HealthEquity, Inc. (NASDAQ: HQY) provided recent stock & earning updates
HealthEquity, Inc. (NASDAQ: HQY) stock identified change of 18.08% away from 52-week down price and recently located move of -41.54% off 52-week up price. It has market worth of $4062.78M. HQY stock has been recorded -12.59% away from 200 day moving average. Moving closer, we can see that shares have been trading 6.05% off 20-day moving average.
HealthEquity, Inc. (NASDAQ: HQY), recently reported financial results for its second quarter ended July 31, 2019.
For the second quarter ended July 31, 2019, HealthEquity stated revenue of $86.6M, a raise of 22% contrast to $71.1M for the second quarter ended July 31, 2018. Revenue consisted of:
- Service revenue of $26.3M, a raise of 5% contrast to Q2 FY19.
- Custodial revenue of $43.6M, a raise of 42% contrast to Q2 FY19.
- Interchange revenue of $16.7M, a raise of 8% contrast to Q2 FY19.
Net income was $19.4M for the second quarter ended July 31, 2019, contrast to $22.5M for the second quarter ended July 31, 2018.
Net income per diluted share was $0.30 for the second quarter ended July 31, 2019, contrast to $0.36 for the second quarter ended July 31, 2018.
Non-GAAP net income per diluted share was $0.45 for the second quarter ended July 31, 2019, contrast to $0.36 for the second quarter ended July 31, 2018.
Adjusted EBITDA was $40.6M for the second quarter ended July 31, 2019, a raise of 28% contrast to $31.8M for the second quarter ended July 31, 2018. Adjusted EBITDA was 47% of revenue for the second quarter ended July 31, 2019, contrast to 45% for the second quarter ended July 31, 2018.
As of July 31, 2019, we had $815.2M of cash and cash equivalents and no outstanding debt. This compares to $361.5M in cash and cash equivalents and no outstanding debt as of January 31, 2019.
Business outlook
We have updated the HealthEquity standalone outlook for the year ending January 31, 2020. We expect our revenue to be between $341M and $347M. Our outlook for net income is a range of $9M to $13M, resulting in a net income per diluted share range of $0.13 to $0.19. Our Adjusted EBITDA outlook is a range of $138M to $142M. We also expect our non-GAAP net income to be in a range between $76M and $80M.
The Technology sector company, HealthEquity, Inc. noticed change of 1.30% to $59.38 along volume of 388543 shares in recent session compared to an average volume of 837.18K. The stock observed return of 0.02% in 5 days trading activity. The stock was at 8.87% over one month performance. HQY’s shares are at -23.77% for the quarter and driving a -37.32% return over the course of the past year and is now at -0.45% since this point in 2018.
