Oppenheimer Weighs in on Endurance International Group Holdings Inc’s FY2018 Earnings (EIGI)

Endurance International Group Holdings Inc (NASDAQ:EIGI) – Equities research analysts at Oppenheimer increased their FY2018 EPS estimates for shares of Endurance International Group in a report released on Tuesday, November 6th. Oppenheimer analyst J. Helfstein now forecasts that the software maker will post earnings of ($0.13) per share for the year, up from their previous estimate of ($0.16). Oppenheimer currently has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for Endurance International Group’s Q4 2018 earnings at ($0.05) EPS and FY2019 earnings at ($0.06) EPS.

Other equities analysts have also recently issued research reports about the company. BidaskClub cut Endurance International Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 6th. ValuEngine raised Endurance International Group from a “hold” rating to a “buy” rating in a report on Friday, August 17th. Zacks Investment Research raised Endurance International Group from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, October 30th. TheStreet raised Endurance International Group from a “d+” rating to a “c” rating in a report on Friday, July 27th. Finally, SunTrust Banks reissued a “hold” rating and issued a $8.00 price objective on shares of Endurance International Group in a report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Endurance International Group presently has a consensus rating of “Hold” and an average price target of $9.21.

Shares of EIGI stock opened at $8.64 on Friday. The stock has a market capitalization of $1.37 billion, a PE ratio of -11.08 and a beta of 1.39. The company has a quick ratio of 0.41, a current ratio of 0.44 and a debt-to-equity ratio of 11.46. Endurance International Group has a 52-week low of $6.95 and a 52-week high of $10.95.

Endurance International Group (NASDAQ:EIGI) last issued its quarterly earnings data on Thursday, October 25th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The business had revenue of $283.77 million during the quarter, compared to analysts’ expectations of $284.53 million. Endurance International Group had a negative return on equity of 5.96% and a negative net margin of 0.68%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Endurance International Group by 4.2% in the 3rd quarter. BlackRock Inc. now owns 4,835,478 shares of the software maker’s stock worth $42,551,000 after purchasing an additional 193,309 shares during the period. Bank of New York Mellon Corp raised its holdings in Endurance International Group by 3.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 279,240 shares of the software maker’s stock worth $2,457,000 after purchasing an additional 9,180 shares during the period. AXA raised its holdings in Endurance International Group by 13.8% in the 3rd quarter. AXA now owns 356,008 shares of the software maker’s stock worth $3,133,000 after purchasing an additional 43,208 shares during the period. Hartford Investment Management Co. acquired a new position in Endurance International Group in the 3rd quarter worth about $218,000. Finally, Prudential Financial Inc. raised its holdings in Endurance International Group by 3.0% in the 3rd quarter. Prudential Financial Inc. now owns 453,430 shares of the software maker’s stock worth $3,990,000 after purchasing an additional 13,360 shares during the period. 91.63% of the stock is owned by institutional investors.

In related news, insider Barry Christine Timmins sold 22,863 shares of the company’s stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $8.83, for a total value of $201,880.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marc Montagner sold 9,424 shares of the company’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $9.20, for a total value of $86,700.80. The disclosure for this sale can be found here. Insiders sold a total of 32,608 shares of company stock valued at $291,348 in the last ninety days. 58.20% of the stock is currently owned by insiders.

About Endurance International Group

Endurance International Group Holdings, Inc, together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses worldwide. 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 with varying degrees of technical sophistication 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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Earnings History and Estimates for Endurance International Group (NASDAQ:EIGI)

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