Ebix Inc (EBIX) Releases Earnings Results, Beats Expectations By $0.09 EPS

Ebix Inc (EBIX) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.67 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.58. The company posted revenue of $71.10 million in the period, compared to analysts expectations of $69.35 million. The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Ebix Inc closed down -0.88 points or -1.83% at $47.24 with 6,92,612 shares getting traded on Friday. Post opening the session at $47.98, the shares hit an intraday low of $46.15 and an intraday high of $48.26 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 29, 2016, Robert F Kerris (Chief Financial Officer) sold 1,211 shares at $39.57 per share price. According to the SEC, on Mar 7, 2016, Hans U Benz (director) sold 7,464 shares at $40.95 per share price. On Aug 13, 2015, Robin Raina (CEO) purchased 5,000 shares at $29.85 per share price, according to the Form-4 filing with the securities and exchange commission.

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 operation through four channels: Exchanges Carrier Systems Broker Systems and Business Process Outsourcing. Ebix operates data exchanges in the areas of life insurance annuities employee health benefits risk management workers compensation and property and casualty (P&C) insurance. Ebix designs and deploys back-end systems for P&C insurance brokers across the world. Ebix also designs and deploys on-demand and back-end systems for P&C insurance companies. Ebix provides business process outsourcing services including project management and Risk Compliance Solutions (RCS) service offerings in the areas of insurance certificate creation and insurance certificate tracking.

Ebix Inc

Leave a Reply

Ebix Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ebix Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.