Evolent Health Inc (NYSE:EVH) – Stock analysts at KeyCorp issued their Q4 2018 earnings per share (EPS) estimates for shares of Evolent Health in a research report issued on Wednesday. KeyCorp analyst D. Hooker forecasts that the technology company will post earnings of ($0.01) per share for the quarter. KeyCorp currently has a “Overweight” rating and a $23.00 price target on the stock.

Evolent Health (NYSE:EVH) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.04. Evolent Health had a negative return on equity of 5.05% and a negative net margin of 15.86%. The firm had revenue of $107.90 million during the quarter, compared to analyst estimates of $104.49 million. During the same period last year, the company earned ($0.26) EPS. Evolent Health’s quarterly revenue was up 79.2% compared to the same quarter last year.

Several other research firms also recently commented on EVH. Cowen restated an “outperform” rating and set a $29.00 price objective (down from $33.00) on shares of Evolent Health in a report on Friday, October 6th. SunTrust Banks restated a “buy” rating and set a $30.00 price objective on shares of Evolent Health in a report on Friday, November 3rd. Leerink Swann set a $25.00 price objective on Evolent Health and gave the stock a “buy” rating in a report on Saturday, November 18th. Robert W. Baird restated a “buy” rating and set a $25.00 price objective on shares of Evolent Health in a report on Wednesday, November 1st. Finally, Cantor Fitzgerald restated a “buy” rating and set a $30.00 price objective on shares of Evolent Health in a report on Sunday, December 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. Evolent Health presently has a consensus rating of “Buy” and an average price target of $28.00.

Evolent Health (NYSE EVH) opened at $15.05 on Friday. Evolent Health has a fifty-two week low of $10.30 and a fifty-two week high of $27.50. The company has a quick ratio of 3.34, a current ratio of 3.34 and a debt-to-equity ratio of 0.11.

Several large investors have recently made changes to their positions in EVH. FMR LLC increased its holdings in shares of Evolent Health by 117.7% in the 2nd quarter. FMR LLC now owns 9,864,775 shares of the technology company’s stock valued at $250,073,000 after acquiring an additional 5,333,252 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Evolent Health by 37.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,465,019 shares of the technology company’s stock valued at $136,236,000 after acquiring an additional 2,026,893 shares during the period. Vanguard Group Inc. increased its holdings in shares of Evolent Health by 48.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,769,869 shares of the technology company’s stock valued at $95,566,000 after acquiring an additional 1,237,941 shares during the period. Kornitzer Capital Management Inc. KS purchased a new position in shares of Evolent Health in the 3rd quarter valued at $14,258,000. Finally, Jennison Associates LLC purchased a new position in shares of Evolent Health in the 3rd quarter valued at $12,531,000. Institutional investors and hedge funds own 95.38% of the company’s stock.

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Evolent Health Company Profile

Evolent Health, Inc is engaged in healthcare delivery and payment. The Company supports health systems and physician organizations in their migration toward value-based care and population health management. The Company provides an end-to-end, technology-enabled services platform for providers. The Company’s platform, powered by its technology, processes and integrated services, enables providers to migrate their economic orientation from fee-for-service (FFS) reimbursement to payment models that reward value-based payment models.

Earnings History and Estimates for Evolent Health (NYSE:EVH)

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