On average, analysts expect that Bankrate will report full-year earnings of $0.52 per share for the current year, with EPS estimates ranging from $0.51 to $0.53. Bankrate has an average rating of "Buy" and an average target price of $11.75.
Bankrate (NYSE:RATE) last announced its quarterly earnings results on Thursday, May 4th. The disclosure for this sale can be found here.
The investigation concerns whether the Bankrate board failed to satisfy its duties to the Company shareholders, including whether the board had adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Bankrate shares of common stock. Eqis Capital Management Inc. bought a new position in shares of Bankrate during the first quarter valued at approximately $181,000. If you are accessing this report on another publication, it was illegally copied and republished in violation of global trademark & copyright laws.
Revenues in the first quarter of 2017 were US$118.7mln with a net loss of US$5.2mln. Teachers Advisors LLC increased its position in Bankrate by 932.7% in the fourth quarter. On average, analysts forecast that Bankrate will post $0.70 EPS for the current year. Two Sigma Investments LP now owns 389,195 shares of the bank's stock worth $4,301,000 after buying an additional 4,704 shares during the period. The company had a trading volume of 771,192 shares. Systematic Financial Management LP now owns 562,425 shares of the bank's stock worth $6,215,000 after buying an additional 382,320 shares during the period.
Air India flight plies with no AC: Passengers complain of suffocation
The lack of air conditioning led some of the passengers to put on oxygen masks, but that didn't make the situation any better. Passengers onboard the AI 880 flight were left breathless, as the air-conditioning system on the flight wasn't working.
Bankrate (RATE) traded up 1.98% on Friday, hitting $12.85. The stock's market cap is $1.14 billion. The business's revenue was up 27.2% compared to the same quarter past year. Bankrate has a 12 month low of $6.91 and a 12 month high of $12.95.
It is now trading at $12.85 a bit higher than $11.09, the 50 day moving average and barely above the 200 day moving average of $10.76. The Company provides consumers personal finance editorial content across multiple vertical categories, including mortgages, deposits, credit cards, senior care and other personal finance categories. During the same quarter in the prior year, the firm earned $0.12 EPS.
Bank of America, Barclays, Citigroup, Credit Suisse, Fifth Third Bancorp, Mitsubishi UFJ and PNC Financial are acting as financial advisers to Red Ventures, and are providing debt financing to the company.
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