Ebix (NASDAQ:EBIX) announced its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.08 by ($0.41), Fidelity Earnings reports. Ebix had a return on equity of 22.39% and a net margin of 14.64%. The business had revenue of $147.20 million for the quarter, compared to analyst estimates of $149.43 million. The company’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS.
Ebix stock opened at $33.01 on Friday. Ebix has a fifty-two week low of $31.06 and a fifty-two week high of $63.89. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.50 and a current ratio of 1.50. The stock’s fifty day moving average is $37.89 and its two-hundred day moving average is $42.36. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 8.85 and a beta of 1.37.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Friday, November 29th. Ebix’s dividend payout ratio (DPR) is 8.04%.
Several brokerages have commented on EBIX. S&P Equity Research lowered their price target on shares of Ebix from $34.59 to $32.92 in a research note on Friday, November 15th. TheStreet upgraded shares of Ebix from a “f” rating to a “c” rating in a research note on Wednesday, September 18th. BMO Capital Markets decreased their price objective on shares of Ebix from $50.00 to $46.00 and set a “market perform” rating on the stock in a report on Wednesday, November 13th. BidaskClub cut shares of Ebix from a “sell” rating to a “strong sell” rating in a report on Friday, November 15th. Finally, Craig Hallum reiterated a “buy” rating and set a $110.00 price target on shares of Ebix in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $62.97.
In other Ebix news, Director Hans Ueli Keller acquired 1,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average cost of $32.83 per share, with a total value of $32,830.00. Following the purchase, the director now owns 17,428 shares in the company, valued at $572,161.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.20% of the stock is currently owned by corporate insiders.
Ebix, Inc provides software and e-commerce solutions to insurance, finance, healthcare, and e-learning 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 finance, travel, life insurance, annuities, employee health benefits, risk management, workers compensation, insurance underwriting, and property and casualty (P&C) insurance.
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