Ebix Inc (EBIX) Releases Earnings Results, Beats Expectations By $0.08 EPS

Ebix Inc (EBIX) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.70 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.62. The company posted revenue of $49322.00 million in the period, compared to analysts expectations of $71.20 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Ebix Inc opened for trading at $54.29 and hit $55 on the upside on Friday, eventually ending the session at $54.78, with a gain of 1.56% or 0.84 points. The heightened volatility saw the trading volume jump to 5,48,918 shares. Company has a market cap of $1,795 M.

In a different news, on Jun 21, 2016, Robert F Kerris (Chief Financial Officer) sold 1,211 shares at $47.73 per share price. According to the SEC, on Jun 2, 2016, Hans Ueli Keller (director) sold 3,684 shares at $45.49 per share price. On Mar 7, 2016, Hans U Benz (director) sold 7,464 shares at $40.95 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

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