Black Knight (NYSE:BKI) Posts Earnings Results, Beats Expectations By $0.05 EPS

Black Knight (NYSE:BKI) announced its quarterly earnings data on Tuesday. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05, reports. Black Knight had a return on equity of 13.64% and a net margin of 14.65%. The company had revenue of $294.90 million for the quarter, compared to analysts’ expectations of $296.52 million. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. Black Knight updated its FY 2019 guidance to $1.90-2.00 EPS and its FY19 guidance to $1.90-2.00 EPS.

BKI traded down $3.09 during trading hours on Tuesday, reaching $57.57. The company’s stock had a trading volume of 631,289 shares, compared to its average volume of 647,902. Black Knight has a 52 week low of $42.30 and a 52 week high of $64.41. The company’s 50-day simple moving average is $61.65. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.89. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 2.39 and a beta of 0.69.

A number of equities research analysts have recently issued reports on BKI shares. Deutsche Bank set a $64.00 price objective on Black Knight and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Goldman Sachs Group upgraded Black Knight from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $58.00 to $68.00 in a research note on Monday, June 3rd. Zacks Investment Research cut Black Knight from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Oppenheimer upped their price objective on Black Knight from $60.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Finally, Barclays increased their price target on Black Knight from $56.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. Black Knight has an average rating of “Buy” and an average price target of $61.09.

In related news, insider William P. Foley II sold 250,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $61.21, for a total value of $15,302,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Joseph M. Nackashi sold 18,000 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $56.59, for a total value of $1,018,620.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 301,529 shares of company stock worth $18,196,645. 4.40% of the stock is owned by company insiders.

Black Knight Company Profile

Black Knight, Inc provides integrated software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals in the United States. Its Software Solutions segment offers software and hosting solutions comprises MSP, a software as a service application platform for mortgage and home equity loans that automates various areas of loan servicing; Bankruptcy / Foreclosure solutions for managing and automating a range of different workflow processes involving distressed and non-performing loans; Invoicing, a Web-based solution that helps servicers to save time and eliminate errors by automating billing and invoice process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.

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Earnings History for Black Knight (NYSE:BKI)

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