Black Knight Financial Services, Inc. (BKFS) Set to Announce Quarterly Earnings on Wednesday
Black Knight Financial Services, Inc. (NYSE:BKFS) is set to announce its earnings results after the market closes on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Black Knight Financial Services has set its FY17 guidance at $1.34-1.38 EPS.
Black Knight Financial Services (NYSE:BKFS) last posted its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.30 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.30. The business had revenue of $259.50 million during the quarter, compared to analysts’ expectations of $256.46 million. Black Knight Financial Services had a net margin of 4.46% and a return on equity of 7.76%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.27 earnings per share. On average, analysts expect Black Knight Financial Services to post $1.36 EPS for the current fiscal year and $1.60 EPS for the next fiscal year.
Black Knight Financial Services, Inc. (BKFS) opened at 41.80 on Monday. The firm has a 50 day moving average of $39.26 and a 200-day moving average of $38.49. The stock has a market cap of $2.84 billion, a PE ratio of 60.58 and a beta of 0.74. Black Knight Financial Services, Inc. has a 12-month low of $34.00 and a 12-month high of $42.20.
Several research firms have commented on BKFS. BidaskClub upgraded shares of Black Knight Financial Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Zacks Investment Research cut shares of Black Knight Financial Services from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Finally, TheStreet upgraded shares of Black Knight Financial Services from a “c” rating to a “b-” rating in a report on Friday, May 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Black Knight Financial Services currently has a consensus rating of “Buy” and a consensus price target of $41.00.
In other news, COO Anthony Orefice sold 30,000 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $38.50, for a total value of $1,155,000.00. Following the completion of the transaction, the chief operating officer now owns 121,173 shares in the company, valued at approximately $4,665,160.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director H. Lee Equity Fund Vi Thomas sold 750,000 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $41.90, for a total transaction of $31,425,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 840,000 shares of company stock valued at $34,915,200. Company insiders own 30.91% of the company’s stock.
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About Black Knight Financial Services
Black Knight Financial Services, Inc is a holding company. The Company, through its subsidiaries, provides integrated technology, workflow automation, and data and analytics to the mortgage and real estate industries. The Company’s segments include Technology, and Data and Analytics. The Company’s Technology segment offers software and hosting solutions that support loan servicing, loan origination and settlement services.
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