Q2 2019 EPS Estimates for Endurance International Group Stake Inc Boosted by Analyst (EIGI)

Q2 2019 EPS Estimates for Endurance International Group Stake Inc Boosted  by Analyst (EIGI)

Endurance International Group Holdings Inc (NASDAQ:EIGI) – Research analysts at SunTrust Banks lifted their Q2 2019 earnings estimates for Endurance International Group in a report issued on Tuesday, April 30th. SunTrust Banks analyst N. Khan now expects that the software maker will post earnings per share of ($0.03) for the quarter, up from their prior forecast of ($0.04). SunTrust Banks also issued estimates for Endurance International Group’s FY2019 earnings at ($0.07) EPS and FY2020 earnings at $0.03 EPS.

Endurance International Group (NASDAQ:EIGI) last posted its earnings results on Tuesday, April 30th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. Endurance International Group had a return on equity of 0.61% and a net margin of 0.09%. The company had revenue of $280.70 million for the quarter, compared to analyst estimates of $283.41 million. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year.

Other equities analysts have also issued research reports about the company. BidaskClub lowered Endurance International Group from a “sell” rating to a “strong sell” rating in a research note on Friday. ValuEngine lowered Endurance International Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research lowered Endurance International Group from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Finally, Goldman Sachs Group upgraded Endurance International Group from a “sell” rating to a “neutral” rating and set a $7.50 price target on the stock in a research note on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $8.63.

EIGI traded up $0.22 on Friday, hitting $5.10. The company had a trading volume of 2,176,147 shares, compared to its average volume of 866,479. Endurance International Group has a 12-month low of $4.74 and a 12-month high of $10.95. The company has a debt-to-equity ratio of 10.15, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market capitalization of $734.32 million, a PE ratio of 170.00 and a beta of 1.15.

In related news, insider David C. Bryson sold 4,848 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $7.40, for a total value of $35,875.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Marc Montagner sold 73,008 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $6.42, for a total value of $468,711.36. The disclosure for this sale can be found here. Insiders have sold 190,754 shares of company stock worth $1,243,407 in the last 90 days. Insiders own 50.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Endurance International Group by 92.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,453 shares of the software maker’s stock valued at $30,000 after buying an additional 2,144 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Endurance International Group by 16.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 38,245 shares of the software maker’s stock valued at $254,000 after acquiring an additional 5,537 shares during the period. Verition Fund Management LLC lifted its holdings in Endurance International Group by 46.9% in the third quarter. Verition Fund Management LLC now owns 19,847 shares of the software maker’s stock valued at $175,000 after acquiring an additional 6,341 shares during the period. California Public Employees Retirement System lifted its holdings in Endurance International Group by 3.1% in the first quarter. California Public Employees Retirement System now owns 226,969 shares of the software maker’s stock valued at $1,646,000 after acquiring an additional 6,748 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in Endurance International Group in the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 92.62% 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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