Oppenheimer Comments on Endurance International Group Holdings Inc’s Q3 2019 Earnings (EIGI)

Endurance International Group Holdings Inc (NASDAQ:EIGI) – Investment analysts at Oppenheimer issued their Q3 2019 earnings estimates for shares of Endurance International Group in a research note issued to investors on Monday, February 11th. Oppenheimer analyst J. Helfstein anticipates that the software maker will earn $0.02 per share for the quarter. Oppenheimer currently has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for Endurance International Group’s Q4 2019 earnings at $0.03 EPS and FY2019 earnings at $0.03 EPS.

Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Endurance International Group from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Tuesday, October 30th. ValuEngine upgraded Endurance International Group from a “hold” rating to a “buy” rating in a research note on Saturday, October 27th. TheStreet lowered Endurance International Group from a “c” rating to a “d+” rating in a research note on Friday, October 26th. BidaskClub upgraded Endurance International Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $8.00 price objective on shares of Endurance International Group in a research note on Thursday, October 25th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Endurance International Group currently has a consensus rating of “Hold” and an average target price of $9.21.

Shares of EIGI opened at $7.44 on Thursday. Endurance International Group has a 12-month low of $5.87 and a 12-month high of $10.95. The company has a debt-to-equity ratio of 11.46, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market cap of $1.09 billion, a P/E ratio of 248.00 and a beta of 1.51.

Endurance International Group (NASDAQ:EIGI) last issued its quarterly earnings results on Thursday, February 7th. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.12. Endurance International Group had a negative return on equity of 1.75% and a negative net margin of 0.23%. The firm had revenue of $282.40 million for the quarter, compared to analyst estimates of $283.21 million. During the same period in the previous year, the company posted $0.05 earnings per share. The company’s quarterly revenue was down 4.0% compared to the same quarter last year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital Research Global Investors boosted its holdings in shares of Endurance International Group by 2.8% in the 3rd quarter. Capital Research Global Investors now owns 8,123,677 shares of the software maker’s stock worth $71,488,000 after acquiring an additional 224,100 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Endurance International Group by 15.6% in the 3rd quarter. First Trust Advisors LP now owns 7,527,601 shares of the software maker’s stock worth $66,243,000 after acquiring an additional 1,014,662 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Endurance International Group by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,304,932 shares of the software maker’s stock worth $55,484,000 after acquiring an additional 261,849 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Endurance International Group by 4.3% in the 3rd quarter. Vanguard Group Inc now owns 6,304,932 shares of the software maker’s stock worth $55,484,000 after acquiring an additional 261,849 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Endurance International Group by 1.2% during the 4th quarter. BlackRock Inc. now owns 4,892,768 shares of the software maker’s stock worth $32,535,000 after buying an additional 57,290 shares in the last quarter. 91.36% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Marc Montagner sold 7,851 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $7.55, for a total value of $59,275.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 50.80% of the company’s stock.

About Endurance International Group

Endurance International Group Holdings, Inc, together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses worldwide. The company operates in three segments: Web Presence, Domain, and Email Marketing. It offers Web hosting services, including entry-level shared hosting, and virtual private server and dedicated hosting solutions; Website building tools that enable subscribers with varying degrees of technical sophistication to create a Web presence; domain registration, management, and resale services; malware protection solutions to protect subscribers' Websites from viruses, malicious code, and other threats; and backup control solutions that enable subscribers to schedule, maintain, manage, and restore backups of their online data and Websites.

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