Bankrate, Inc. (NYSE:RATE) to Release Earnings on Wednesday
Bankrate, Inc. (NYSE:RATE) will release its earnings data after the market closes on Wednesday, August 2nd. Analysts expect Bankrate to post earnings of $0.14 per share for the quarter.
Bankrate (NYSE:RATE) last issued its quarterly earnings data on Thursday, May 4th. The bank reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Bankrate had a negative net margin of 8.64% and a positive return on equity of 6.66%. The business had revenue of $118.70 million during the quarter, compared to analyst estimates of $116.18 million. During the same period last year, the business posted $0.12 earnings per share. Bankrate’s quarterly revenue was up 27.2% compared to the same quarter last year. On average, analysts expect Bankrate to post $0.70 EPS for the current fiscal year and $0.82 EPS for the next fiscal year.
Shares of Bankrate, Inc. (RATE) opened at 13.85 on Wednesday. Bankrate, Inc. has a one year low of $6.91 and a one year high of $14.25. The firm has a 50-day moving average of $12.57 and a 200 day moving average of $11.10. The stock’s market capitalization is $1.23 billion.
RATE has been the subject of several research reports. BidaskClub raised shares of Bankrate from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Stephens cut shares of Bankrate from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective for the company. in a research report on Friday, July 7th. ValuEngine cut shares of Bankrate from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Bankrate from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Finally, Needham & Company LLC cut shares of Bankrate from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Bankrate currently has an average rating of “Hold” and a consensus price target of $12.31.
In other news, CEO Christopher J. Speltz sold 12,300 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $11.95, for a total value of $146,985.00. Following the completion of the sale, the chief executive officer now owns 279,733 shares of the company’s stock, valued at approximately $3,342,809.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Speltz sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $10.95, for a total transaction of $136,875.00. Following the completion of the sale, the chief executive officer now directly owns 292,233 shares of the company’s stock, valued at approximately $3,199,951.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,245 shares of company stock valued at $409,896. 6.30% of the stock is owned by corporate insiders.
Bankrate Company Profile
Bankrate, Inc is a publisher, aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories, including mortgages, deposits, credit cards, senior care and other personal finance categories. The Company’s segments include Banking, Credit Cards, Senior Care and Other.
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