Healthequity (HQY) Updates FY 2019 Earnings Guidance

Healthequity (NASDAQ:HQY) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.06-1.13 for the period. The company issued revenue guidance of $281-285 million.

Shares of NASDAQ:HQY traded down $6.11 during trading on Tuesday, reaching $83.60. The stock had a trading volume of 993,283 shares, compared to its average volume of 637,774. Healthequity has a 52 week low of $42.92 and a 52 week high of $101.58. The stock has a market capitalization of $5.50 billion, a P/E ratio of 154.81, a price-to-earnings-growth ratio of 3.08 and a beta of 1.37.

Healthequity (NASDAQ:HQY) last posted its earnings results on Tuesday, September 4th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. Healthequity had a net margin of 23.81% and a return on equity of 12.58%. The company had revenue of $71.10 million during the quarter, compared to analysts’ expectations of $69.84 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. Healthequity’s quarterly revenue was up 25.0% compared to the same quarter last year. On average, analysts anticipate that Healthequity will post 0.87 earnings per share for the current fiscal year.

Several research analysts recently weighed in on the stock. Barrington Research restated an outperform rating and issued a $100.00 price objective on shares of Healthequity in a research report on Wednesday, September 5th. They noted that the move was a valuation call. KeyCorp boosted their price objective on shares of Healthequity from $90.00 to $105.00 and gave the stock an overweight rating in a research report on Tuesday, September 4th. BidaskClub cut shares of Healthequity from a buy rating to a hold rating in a research report on Tuesday, November 20th. Zacks Investment Research cut shares of Healthequity from a buy rating to a hold rating in a research report on Tuesday, November 20th. Finally, Oppenheimer boosted their price objective on shares of Healthequity from $85.00 to $104.00 and gave the stock an outperform rating in a research report on Wednesday, September 5th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $93.08.

In related news, VP Darcy G. Mott sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The shares were sold at an average price of $87.01, for a total value of $348,040.00. Following the completion of the transaction, the vice president now owns 92,500 shares in the company, valued at approximately $8,048,425. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 12,000 shares of company stock valued at $1,027,400 in the last 90 days. 4.00% of the stock is currently owned by corporate insiders.

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Healthequity Company Profile

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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