Bankrate (RATE) Posts Quarterly Earnings, Hits Estimates
Bankrate (NYSE:RATE) posted its quarterly earnings results on Thursday. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.15, Analyst Ratings Net reports. The company had revenue of $130.90 million for the quarter, compared to the consensus estimate of $133.20 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis.
On the ratings front, analysts at RBC Capital upgraded shares of Bankrate from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 5th. They now have a $21.00 price target on the stock. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Bankrate currently has an average rating of “Buy” and an average price target of $21.86.
Bankrate (NYSE:RATE) traded down 0.30% on Thursday, hitting $16.49. 593,147 shares of the company’s stock traded hands. Bankrate has a 52-week low of $14.44 and a 52-week high of $23.14. The stock’s 50-day moving average is $17.39 and its 200-day moving average is $17.0. The company’s market cap is $1.727 billion.
Bankrate, Inc (NYSE:RATE) is a publisher, aggregator and distributor of personal finance content on the Internet.
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