Healthequity (NASDAQ:HQY) posted its quarterly earnings results on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.04, Briefing.com reports. The business had revenue of $56.80 million for the quarter, compared to analyst estimates of $55.27 million. Healthequity had a net margin of 20.27% and a return on equity of 13.93%. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS.
Healthequity (NASDAQ HQY) opened at $48.49 on Wednesday. The stock has a market cap of $2,955.48, a price-to-earnings ratio of 77.56, a PEG ratio of 2.14 and a beta of 1.74. Healthequity has a 52 week low of $37.62 and a 52 week high of $55.31.
A number of analysts have weighed in on HQY shares. Zacks Investment Research upgraded shares of Healthequity from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Wednesday, November 8th. Oppenheimer restated a “buy” rating and issued a $61.00 target price on shares of Healthequity in a research report on Wednesday, September 6th. Cantor Fitzgerald restated a “buy” rating and issued a $56.00 target price on shares of Healthequity in a research report on Tuesday, September 5th. Chardan Capital raised their target price on shares of Healthequity from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, BidaskClub upgraded shares of Healthequity from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $58.33.
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Healthequity Company Profile
HealthEquity, Inc provides a range of solutions for managing healthcare accounts (Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)) for health plans, insurance companies and third-party administrators. The Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions.
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