Black Knight Financial Services Inc (BKFS) Releases Earnings Results, Beats Expectations By $0.02 EPS

Black Knight Financial Services Inc (BKFS) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.25. The company posted revenue of $241.90 million in the period, compared to analysts expectations of $243.51 million. The company’s revenue was up 6.5% compared to the same quarter last year.

Many Wall Street Analysts have commented on Black Knight Financial Services Inc. Shares were Reiterated by Barclays on Feb 12, 2016 to “Overweight” and Lowered the Price Target to $ 35 from a previous price target of $39 .

Black Knight Financial Services Inc (BKFS) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $30.96 and reached the intraday high at $31.04. The bulls started the profit booking and pushed the shares to intraday low of $30.52. The trading session was marked by a volume range of 96,908 shares exchanging hands. The 52-week high of the shares is $38.85 and the 52-week low is $25.24. The market cap of the company stands at $4,763 M and there are 15,39,29,710 shares in public circulation.

In a different news, on Sep 1, 2015, John D Rood (director) purchased 3,175 shares at $31.44 per share price. According to the SEC, on May 28, 2015, Richard N Massey (director) purchased 15,000 shares at $24.50 per share price. On May 28, 2015, Kirk T Larsen (CFO) purchased 12,000 shares at $24.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Black Knight Financial Services Inc. is a holding company. The Company through its subsidiaries provides integrated technology workflow automation and data and analytics to the mortgage industry. The Company operates through two segments: Technology and Data and Analytics. The Company’s Technology segment offers software and hosting solutions that support loan servicing which includes the core mortgage servicing specialty mortgage servicing including loss mitigation and default workflow management loan origination and settlement services. Its Data and Analytics segment offers solutions support its technology products in the mortgage real estate and capital markets industries. These solutions include property ownership data lien data servicing data automated valuation models collateral risk scores prepayment and default models lead generation and other data solutions. Its subsidiaries include Black Knight InfoServ LLC and Black Knight Financial Services LLC.

Black Knight Financial Services Inc

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