Analysts expect Health Insurance Innovations Inc (NASDAQ:HIIQ) to announce $0.63 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Health Insurance Innovations’ earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.65. Health Insurance Innovations posted earnings of $0.46 per share during the same quarter last year, which would suggest a positive year over year growth rate of 37%. The business is expected to issue its next earnings report on Wednesday, November 7th.

On average, analysts expect that Health Insurance Innovations will report full year earnings of $2.50 per share for the current fiscal year, with EPS estimates ranging from $2.45 to $2.55. For the next fiscal year, analysts anticipate that the business will post earnings of $2.86 per share, with EPS estimates ranging from $2.75 to $3.02. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Health Insurance Innovations.

Health Insurance Innovations (NASDAQ:HIIQ) last issued its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. Health Insurance Innovations had a net margin of 5.39% and a return on equity of 19.43%. The firm had revenue of $71.70 million during the quarter, compared to analyst estimates of $70.51 million. During the same quarter in the prior year, the business posted $0.46 earnings per share. Health Insurance Innovations’s revenue for the quarter was up 16.0% compared to the same quarter last year.

Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Health Insurance Innovations from a “hold” rating to a “sell” rating in a research report on Wednesday, May 23rd. ValuEngine raised shares of Health Insurance Innovations from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. BidaskClub raised shares of Health Insurance Innovations from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 5th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $65.00 price target on shares of Health Insurance Innovations in a research report on Thursday, August 16th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $62.00 price target (up previously from $55.00) on shares of Health Insurance Innovations in a research report on Thursday, August 2nd. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Health Insurance Innovations has an average rating of “Buy” and an average price target of $47.07.

Shares of HIIQ stock opened at $51.40 on Friday. Health Insurance Innovations has a one year low of $12.65 and a one year high of $57.03. The company has a market cap of $937.33 million, a P/E ratio of 36.99 and a beta of 0.47.

In other news, CEO of HealthPocket, Inc. division Bruce Telkamp sold 7,517 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $43.20, for a total value of $324,734.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael W. Kosloske sold 1,300,000 shares of the stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $31.00, for a total transaction of $40,300,000.00. Following the completion of the sale, the insider now directly owns 100 shares of the company’s stock, valued at approximately $3,100. The disclosure for this sale can be found here. Insiders sold 1,342,524 shares of company stock valued at $41,925,031 in the last three months. Company insiders own 55.94% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in HIIQ. Quantbot Technologies LP acquired a new stake in Health Insurance Innovations during the 1st quarter valued at $139,000. Ladenburg Thalmann Financial Services Inc. acquired a new stake in Health Insurance Innovations during the 1st quarter valued at $143,000. MetLife Investment Advisors LLC acquired a new stake in Health Insurance Innovations during the 4th quarter valued at $144,000. Bayesian Capital Management LP acquired a new stake in Health Insurance Innovations during the 1st quarter valued at $217,000. Finally, Gamco Investors INC. ET AL acquired a new stake in Health Insurance Innovations during the 1st quarter valued at $217,000. 86.81% of the stock is owned by institutional investors.

About Health Insurance Innovations

Health Insurance Innovations, Inc operates as a cloud-based technology platform and distributor of individual and family health insurance plans, and supplemental products in the United States. It offers short-term medical plans that provides three months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits; and supplemental insurance products, including pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies.

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Earnings History and Estimates for Health Insurance Innovations (NASDAQ:HIIQ)

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