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Clover Well being Investments (NASDAQ:CLOV – Get Score) will announce its earnings outcomes after the market closes on Monday, August eighth. Analysts count on the corporate to announce earnings of ($0.23) per share for the quarter. Clover Well being Investments has set its FY 2022 steerage at EPS.Traders which can be all in favour of registering for the corporate’s convention name can accomplish that utilizing this hyperlink.
Clover Well being Investments (NASDAQ:CLOV – Get Score) final issued its earnings outcomes on Monday, Could ninth. The corporate reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.05. Clover Well being Investments had a destructive return on fairness of 112.18% and a destructive internet margin of 28.64%. The corporate had income of $874.38 million for the quarter, in comparison with analysts’ expectations of $815.42 million. On common, analysts count on Clover Well being Investments to publish $-1 EPS for the present fiscal 12 months and $-1 EPS for the following fiscal 12 months.
Clover Well being Investments Value Efficiency
Shares of NASDAQ:CLOV opened at $2.80 on Monday. The corporate has a present ratio of 1.16, a fast ratio of 1.16 and a debt-to-equity ratio of 0.04. The inventory’s fifty day easy shifting common is $2.46 and its two-hundred day easy shifting common is $2.71. Clover Well being Investments has a 1-year low of $1.95 and a 1-year excessive of $11.13. The inventory has a market cap of $1.33 billion, a PE ratio of -1.92 and a beta of 1.75.
Institutional Inflows and Outflows
A number of giant traders have just lately added to or decreased their stakes within the inventory. Vanguard Group Inc. elevated its stake in Clover Well being Investments by 0.8% within the 1st quarter. Vanguard Group Inc. now owns 26,087,528 shares of the corporate’s inventory price $92,611,000 after buying a further 200,177 shares through the interval. BlackRock Inc. grew its stake in Clover Well being Investments by 6.2% within the first quarter. BlackRock Inc. now owns 5,681,089 shares of the corporate’s inventory price $20,168,000 after buying a further 329,673 shares through the interval. Goldman Sachs Group Inc. grew its stake in Clover Well being Investments by 56.9% within the first quarter. Goldman Sachs Group Inc. now owns 2,199,256 shares of the corporate’s inventory price $7,807,000 after buying a further 797,158 shares through the interval. State Road Corp boosted its holdings in Clover Well being Investments by 8.0% within the first quarter. State Road Corp now owns 1,932,734 shares of the corporate’s inventory price $6,861,000 after buying a further 142,690 shares within the final quarter. Lastly, Charles Schwab Funding Administration Inc. boosted its holdings in Clover Well being Investments by 2.4% within the first quarter. Charles Schwab Funding Administration Inc. now owns 1,369,743 shares of the corporate’s inventory price $4,863,000 after buying a further 32,755 shares within the final quarter. Institutional traders personal 23.26% of the corporate’s inventory.
Clover Well being Investments Firm Profile
Clover Well being Investments, Corp. operates as a medicare benefit insurer in america. The corporate by way of its Clover Assistant, a software program platform that gives most well-liked supplier group and well being upkeep group well being plans for medicare-eligible shoppers. It additionally focuses on non-insurance companies.
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This immediate information alert was generated by narrative science expertise and monetary information from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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