Ebix (EBIX) Receiving Somewhat Positive News Coverage, Accern Reports
Media coverage about Ebix (NASDAQ:EBIX) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ebix earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.9100061169578 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s analysis:
- $89.46 Million in Sales Expected for Ebix, Inc. (EBIX) This Quarter (americanbankingnews.com)
- NYSE:PN Shareholder Notice: Investigation over Possible Wrongdoing at Patriot National Inc Announced (sbwire.com)
- Brokerages Anticipate Ebix, Inc. (EBIX) Will Announce Earnings of $0.74 Per Share (americanbankingnews.com)
- Ebix Completes Acquisition of Two Inward International Remittance Businesses in India – GlobeNewswire (press release) (globenewswire.com)
A number of research analysts recently issued reports on EBIX shares. BidaskClub upgraded shares of Ebix from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of Ebix from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, William Blair started coverage on shares of Ebix in a research note on Wednesday, September 27th. They issued an “outperform” rating on the stock.
Ebix (EBIX) traded down 0.30% on Tuesday, reaching $65.95. 10,092 shares of the company were exchanged. Ebix has a 12-month low of $52.40 and a 12-month high of $67.20. The stock has a 50 day moving average of $60.92 and a 200 day moving average of $58.26. The firm has a market capitalization of $2.07 billion, a PE ratio of 21.48 and a beta of 1.79.
Ebix (NASDAQ:EBIX) last posted its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.07. Ebix had a net margin of 30.69% and a return on equity of 22.02%. The firm had revenue of $87.39 million for the quarter, compared to analyst estimates of $81.35 million. Equities analysts anticipate that Ebix will post $3.05 EPS for the current year.
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).
Receive News & Ratings for Ebix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ebix Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.