Endurance International Group Holdings Inc (EIGI) Expected to Announce Quarterly Sales of $289.98 Million

Equities research analysts expect Endurance International Group Holdings Inc (NASDAQ:EIGI) to announce $289.98 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Endurance International Group Holdings’ earnings. The lowest sales estimate is $288 million and the highest is $292 million. Endurance International Group Holdings posted sales of $197.4 million during the same quarter last year, which suggests a positive year-over-year growth rate of 46.9%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, August 1st.

On average, analysts expect that Endurance International Group Holdings will report full year sales of $289.98 million for the current fiscal year, with estimates ranging from $1.16 billion to $1.17 billion. For the next financial year, analysts forecast that the business will post sales of $1.17 billion per share, with estimates ranging from $1.12 billion to $1.2 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Endurance International Group Holdings.

Endurance International Group Holdings (NASDAQ:EIGI) last released its quarterly earnings results on Tuesday, May 2nd. The software maker reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. The business had revenue of $295.10 million during the quarter, compared to analysts’ expectations of $286.89 million. Endurance International Group Holdings had a positive return on equity of 18.29% and a negative net margin of 4.66%. The company’s revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS.

Several research firms recently commented on EIGI. Morgan Stanley reiterated an “underweight” rating and issued a $8.50 target price on shares of Endurance International Group Holdings in a research note on Tuesday, February 21st. Zacks Investment Research upgraded Endurance International Group Holdings from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Wednesday, February 22nd. Jefferies Group LLC upped their price target on Endurance International Group Holdings from $9.50 to $10.50 and gave the stock a “buy” rating in a research note on Friday, February 17th. ValuEngine upgraded Endurance International Group Holdings from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 11th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $9.00 price target on shares of Endurance International Group Holdings in a research note on Wednesday, March 29th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Endurance International Group Holdings currently has a consensus rating of “Hold” and a consensus price target of $8.83.

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In other Endurance International Group Holdings news, insider John Orlando sold 7,355 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $7.33, for a total transaction of $53,912.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David C. Bryson sold 5,517 shares of the company’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $7.65, for a total value of $42,205.05. Following the sale, the insider now owns 369,625 shares of the company’s stock, valued at $2,827,631.25. The disclosure for this sale can be found here. Insiders have sold 153,268 shares of company stock valued at $1,180,637 over the last 90 days. 56.50% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in EIGI. Numeric Investors LLC purchased a new stake in shares of Endurance International Group Holdings during the fourth quarter valued at approximately $1,335,000. Tudor Investment Corp Et Al purchased a new stake in shares of Endurance International Group Holdings during the fourth quarter valued at approximately $241,000. Warburg Pincus LLC raised its stake in shares of Endurance International Group Holdings by 0.4% in the fourth quarter. Warburg Pincus LLC now owns 52,562,956 shares of the software maker’s stock valued at $488,835,000 after buying an additional 184,300 shares in the last quarter. Menta Capital LLC raised its stake in shares of Endurance International Group Holdings by 14.0% in the fourth quarter. Menta Capital LLC now owns 221,658 shares of the software maker’s stock valued at $2,061,000 after buying an additional 27,221 shares in the last quarter. Finally, Zebra Capital Management LLC purchased a new stake in shares of Endurance International Group Holdings during the fourth quarter valued at approximately $169,000. Institutional investors own 85.90% of the company’s stock.

Endurance International Group Holdings Company Profile

Endurance International Group Holdings, Inc (Endurance) is a provider of cloud-based platform solutions designed to help small and medium-sized businesses (SMBs) succeed online. The Company operates through two segments: Web Presence and Email Marketing. The Company’s Web presence segment consists of Web hosting, domains and the related products and services.

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