Endurance International Group Holdings Inc (EIGI) Expected to Post Earnings of -$0.03 Per Share

Equities analysts expect that Endurance International Group Holdings Inc (NASDAQ:EIGI) will report ($0.03) earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for Endurance International Group’s earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.07). Endurance International Group posted earnings of ($0.05) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 40%. The firm is expected to announce its next quarterly earnings report before the market opens on Tuesday, April 30th.

On average, analysts expect that Endurance International Group will report full year earnings of ($0.02) per share for the current year, with EPS estimates ranging from ($0.10) to $0.03. For the next fiscal year, analysts expect that the business will post earnings of $0.03 per share, with EPS estimates ranging from $0.01 to $0.04. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Endurance International Group.

Endurance International Group (NASDAQ:EIGI) last announced its earnings results on Thursday, February 7th. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.12. Endurance International Group had a negative net margin of 0.23% and a negative return on equity of 1.68%. The business had revenue of $282.40 million for the quarter, compared to analyst estimates of $283.21 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Endurance International Group’s revenue was down 4.0% compared to the same quarter last year.

Several equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Endurance International Group from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub lowered shares of Endurance International Group from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Finally, Goldman Sachs Group raised shares of Endurance International Group from a “sell” rating to a “neutral” rating and set a $7.50 price target on the stock in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $8.63.

Endurance International Group stock traded down $0.21 on Tuesday, hitting $6.54. The company’s stock had a trading volume of 20,684 shares, compared to its average volume of 749,157. The firm has a market capitalization of $981.97 million, a PE ratio of 217.05 and a beta of 1.29. The company has a debt-to-equity ratio of 10.15, a current ratio of 0.44 and a quick ratio of 0.44. Endurance International Group has a one year low of $5.87 and a one year high of $10.95.

In other news, CFO Marc Montagner sold 7,851 shares of the business’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $7.55, for a total value of $59,275.05. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David C. Bryson sold 4,848 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $7.40, for a total transaction of $35,875.20. The disclosure for this sale can be found here. Insiders sold a total of 23,840 shares of company stock worth $177,594 in the last 90 days. 50.80% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of Endurance International Group by 5.1% in the 3rd quarter. Renaissance Technologies LLC now owns 3,436,579 shares of the software maker’s stock valued at $30,242,000 after acquiring an additional 165,206 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Endurance International Group by 34.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,724,309 shares of the software maker’s stock valued at $15,174,000 after acquiring an additional 441,542 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Endurance International Group by 73.8% in the 3rd quarter. Legal & General Group Plc now owns 29,122 shares of the software maker’s stock valued at $256,000 after acquiring an additional 12,365 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Endurance International Group by 7.2% in the 3rd quarter. Teachers Advisors LLC now owns 133,340 shares of the software maker’s stock valued at $1,173,000 after acquiring an additional 8,915 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Endurance International Group by 4.2% in the 3rd quarter. BlackRock Inc. now owns 4,835,478 shares of the software maker’s stock valued at $42,551,000 after acquiring an additional 193,309 shares during the last quarter. Institutional investors own 92.60% 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 in the United States and internationally. 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 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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