Ebix (NASDAQ:EBIX) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 8th.
Ebix (NASDAQ:EBIX) last announced its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.03. The firm had revenue of $124.60 million during the quarter, compared to analysts’ expectations of $111.41 million. Ebix had a net margin of 24.67% and a return on equity of 19.99%. Ebix’s revenue for the quarter was up 42.6% on a year-over-year basis.
Shares of NASDAQ EBIX opened at $57.31 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $1.74 billion, a PE ratio of 18.08 and a beta of 1.35. Ebix has a 1 year low of $53.72 and a 1 year high of $89.10.
EBIX has been the subject of a number of analyst reports. Maxim Group set a $113.00 price objective on shares of Ebix and gave the stock a “buy” rating in a research note on Thursday, August 9th. BidaskClub cut shares of Ebix from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. ValuEngine cut shares of Ebix from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Finally, BMO Capital Markets initiated coverage on shares of Ebix in a research note on Wednesday, September 26th. They issued a “market perform” rating and a $85.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $97.00.
In related news, major shareholder Fondation Rennes sold 12,800 shares of the firm’s stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $77.20, for a total transaction of $988,160.00. Following the completion of the transaction, the insider now directly owns 3,425,981 shares of the company’s stock, valued at $264,485,733.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.50% of the company’s stock.
Ebix Company Profile
Ebix, Inc provides software and e-commerce solutions to insurance, finance, and healthcare industries. It offers software development, customization, and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges, and standard making bodies. The company operates data exchanges in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, insurance underwriting, and property and casualty (P&C) insurance.
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