Ebix, Inc. (EBIX) to Issue Quarterly Dividend of $0.08 on December 15th

Ebix, Inc. (NASDAQ:EBIX) declared a quarterly dividend on Friday, November 20th, Zacks reports. Investors of record on Tuesday, December 1st will be given a dividend of 0.075 per share by the technology company on Tuesday, December 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Monday, November 30th.

NASDAQ:EBIX opened at $31.52 on Friday. The business’s 50-day moving average price is $22.09 and its 200 day moving average price is $22.28. The firm has a market cap of $975.95 million, a P/E ratio of 10.23 and a beta of 2.11. Ebix has a 52-week low of $8.75 and a 52-week high of $39.03. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.07.

Ebix (NASDAQ:EBIX) last released its earnings results on Monday, November 9th. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. The firm had revenue of $154.30 million for the quarter, compared to analyst estimates of $119.18 million. Ebix had a return on equity of 18.84% and a net margin of 17.20%. Ebix’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share.

A number of equities analysts recently weighed in on EBIX shares. ValuEngine cut Ebix from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. BidaskClub cut Ebix from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 22nd. Finally, BMO Capital Markets dropped their price target on Ebix from $34.00 to $33.00 and set a “market perform” rating on the stock in a research note on Monday, August 10th.

Ebix Company Profile

Ebix, Inc provides on-demand software and e-commerce services and solutions to insurance, financial, healthcare, and e-learning industries in the United States and internationally. It develops and deploys insurance and reinsurance exchanges; provides Software-as-a-Service (SaaS) enterprise solutions in the area of customer relationship management, and front-end and back-end systems; and offers outsourced administrative and risk compliance solutions.

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Dividend History for Ebix (NASDAQ:EBIX)

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