Brokerages Anticipate Ebix, Inc. (EBIX) Will Post Earnings of $0.74 Per Share
Analysts expect Ebix, Inc. (NASDAQ:EBIX) to announce earnings of $0.74 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Ebix’s earnings, with the highest EPS estimate coming in at $0.76 and the lowest estimate coming in at $0.71. Ebix also posted earnings per share of $0.74 in the same quarter last year. The company is expected to announce its next earnings results on Wednesday, November 8th.
On average, analysts expect that Ebix will report full year earnings of $3.07 per share for the current year, with EPS estimates ranging from $2.99 to $3.14. For the next financial year, analysts forecast that the business will post earnings of $3.42 per share, with EPS estimates ranging from $3.12 to $3.71. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Ebix.
Ebix (NASDAQ:EBIX) last issued its earnings results on Tuesday, August 8th. The technology company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.07. The business had revenue of $87.39 million during the quarter, compared to analysts’ expectations of $81.35 million. Ebix had a return on equity of 22.02% and a net margin of 30.69%.
Several research analysts recently issued reports on EBIX shares. BidaskClub upgraded shares of Ebix from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. William Blair started coverage on shares of Ebix in a research note on Wednesday, September 27th. They issued an “outperform” rating for the company. Zacks Investment Research upgraded shares of Ebix from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Craig Hallum increased their price target on shares of Ebix to $80.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $80.00.
Shares of Ebix (EBIX) traded up $1.30 during trading on Friday, hitting $68.85. The stock had a trading volume of 165,551 shares, compared to its average volume of 141,683. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $2.17 billion, a PE ratio of 22.43, a PEG ratio of 2.25 and a beta of 1.75. Ebix has a 1-year low of $52.40 and a 1-year high of $68.95.
Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Ebix by 120,181.3% in the 1st quarter. BlackRock Inc. now owns 2,785,714 shares of the technology company’s stock worth $170,625,000 after acquiring an additional 2,783,398 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Ebix during the 1st quarter valued at about $1,218,000. Vanguard Group Inc. grew its position in Ebix by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 2,103,333 shares of the technology company’s stock valued at $128,830,000 after purchasing an additional 99,789 shares during the last quarter. Century Capital Management LLC grew its position in Ebix by 2.6% during the 2nd quarter. Century Capital Management LLC now owns 85,314 shares of the technology company’s stock valued at $4,598,000 after purchasing an additional 2,165 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Ebix by 50.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 103,347 shares of the technology company’s stock valued at $5,571,000 after purchasing an additional 34,570 shares during the last quarter. Institutional investors own 61.14% of the company’s stock.
Ebix, Inc (Ebix) is a supplier of software and e-commerce solutions to the insurance industry. Ebix provides application software products for the insurance industry, including carrier systems, agency systems and exchanges, as well as custom software development. Ebix conducts its operations through four channels, which include Exchanges, Carrier Systems, Broker Systems and Risk Compliance Solutions (RCS).
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