Media headlines about Ebix (NASDAQ:EBIX) have trended somewhat positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ebix earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 47.1521865783242 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
Ebix stock traded down $0.50 during midday trading on Friday, hitting $74.05. 174,087 shares of the stock were exchanged, compared to its average volume of 251,412. Ebix has a 52-week low of $52.40 and a 52-week high of $87.50. The stock has a market cap of $2,331.69, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.90 and a beta of 1.77. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.72 and a current ratio of 1.72.
Ebix (NASDAQ:EBIX) last released its quarterly earnings results on Thursday, March 1st. The technology company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.05. Ebix had a net margin of 27.65% and a return on equity of 20.67%. The business had revenue of $104.68 million for the quarter, compared to analysts’ expectations of $96.33 million. analysts predict that Ebix will post 3.9 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Tuesday, February 27th. Ebix’s dividend payout ratio (DPR) is presently 9.46%.
EBIX has been the subject of a number of analyst reports. Sidoti lifted their price objective on shares of Ebix from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Zacks Investment Research upgraded shares of Ebix from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Tuesday, January 2nd. BidaskClub upgraded shares of Ebix from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 17th. Finally, Craig Hallum restated a “buy” rating and set a $110.00 price target (up from $87.00) on shares of Ebix in a report on Monday, March 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $95.67.
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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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