Published On: Mon, May 9th, 2016
Uncategorized | By Sylvia Delisle

Ebix, Inc. (NASDAQ:EBIX) To Release Earnings

Analysts await Ebix, Inc. (NASDAQ:EBIX) to report earnings on May, 09 for the fiscal quarter ending Mar 2016.

They expect $0.58 EPS, up 12.07% or $0.07 from last year’s $0.51 per share.

At the moment 1 analyst is watching Ebix, Inc. (NASDAQ:EBIX), 0 rate it “Buy”, 1 “Outperform”, 0 “Underperform”, 0 “Sell”, while 0 “Hold”.

Looking forward, for the quarter ending Jun-16, 1 analyst has a mean sales target of 71.50 million. For the quarter ending Sep-16, 1 analyst has a mean sales target of 73.00 million whilst for the year ending Dec-16, 1 analyst has a mean target of 288.85 million.

In terms of earnings per share, 1 analyst has a 0.62 EPS mean target for the quarter ending Jun-16, for the quarter ending Sep-16, 1 analyst has a 0.64 EPS mean target and for the quarter ending Sep-16 there are 1 estimate of 2.53 EPS.

The biggest institutional shareholders in Ebix, Inc. include Fidelity Management and Research Company which owns 5 million shares in the company valued at $166.08 million. Rennes Foundation is the second biggest holder with 4 million shares currently valued at 138.73 million whilst Vanguard Group Inc has 2 million shares valued at 67.43 million.

Total shares held by institutions as of the most recent company filings are 28,885,218 with a reported 2,351,717 bought and 3,073,086 sold. These holdings make up 87.68% of the company’s outstanding shares.

Currently insiders hold 7,847,211 shares in the business which makes up 23.82% of shares. The biggest holder currently is Rennes Fondation who owns 3,746,473 shares (11.37% of those outstanding), whilst Robin Raina holds 3,558,180 (10.80% of shares outstanding) and Mr. Neil David Eckert holds 116,044 (0.35% of shares outstanding).

The stock decreased 1.83% or $0.88 during the last trading session.

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