Healthequity Inc (NASDAQ:HQY) Expected to Announce Earnings of $0.24 Per Share

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Wall Street brokerages expect that Healthequity Inc (NASDAQ:HQY) will announce earnings of $0.24 per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Healthequity’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.13. Healthequity posted earnings of $0.27 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 11.1%. The business is expected to announce its next earnings report after the market closes on Tuesday, February 18th.

On average, analysts expect that Healthequity will report full year earnings of $1.56 per share for the current financial year, with EPS estimates ranging from $1.49 to $1.73. For the next year, analysts forecast that the business will report earnings of $1.80 per share, with EPS estimates ranging from $1.58 to $1.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Healthequity.

Healthequity (NASDAQ:HQY) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.33. Healthequity had a net margin of 13.03% and a return on equity of 11.31%. The firm had revenue of $157.12 million during the quarter, compared to the consensus estimate of $152.38 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The business’s revenue was up 122.9% compared to the same quarter last year.

A number of research analysts have recently issued reports on the stock. KeyCorp lifted their price objective on shares of Healthequity from $80.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday. Barrington Research reiterated a “buy” rating and set a $86.00 price objective on shares of Healthequity in a report on Wednesday. ValuEngine upgraded shares of Healthequity from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Wells Fargo & Co lifted their price objective on shares of Healthequity from $80.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Deutsche Bank lifted their price objective on shares of Healthequity from $74.00 to $88.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $80.33.

HQY traded up $0.85 during midday trading on Friday, hitting $87.73. The company had a trading volume of 673,446 shares, compared to its average volume of 718,151. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 102.01, a PEG ratio of 2.60 and a beta of 1.44. The stock’s 50 day moving average price is $72.97 and its 200 day moving average price is $65.15. Healthequity has a 52 week low of $50.87 and a 52 week high of $88.78. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 1.25.

In related news, EVP Larry L. Trittschuh sold 6,420 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $68.65, for a total transaction of $440,733.00. Following the transaction, the executive vice president now directly owns 16,143 shares in the company, valued at $1,108,216.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Darcy G. Mott sold 4,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $72.93, for a total transaction of $291,720.00. Following the transaction, the chief financial officer now owns 31,801 shares in the company, valued at $2,319,246.93. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,413 shares of company stock worth $2,955,616. 3.70% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Lenox Wealth Advisors LLC purchased a new position in Healthequity during the fourth quarter worth about $28,000. Nvwm LLC purchased a new position in Healthequity during the third quarter worth about $30,000. Nisa Investment Advisors LLC boosted its stake in Healthequity by 76.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 600 shares of the company’s stock valued at $44,000 after acquiring an additional 260 shares during the last quarter. Aigen Investment Management LP purchased a new position in Healthequity in the fourth quarter valued at about $76,000. Finally, Quadrant Capital Group LLC boosted its stake in Healthequity by 14.0% in the third quarter. Quadrant Capital Group LLC now owns 1,562 shares of the company’s stock valued at $88,000 after acquiring an additional 192 shares during the last quarter. Institutional investors and hedge funds own 96.45% of the company’s stock.

About Healthequity

HealthEquity, Inc provides various solutions for managing health care accounts, health reimbursement arrangements, and flexible spending accounts for health plans, insurance companies, and third-party administrators in the United States. The company offers healthcare saving and spending platform, a cloud-based platform for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.

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Earnings History and Estimates for Healthequity (NASDAQ:HQY)

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