Last $16.89 USD
Change Today +0.33 / 1.99%
Volume 596.0K
RATE On Other Exchanges
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As of 8:04 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

bankrate inc (RATE) Key Developments

Bankrate, Inc. Presents at Goldman Sachs Fifth Annual TMT Leveraged Finance Conference, Mar-19-2014 01:10 PM

Bankrate, Inc. Presents at Goldman Sachs Fifth Annual TMT Leveraged Finance Conference, Mar-19-2014 01:10 PM. Venue: 200 West St., New York, New York, United States.

Bankrate, Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter and Full Year of 2014

Bankrate, Inc. reported unaudited earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported revenue of $122,260,000 against $93,244,000 a year ago. Loss from operations was $806,000 against income from operations of $6,097,000 a year ago. Loss before income taxes was $5,967,000 against $397,000 a year ago. Net loss was $3,542,000 or $0.04 basic and diluted loss per share against net income of $344,000 a year ago. Adjusted EBITDA was $35,397,000 against $17,929,000 a year ago. Adjusted net income was $16,873,000 or $0.17 adjusted earnings per share against $5,798,000 or $0.06 adjusted earnings per share a year ago. EBITDA was $15,236,000 against $20,492,000 a year ago. For the year, the company reported revenue of $457,432,000 against $457,164,000 a year ago. Income from operations was $26,715,000 against income from operations of $62,599,000 a year ago. Loss before income taxes was $15,441,000 against income before income taxes of $36,828,000 a year ago. Net loss was $10,002,000 or $0.10 basic and diluted loss per share against net income of $29,331,000 or $0.29 basic and diluted earnings per share a year ago. Adjusted EBITDA was $121,907,000 against $123,137,000 a year ago. Adjusted net income was $52,862,000 or $0.53 adjusted earnings per share against $56,030,000 or $0.56 adjusted earnings per share a year ago. EBITDA was $69,667,000 against $115,453,000 a year ago. For the year 2014, the company expected revenue to be in the range of $520 million to $530 million, representing mid-teens growth over 2013. Adjusted EBITDA is expected to be between $145 million to $150 million. The company expected revenues for the first quarter of 2014 to be between $125 million to $130 million, representing high-teens percentage growth over first quarter of 2013, and adjusted EBITDA to be between $33 million to $36 million.

Bankrate Mulls Acquisitions

Bankrate, Inc. (NYSE:RATE) is seeking acquisitions. Ed DiMaria, Senior Vice President and Chief Executive Officer, said, "We felt that was our highest and best use of capital, where we could buy look at accretive acquisitions where we could put the money to work, where, if we could find something where one plus one given our high monetizing platform one plus one equals three or four. And we continue to look for those types of opportunities, given our strategy."

Bankrate, Inc. Presents at Stifel, Nicolaus Technology, Internet & Media Conference, Feb-11-2014 03:50 PM

Bankrate, Inc. Presents at Stifel, Nicolaus Technology, Internet & Media Conference, Feb-11-2014 03:50 PM. Venue: The Fairmont Hotel, San Francisco, California, United States. Speakers: Kenneth S. Esterow, Chief Executive Officer, President and Director.

Bankrate, Inc., Q4 2013 Earnings Call, Feb 13, 2014

Bankrate, Inc., Q4 2013 Earnings Call, Feb 13, 2014

 

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Valuation RATE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.6x
Price/Book 2.0x
Price/Cash Flow 34.7x
TEV/Sales 2.6x
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