Health Insurance confirms 2019 outlook, calls shares 'compelling value'
Health Insurance Innovations last night confirmed that it expects annual revenue for 2019 to grow 22% to 25% year-over-year to $430M-$440M, adjusted EBITDA to grow 21% to 30% year-over-year to $72M-$77.0M and adjusted net income per share to grow 23% to 29% to $3.20-$3.35. The consensus estimate for revenue is $438.39M and for earnings per share is $3.30. The company said it has repurchased $45.3M of HIIQ shares in the open market in 2019 and believes its shares "continue to represent a compelling value at current levels given the size of the market opportunities we are pursuing and our track record of delivering strong growth in revenues and earnings." Shares of Health Insurance Innovations closed yesterday up 82c to $31.29.