$96.33 Million in Sales Expected for Ebix Inc (EBIX) This Quarter

Equities research analysts expect Ebix Inc (NASDAQ:EBIX) to report sales of $96.33 million for the current quarter, according to Zacks. Two analysts have provided estimates for Ebix’s earnings, with the lowest sales estimate coming in at $96.00 million and the highest estimate coming in at $96.65 million. Ebix reported sales of $80.05 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 20.3%. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that Ebix will report full year sales of $96.33 million for the current year, with estimates ranging from $355.29 million to $355.94 million. For the next fiscal year, analysts forecast that the business will post sales of $411.84 million per share, with estimates ranging from $400.89 million to $422.79 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Ebix.

Ebix (NASDAQ:EBIX) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.02. Ebix had a net margin of 29.08% and a return on equity of 21.31%.

EBIX has been the topic of several analyst reports. Sidoti increased their target price on shares of Ebix from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Zacks Investment Research upgraded shares of Ebix from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Tuesday, January 2nd. Craig Hallum reiterated a “buy” rating and issued a $87.00 target price (up from $80.00) on shares of Ebix in a report on Thursday, November 9th. Finally, William Blair initiated coverage on shares of Ebix in a report on Wednesday, September 27th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $88.67.

In other news, CFO Sean T. Donaghy sold 600 shares of Ebix stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $75.56, for a total value of $45,336.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Leon Royden Thomas D’apice sold 3,500 shares of Ebix stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $77.45, for a total transaction of $271,075.00. Following the completion of the transaction, the executive vice president now directly owns 63,971 shares of the company’s stock, valued at approximately $4,954,553.95. The disclosure for this sale can be found here. In the last three months, insiders sold 6,950 shares of company stock valued at $525,316. Insiders own 13.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Riverhead Capital Management LLC lifted its stake in shares of Ebix by 69.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,865 shares of the technology company’s stock worth $101,000 after buying an additional 765 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Ebix during the 2nd quarter worth about $121,000. Victory Capital Management Inc. raised its stake in Ebix by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,621 shares of the technology company’s stock worth $141,000 after purchasing an additional 392 shares in the last quarter. Pinebridge Investments L.P. raised its stake in Ebix by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,867 shares of the technology company’s stock worth $154,000 after purchasing an additional 32 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Ebix in the 3rd quarter worth about $203,000. Institutional investors own 62.76% of the company’s stock.

Shares of Ebix (NASDAQ EBIX) traded up $0.55 during midday trading on Tuesday, reaching $81.75. 108,000 shares of the company traded hands, compared to its average volume of 119,367. Ebix has a fifty-two week low of $52.40 and a fifty-two week high of $82.00. The firm has a market capitalization of $2,600.00, a price-to-earnings ratio of 26.46, a P/E/G ratio of 2.22 and a beta of 1.74. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.62 and a quick ratio of 1.62.

TRADEMARK VIOLATION WARNING: “$96.33 Million in Sales Expected for Ebix Inc (EBIX) This Quarter” was reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2018/01/16/96-33-million-in-sales-expected-for-ebix-inc-ebix-this-quarter.html.

About Ebix

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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Earnings History and Estimates for Ebix (NASDAQ:EBIX)

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