Endurance International Group Holdings Inc (EIGI) Expected to Announce Earnings of -$0.22 Per Share

Wall Street analysts expect that Endurance International Group Holdings Inc (NASDAQ:EIGI) will post ($0.22) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Endurance International Group Holdings’ earnings. The highest EPS estimate is ($0.18) and the lowest is ($0.25). Endurance International Group Holdings reported earnings per share of $0.14 during the same quarter last year, which would suggest a negative year-over-year growth rate of 257.1%. The company is expected to announce its next earnings report before the market opens on Tuesday, May 2nd.

According to Zacks, analysts expect that Endurance International Group Holdings will report full-year earnings of ($0.72) per share for the current financial year, with EPS estimates ranging from ($0.88) to ($0.59). For the next fiscal year, analysts anticipate that the business will post earnings of $0.34 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Endurance International Group Holdings.

Endurance International Group Holdings (NASDAQ:EIGI) last posted its quarterly earnings results on Thursday, February 16th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.24. The firm earned $292.10 million during the quarter, compared to analyst estimates of $277.58 million. Endurance International Group Holdings had a positive return on equity of 18.29% and a negative net margin of 4.66%. Endurance International Group Holdings’s quarterly revenue was up 51.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) EPS.

A number of analysts have weighed in on EIGI shares. Goldman Sachs Group Inc lowered Endurance International Group Holdings from a “neutral” rating to a “sell” rating and set a $7.00 target price on the stock. in a research note on Tuesday, January 3rd. Zacks Investment Research upgraded Endurance International Group Holdings from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Tuesday, January 3rd. Jefferies Group LLC increased their target price on Endurance International Group Holdings from $9.50 to $10.50 and gave the stock a “buy” rating in a research note on Friday, February 17th. Morgan Stanley reiterated an “underweight” rating and issued a $8.50 target price on shares of Endurance International Group Holdings in a research note on Tuesday, February 21st. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $9.00 target price on shares of Endurance International Group Holdings in a research note on Wednesday, March 29th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $10.14.

Shares of Endurance International Group Holdings (NASDAQ:EIGI) traded up 2.08% during trading on Monday, reaching $7.35. The company’s stock had a trading volume of 368,374 shares. The stock’s market capitalization is $1.04 billion. Endurance International Group Holdings has a 12-month low of $6.20 and a 12-month high of $11.19. The firm’s 50-day moving average is $7.63 and its 200-day moving average is $8.02.

In other news, CFO Marc Montagner sold 102,282 shares of the stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $7.64, for a total transaction of $781,434.48. Following the transaction, the chief financial officer now owns 307,400 shares of the company’s stock, valued at approximately $2,348,536. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David C. Bryson sold 5,517 shares of the stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $7.65, for a total value of $42,205.05. Following the transaction, the insider now directly owns 369,625 shares in the company, valued at approximately $2,827,631.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,181 shares of company stock worth $826,642. Insiders own 56.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Stoneridge Investment Partners LLC purchased a new position in Endurance International Group Holdings during the third quarter worth about $2,258,000. Wells Fargo & Company MN increased its position in Endurance International Group Holdings by 43.8% in the third quarter. Wells Fargo & Company MN now owns 5,969,355 shares of the software maker’s stock worth $52,232,000 after buying an additional 1,819,253 shares during the last quarter. New York State Common Retirement Fund increased its position in Endurance International Group Holdings by 280.9% in the third quarter. New York State Common Retirement Fund now owns 225,896 shares of the software maker’s stock worth $1,977,000 after buying an additional 166,596 shares during the last quarter. Spark Investment Management LLC purchased a new position in Endurance International Group Holdings during the third quarter worth about $605,000. Finally, Profund Advisors LLC increased its position in Endurance International Group Holdings by 14.4% in the third quarter. Profund Advisors LLC now owns 59,239 shares of the software maker’s stock worth $518,000 after buying an additional 7,470 shares during the last quarter. 85.90% of the stock is currently owned by institutional investors and hedge funds.

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About Endurance International Group Holdings

Endurance International Group Holdings, Inc (Endurance) is a provider of cloud-based platform solutions designed to help small and medium-sized businesses (SMBs) succeed online. The Company operates through two segments: Web Presence and Email Marketing. The Company’s Web presence segment consists of Web hosting, domains and the related products and services.

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