Health Insurance Innovations, Inc. (NASDAQ:HIIQ) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.45-1.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.53. The company issued revenue guidance of $225-230 million, compared to the consensus revenue estimate of $230.37 million.
Shares of Health Insurance Innovations, Inc. (NASDAQ HIIQ) traded up 0.92% during midday trading on Monday, hitting $21.95. 960,475 shares of the stock were exchanged. Health Insurance Innovations, Inc. has a 12-month low of $4.00 and a 12-month high of $37.38. The firm has a market cap of $273.69 million, a PE ratio of 17.76 and a beta of 0.65. The firm has a 50-day moving average price of $30.30 and a 200 day moving average price of $22.93.
Health Insurance Innovations (NASDAQ:HIIQ) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.13. The business had revenue of $61.80 million during the quarter, compared to the consensus estimate of $53.69 million. Health Insurance Innovations had a return on equity of 22.89% and a net margin of 5.56%. The business’s revenue for the quarter was up 38.9% compared to the same quarter last year. Analysts predict that Health Insurance Innovations, Inc. will post $1.53 earnings per share for the current fiscal year.
Several research analysts recently weighed in on HIIQ shares. ValuEngine downgraded shares of Health Insurance Innovations from a buy rating to a hold rating in a research note on Monday, August 14th. Zacks Investment Research raised shares of Health Insurance Innovations from a hold rating to a buy rating and set a $33.00 target price for the company in a research note on Friday, August 4th. Canaccord Genuity reissued a buy rating and issued a $39.00 target price on shares of Health Insurance Innovations in a research note on Friday, September 1st. Cantor Fitzgerald reissued a buy rating and issued a $38.00 target price on shares of Health Insurance Innovations in a research note on Friday, September 1st. Finally, Craig Hallum reissued a buy rating and issued a $38.00 target price (up previously from $28.00) on shares of Health Insurance Innovations in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $31.33.
In other news, CFO Michael D. Hershberger sold 5,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $23.22, for a total transaction of $116,100.00. Following the completion of the transaction, the chief financial officer now owns 105,369 shares of the company’s stock, valued at approximately $2,446,668.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Bruce Telkamp sold 30,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $26.68, for a total transaction of $800,400.00. Following the transaction, the chief executive officer now directly owns 104,001 shares of the company’s stock, valued at approximately $2,774,746.68. The disclosure for this sale can be found here. Insiders sold a total of 194,827 shares of company stock valued at $5,595,708 in the last three months. 30.00% of the stock is currently owned by corporate insiders.
COPYRIGHT VIOLATION WARNING: This news story was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.chaffeybreeze.com/2017/09/25/health-insurance-innovations-inc-hiiq-updates-fy17-earnings-guidance.html.
About Health Insurance Innovations
Health Insurance Innovations, Inc is a developer, distributor and cloud-based administrator of individual and family health insurance plans (IFPs) and supplemental products, which include short-term medical (STM) insurance plans, and guaranteed-issue and underwritten hospital indemnity plans. The Company also develops, distributes and administers supplemental products, which include a range of additional insurance and non-insurance products, such as pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies that are purchased as supplements to IFP.
Receive News & Ratings for Health Insurance Innovations Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Health Insurance Innovations Inc. and related companies with MarketBeat.com's FREE daily email newsletter.