Media stories about Ebix (NASDAQ:EBIX) have trended somewhat positive on Monday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ebix earned a news impact score of 0.10 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.0641987049677 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of EBIX opened at $79.20 on Monday. The stock has a market capitalization of $2.50 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.04 and a beta of 1.73. Ebix has a 12-month low of $52.80 and a 12-month high of $87.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.83 and a current ratio of 1.83.
Ebix (NASDAQ:EBIX) last issued its quarterly earnings data on Wednesday, May 9th. The technology company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.03). The company had revenue of $108.23 million during the quarter, compared to analysts’ expectations of $106.81 million. Ebix had a net margin of 25.54% and a return on equity of 19.54%. The business’s quarterly revenue was up 36.8% on a year-over-year basis. analysts expect that Ebix will post 3.9 earnings per share for the current year.
EBIX has been the topic of several recent research reports. BidaskClub raised shares of Ebix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 26th. Craig Hallum reissued a “buy” rating and set a $110.00 price target (up previously from $87.00) on shares of Ebix in a research report on Monday, March 5th. Zacks Investment Research raised shares of Ebix from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Tuesday, March 6th. Finally, ValuEngine upgraded shares of Ebix from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $95.67.
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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