Brokerages Anticipate Ebix, Inc. (EBIX) Will Announce Earnings of $0.74 Per Share
Wall Street analysts expect Ebix, Inc. (NASDAQ:EBIX) to report earnings of $0.74 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Ebix’s earnings, with estimates ranging from $0.71 to $0.76. Ebix also reported earnings per share of $0.74 in the same quarter last year. The company is expected to announce its next quarterly earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Ebix will report full year earnings of $3.07 per share for the current fiscal year, with EPS estimates ranging from $2.99 to $3.14. For the next fiscal year, analysts anticipate that the business will post earnings of $3.42 per share, with EPS estimates ranging from $3.12 to $3.71. Zacks’ EPS averages are an average based on a survey of research analysts that cover Ebix.
Ebix (NASDAQ:EBIX) last announced its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.07. The business had revenue of $87.39 million for the quarter, compared to analyst estimates of $81.35 million. Ebix had a return on equity of 22.02% and a net margin of 30.69%.
A number of equities analysts have commented on EBIX shares. BidaskClub raised 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. Finally, Zacks Investment Research raised shares of Ebix from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th.
Shares of Ebix (NASDAQ:EBIX) traded up 0.08% during mid-day trading on Friday, reaching $65.85. The company had a trading volume of 67,214 shares. The stock has a market capitalization of $2.07 billion, a P/E ratio of 21.45 and a beta of 1.79. Ebix has a 12-month low of $52.40 and a 12-month high of $67.20. The firm’s 50 day moving average is $60.92 and its 200-day moving average is $58.26.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a $0.075 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.46%. Ebix’s payout ratio is currently 9.77%.
Several large investors have recently modified their holdings of the business. Caxton Associates LP purchased a new position in shares of Ebix during the 1st quarter worth about $365,000. Tudor Investment Corp ET AL boosted its stake in shares of Ebix by 125.6% during the 1st quarter. Tudor Investment Corp ET AL now owns 20,655 shares of the technology company’s stock worth $1,265,000 after purchasing an additional 11,500 shares during the period. BlackRock Inc. boosted its stake in shares of Ebix by 120,181.3% during the 1st quarter. BlackRock Inc. now owns 2,785,714 shares of the technology company’s stock worth $170,625,000 after purchasing an additional 2,783,398 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Ebix during the 1st quarter worth about $1,218,000. Finally, Karp Capital Management Corp purchased a new position in shares of Ebix during the 1st quarter worth about $516,000. 61.96% of the stock is owned by institutional investors and hedge funds.
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Ebix Company Profile
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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