Bankrate, Inc. (RATE) Scheduled to Post Quarterly Earnings on Wednesday
Bankrate, Inc. (NYSE:RATE) is scheduled to announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.22 per share for the quarter.
Bankrate (NYSE:RATE) last issued its earnings results on Monday, August 7th. The bank reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Bankrate had a negative net margin of 4.61% and a positive return on equity of 6.50%. The firm had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $117.60 million. During the same quarter last year, the firm earned $0.01 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, analysts expect Bankrate to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Bankrate, Inc. (RATE) opened at 13.90 on Wednesday. Bankrate, Inc. has a 52 week low of $7.10 and a 52 week high of $14.25. The firm has a 50-day moving average price of $13.91 and a 200-day moving average price of $12.60. The stock’s market cap is $1.24 billion.
RATE has been the subject of several analyst reports. BidaskClub cut Bankrate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 30th. Stephens cut Bankrate from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective for the company. in a report on Friday, July 7th. Needham & Company LLC cut Bankrate from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Sidoti cut Bankrate from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a report on Monday, July 3rd. Finally, Zacks Investment Research cut Bankrate from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Bankrate presently has an average rating of “Hold” and a consensus target price of $13.33.
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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