News coverage about Black Knight (NYSE:BKI) has trended positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Black Knight earned a news impact score of 0.32 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.5669962218918 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Black Knight stock remained flat at $$53.70 during trading on Friday. 316,500 shares of the stock were exchanged, compared to its average volume of 566,198. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 2.21 and a beta of 0.79. Black Knight has a 1-year low of $41.10 and a 1-year high of $56.45. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85.
Black Knight (NYSE:BKI) last released its quarterly earnings data on Monday, July 30th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02. The firm had revenue of $276.60 million for the quarter, compared to analyst estimates of $278.21 million. Black Knight had a net margin of 22.67% and a return on equity of 13.52%. Black Knight’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. equities analysts expect that Black Knight will post 1.61 EPS for the current year.
BKI has been the subject of several research reports. Wedbush boosted their price objective on shares of Black Knight from $50.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, June 18th. Piper Jaffray Companies upped their price target on shares of Black Knight to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 19th. Knight Equity reaffirmed a “buy” rating and set a $59.00 price target on shares of Black Knight in a research report on Wednesday, July 11th. Zacks Investment Research raised shares of Black Knight from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Saturday, July 14th. Finally, Wells Fargo & Co upped their price objective on shares of Black Knight from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, July 31st. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $55.45.
In other Black Knight news, insider William P. Foley II sold 977,000 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $51.68, for a total value of $50,491,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Massey sold 6,230 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $52.51, for a total transaction of $327,137.30. The disclosure for this sale can be found here. 14.40% of the stock is owned by corporate insiders.
Black Knight Company Profile
Black Knight, Inc provides software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals primarily in the United States. It operates through two segments, Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions, including LoanSphere mortgage servicing platform, a software as a service application that automates loan servicing to the secondary mortgage market and investor reporting; and LoanSphere Bankruptcy and LoanSphere Foreclosure solutions, which are Web-based workflow information systems for managing and automating a range of workflow processes involving non-performing loans.
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