffirmed a “hold” rating on shares of WebMD Health Corp in a research report on Friday, March 31st. Zacks Investment Research raised WebMD Health Corp from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Thursday, April 20th. Mizuho lifted their target price on WebMD Health Corp from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, February 17th. Finally, Cowen and Company cut WebMD Health Corp from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a research report on Wednesday, March 15th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $65.05.
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Shares of WebMD Health Corp (NASDAQ WBMD) opened at 58.35 on Friday. The stock’s 50 day moving average price is $56.25 and its 200-day moving average price is $52.77. The company has a market cap of $2.12 billion, a PE ratio of 30.44 and a beta of 0.65. WebMD Health Corp has a 52 week low of $48.10 and a 52 week high of $64.31.
A number of hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of WebMD Health Corp during the fourth quarter worth approximately $751,000. State Board of Administration of Florida Retirement System raised its stake in shares of WebMD Health Corp by 0.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 24,827 shares of the health services provider’s stock worth $1,231,000 after buying an additional 150 shares during the period. Comerica Bank raised its stake in shares of WebMD Health Corp by 0.9% in the fourth quarter. Comerica Bank now owns 27,746 shares of the health services provider’s stock worth $1,415,000 after buying an additional 250 shares during the period. Cipher Capital LP acquired a new stake in shares of WebMD Health Corp during the fourth quarter worth approximately $1,144,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of WebMD Health Corp by 1.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,503 shares of the health services provider’s stock worth $570,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 92.19% of the company’s stock.
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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