WebMD Health Corp. (NASDAQ:WBMD) – Equities researchers at KeyCorp issued their FY2018 earnings estimates for WebMD Health Corp. in a research note issued to investors on Thursday. KeyCorp analyst D. Hooker expects that the brokerage will earn $2.20 per share for the year. KeyCorp currently has a “Buy” rating on the stock.
WebMD Health Corp. (NASDAQ:WBMD) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The firm had revenue of $167.60 million for the quarter, compared to analysts’ expectations of $165.46 million. WebMD Health Corp. had a return on equity of 40.02% and a net margin of 11.05%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS.
Several other analysts also recently weighed in on WBMD. Vetr upgraded WebMD Health Corp. from a “hold” rating to a “strong-buy” rating and set a $71.50 target price for the company in a research note on Monday, July 11th. Leerink Swann restated a “buy” rating on shares of WebMD Health Corp. in a research note on Wednesday, September 28th. Zacks Investment Research upgraded WebMD Health Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 20th. Mizuho restated a “buy” rating and set a $63.00 target price (down from $68.00) on shares of WebMD Health Corp. in a research note on Monday, September 19th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $75.00 target price on shares of WebMD Health Corp. in a research note on Wednesday, June 22nd. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $64.79.
Shares of WebMD Health Corp. (NASDAQ:WBMD) traded up 0.67% during trading on Monday, reaching $49.88. The company had a trading volume of 79,508 shares. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 30.71 and a beta of 0.57. WebMD Health Corp. has a 52-week low of $40.51 and a 52-week high of $67.55. The stock has a 50 day moving average of $51.21 and a 200 day moving average of $58.77.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new position in WebMD Health Corp. during the first quarter valued at about $115,000. LS Investment Advisors LLC acquired a new position in WebMD Health Corp. during the second quarter valued at about $134,000. BlackRock Inc. raised its position in WebMD Health Corp. by 131.1% in the first quarter. BlackRock Inc. now owns 2,491 shares of the company’s stock valued at $156,000 after buying an additional 1,413 shares during the period. Tower Research Capital LLC TRC raised its position in WebMD Health Corp. by 11,003.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,553 shares of the company’s stock valued at $207,000 after buying an additional 3,521 shares during the period. Finally, Smithfield Trust Co. raised its position in WebMD Health Corp. by 23.4% in the second quarter. Smithfield Trust Co. now owns 3,690 shares of the company’s stock valued at $215,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 84.19% 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, employers and health plans through its public and private online portals, mobile platforms and health-focused publications. The WebMD Health Network includes: www.WebMD.com, its primary public portal for consumers and related mobile-optimized sites and mobile apps; www.Medscape.com, its primary public portal for physicians and other healthcare professionals and related mobile services; and other sites through which, the Company provides its branded health and wellness content, tools and services.
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