Healthequity Inc Stock Price, News & Analysis

HealthEquity plans to disclose its fiscal year-end sales results on February 8, 2021, after market close. Following this, management will conduct a conference call at 4:30 p.m. ET to discuss the year-end sales data.

Additionally, HealthEquity's management will participate in several virtual investor conferences throughout February and March 2021, aiming to engage with investors and expand its market presence.

HealthEquity (NASDAQ: HQY) announced it will disclose final sales results for fiscal year 2021 on February 8, 2021. The company estimates a rise in HSA members to 5.7-5.8 million and HSA assets to $13.6-$13.8 billion by January 31, 2021. Additionally, HSA cash is expected to reach $9.6-$9.7 billion, with investments growing to $4.0-$4.1 billion. The outlook for HSA cash yield for fiscal year 2022 has been raised to 1.75%-1.80%. The company will discuss these results during the JP Morgan Healthcare Conference on January 13, 2021.

HealthEquity (NASDAQ: HQY) reported strong Q3 FY20 results with a revenue increase of 14% year-over-year, reaching $179.4 million. The company achieved a net income of $1.8 million and a non-GAAP net income of $32.2 million, compared to a net loss of $21.3 million in Q3 FY20. Adjusted EBITDA was $61.1 million, up 10%. Notably, HSAs rose to 5.5 million, a 9% increase, while total HSA assets surged 19% to $12.4 billion. Looking ahead, the company projects FY21 revenues between $725 million and $731 million.

HealthEquity, Inc. (NASDAQ: HQY) has appointed Stuart Parker to its Board of Directors, effective immediately. Parker brings over 15 years of executive experience in the insurance and financial planning sectors, most notably as the former President and CEO of USAA. His addition returns the board to 10 members, with 8 being independent. The board chairman expressed confidence in Parker's capability to drive growth and enhance customer loyalty. HealthEquity serves over 12 million accounts, focusing on connecting health and wealth through innovative consumer-directed benefits.

HealthEquity, the largest independent HSA custodian, announced it will release its third quarter fiscal year 2021 financial results on December 7, 2020. The release will occur after the market closes, followed by a conference call at 4:30 p.m. ET to discuss the results. HealthEquity serves over 12 million accounts, focusing on connecting health and wealth through HSAs and consumer-directed benefits.

HealthEquity has released the 14th edition of The Complete HSA Guidebook, focusing on health savings accounts (HSAs). This updated edition includes vital updates reflecting the latest healthcare reforms and tax changes, such as insights from the CARES Act. As of now, the industry boasts 29.3 million HSAs with assets totaling $73.5 billion, with projections suggesting growth to 35 million accounts and over $100 billion in assets by the end of 2022. The guidebook aims to assist employers in understanding HSAs and encouraging consumers to manage their health and wealth effectively.

HealthEquity has been recognized by ADP Marketplace with two significant honors for the period ending June 30, 2020. The company was awarded the 2020 ADP Marketplace Top Closer for achieving the highest lead conversion rate through effective collaboration and understanding of the ADP sales process. Additionally, HealthEquity has been designated as an ADP Marketplace Platinum Partner, a status achieved by only 20% of its partners. These accolades highlight HealthEquity's commitment to enhancing integration and delivering cohesive benefits solutions for ADP clients.

HealthEquity (NASDAQ: HQY) reported impressive Q2 results for the fiscal year ending July 31, 2020, with revenue reaching $176.0 million, a 103% increase from $86.6 million in Q2 FY20. Despite a net loss of $0.1 million, the company achieved a non-GAAP net income of $30.1 million, or $0.42 per diluted share. Adjusted EBITDA was $60.0 million, up 48% year-over-year. Total HSA Assets grew to $12.2 billion, reflecting a 43% year-over-year increase. HealthEquity also completed its WageWorks acquisition, surpassing synergy targets with an increased target of $80 million.

HealthEquity (NASDAQ: HQY) will release its second quarter fiscal year 2021 financial results on September 8, 2020, after market close. A conference call will follow at 4:30 p.m. ET to discuss the results. The company will also participate in several virtual investor conferences, including the Wells Fargo Healthcare Conference on September 9 and the RW Baird Healthcare Conference on September 10. HealthEquity is the largest independent HSA custodian, managing over 12 million accounts.