Bankrate Inc (RATE) Releases Earnings Results, Misses Expectations By $-0.09 EPS

Bankrate Inc (RATE) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.01 earnings per share for the quarter, missing the analyst consensus estimate by $-0.09. Analysts had a consensus of $0.10. The company posted revenue of $98.30 million in the period, compared to analysts expectations of $95.81 million. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on Bankrate Inc. Compass Point Initiated Bankrate Inc on Jun 2, 2016 to “Neutral”, Price Target of the shares are set at $9.

Bankrate Inc closed down -0.25 points or -3.18% at $7.61 with 3,12,882 shares getting traded on Tusday. Post opening the session at $7.89, the shares hit an intraday low of $7.59 and an intraday high of $7.9 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on May 17, 2016, James R Gilmartin (SVP, General Counsel) sold 3,119 shares at $8.68 per share price. According to the SEC, on Nov 10, 2015, Christopher J Speltz (CEO, Credit Cards) sold 5,000 shares at $14.98 per share price.

Bankrate Inc. (Bankrate) is a publisher aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories including mortgages deposits insurance credit cards senior care and other personal finance categories. It operates through segments including Banking Credit Cards Insurance and Other. Through its brand it provides consumer inquiries to advertisers that are listed in its mortgage and deposit rate tables and that hyperlink their listings. It provides consumer inquiries to credit card issuers and principally record sales after the credit card issuers approve the consumer’s credit application primarily through its Credi

Bankrate Inc

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