BofA/Merrill Lynch Resumes Bankrate (RATE) at Underperform
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June 18, 2015 9:39 AM EDT
RBC Capital reiterates an Outperform rating on Bankrate (NYSE: RATE) following 1Q15 results, and potential end to SEC investigation. Analyst Rohit Kulkarni says that the company completed its internal investigation and looks to have reached a settlement with the SEC whereby... More
June 18, 2015 6:54 AM EDT
SunTrust Robinson Humphrey downgraded Bankrate (NYSE: RATE) from Buy to Neutral with a price target of $12.00 (from $18.00).
For an analyst ratings summary and ratings history on Bankrate click here. For more ratings news on Bankrate click here.
Shares of Bankrate closed at $13.85 yesterday.
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June 17, 2015 4:02 PM EDT
Bankrate (NYSE: RATE) reported Q1 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $141.5 million versus the consensus estimate of $137.98 million.
Bankrate also announced the results of the internal review conducted by the Audit Committee of the Bankrate Board of Directors and the restatement of its financial statements for fiscal years 2011, 2012 and 2013, the fiscal quarters within those years, and the fiscal quarters ended March 31, 2014 and June 30, 2014. The restated financial statements, as well as the financial statements for the quarter ended September 30, 2014 and the fiscal year ended December 31,... More
