Ebix, Inc. (EBIX) Expected to Post Earnings of $0.75 Per Share
Wall Street brokerages expect Ebix, Inc. (NASDAQ:EBIX) to announce earnings per share of $0.75 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Ebix’s earnings. The highest EPS estimate is $0.79 and the lowest is $0.71. Ebix posted earnings per share of $0.76 during the same quarter last year, which would suggest a negative year over year growth rate of 1.3%. The firm is scheduled to report its next earnings results on Tuesday, February 27th.
On average, analysts expect that Ebix will report full year earnings of $3.06 per share for the current financial year, with EPS estimates ranging from $2.99 to $3.13. For the next year, analysts expect that the business will post earnings of $3.63 per share, with EPS estimates ranging from $3.48 to $3.77. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Ebix.
A number of brokerages have issued reports on EBIX. Craig Hallum reiterated a “buy” rating and set a $87.00 price objective (up previously from $80.00) on shares of Ebix in a research note on Thursday, November 9th. Zacks Investment Research upgraded Ebix from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research note on Monday. Finally, William Blair began coverage on Ebix in a research note on Wednesday, September 27th. They set an “outperform” rating for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Ebix currently has a consensus rating of “Buy” and an average target price of $85.50.
A number of institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System increased its position in Ebix by 5.6% during the third quarter. California Public Employees Retirement System now owns 106,268 shares of the technology company’s stock valued at $6,934,000 after acquiring an additional 5,668 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Ebix by 187.5% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,301 shares of the technology company’s stock valued at $215,000 after acquiring an additional 2,153 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Ebix during the third quarter valued at $583,000. Granahan Investment Management Inc. MA increased its position in Ebix by 144.3% during the third quarter. Granahan Investment Management Inc. MA now owns 169,912 shares of the technology company’s stock valued at $11,087,000 after acquiring an additional 100,371 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in Ebix during the third quarter valued at $214,000. Institutional investors own 62.12% of the company’s stock.
Shares of Ebix (NASDAQ EBIX) traded down $0.35 during trading hours on Thursday, reaching $76.10. The company’s stock had a trading volume of 132,100 shares, compared to its average volume of 181,123. The stock has a market capitalization of $2,380.00, a PE ratio of 24.74, a price-to-earnings-growth ratio of 2.50 and a beta of 1.75. Ebix has a 1-year low of $52.40 and a 1-year high of $76.65. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.66.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, November 29th. Ebix’s dividend payout ratio is currently 9.71%.
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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