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Bankrate Inc (RATE.N)

RATE.N on New York Stock Exchange

9.95USD
21 Apr 2017
Change (% chg)

$0.05 (+0.51%)
Prev Close
$9.90
Open
$9.85
Day's High
$10.10
Day's Low
$9.81
Volume
85,403
Avg. Vol
90,483
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$11.90
52-wk Low
$6.91

Latest Key Developments (Source: Significant Developments)

Bankrate Inc files for non timely 10-K
Friday, 17 Mar 2017 06:27am EDT 

Bankrate Inc - : Co files for non timely 10-K - SEC filing . Expects to disclose a material weakness in internal control over financial reporting in its annual report . In connection with finalizing the financial statements for fiscal year ended Dec 31, 2016, calculation error was found in valuation report .Calculation error found in report was was key input in valuation of impairment of finite lived assets in 2016 fiscal year in quizzle business.  Full Article

Bankrate reports Q4 loss per share of $0.05
Wednesday, 8 Mar 2017 04:01pm EST 

Bankrate Inc : Bankrate reports fourth quarter and full year 2016 financial results . Q4 revenue rose 21 percent to $113.6 million . Q4 adjusted earnings per share $0.16 . Q4 loss per share $0.05 . Q4 earnings per share view $0.19 -- Thomson Reuters I/B/E/S . Sees revenue is expected to be in range of $500 million to $515 million for 2017 . Sees adjusted EBITDA is expected to be in range of $122 million to $129 million for 2017 . Sees revenue is expected to be in range of $115 million to $118 million for 2017 . Sees adjusted EBITDA is expected to be in range of $26 million to $28 million for 2017 .FY2017 revenue view $498.3 million -- Thomson Reuters I/B/E/S.  Full Article

Bankrate reports qtrly earnings per share $0.12
Thursday, 3 Nov 2016 04:01pm EDT 

Bankrate Inc : Bankrate inc qtrly earnings per share $0.12 . Bankrate inc qtrly adjusted earnings per share $0.22 . Sees q4 2016 revenue $117 million to $122 million . Sees fy 2016 revenue $438 million to $443 million . Sees q4 adjusted ebitda is expected to be in range of $30 million to $32 million . Bankrate reports third quarter 2016 financial results .Q3 revenue rose 29 percent to $128.8 million.  Full Article

Bankrate Q2 revenue jumps 10 pct
Thursday, 4 Aug 2016 04:01pm EDT 

Bankrate Inc : Bankrate reports second quarter 2016 financial results . Q2 revenue rose 10 percent to $98.3 million . Sees Q3 2016 revenue $110 million to $116 million .Says revenue is expected to be in range of $110 million to $116 million in FY16.  Full Article

Bankrate closes acquisition of Nextadvisor business
Monday, 20 Jun 2016 08:00am EDT 

Bankrate Inc :Bankrate announces closing of acquisition of Nextadvisor business.  Full Article

Bankrate says it would pay $20 mln in cash to a settlement fund
Tuesday, 17 May 2016 08:18am EDT 

Bankrate Inc : Bankrate announces proposed agreement to settle private securities class action . Bankrate would pay a total of $20 million in cash to a settlement fund . Under terms of proposed settlement, Bankrate would pay a total of $20 million in cash to a settlement fund to resolve all claims asserted on behalf of investors . Approximately 70% of settlement fund is expected to be paid from insurance proceeds .To settle private securities class action pending against company and certain current and former officers of company.  Full Article

Bankrate gives FY 2016 and Q2 2016 revenue and profit guidance
Thursday, 5 May 2016 04:12pm EDT 

Bankrate:For the second quarter of 2016, the Company expects revenue to be between $94 million and $98 million, with Adjusted EBITDA between $20 million and $22 million.For full-year 2016, the Company expects revenue to be between $388 million and $400 million, with Adjusted EBITDA between $94 million and $100 million.  Full Article

Bankrate Inc agrees to acquire Nextadvisor business
Thursday, 5 May 2016 02:10pm EDT 

Bankrate Inc:Bankrate, Inc. agrees to acquire Nextadvisor business.Consideration also includes a potential earnout payment of up to $137.9 million payable in cash or bankrate stock.Consideration also includes a potential earnout payment of up to $7.8 million in cash or time-based vesting restricted stock units.Asset purchase includes upfront consideration of approximately $76.3 million in cash.Asset purchase includes upfront consideration of approximately $3.0 million in time-based vesting restricted stock units.  Full Article

Bankrate Inc reaches agreement to sell insurance business
Thursday, 5 Nov 2015 04:01pm EST 

Bankrate Inc:Reached an agreement to sell its insurance business to All Web Leads, Inc., a portfolio company of Genstar Capital Partners.InsuranceQuotes business will continue normal operations throughout this process.Purchase price to be paid by All Web Leads will consist of $140.0 million to be paid in cash at the closing, and $25.0 million to be paid on the second anniversary of the closing date in cash.Bank of America Merrill Lynch served as Bankrate's financial advisor on the transaction.  Full Article

Bankrate Announces $75 million stock repurchase program
Thursday, 10 Sep 2015 08:00am EDT 

Bankrate Inc:Announces that its board of directors has authorized a $75 million stock repurchase program.Says under the terms of the program, the Company may repurchase up to $75 million of its outstanding common stock.  Full Article

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BRIEF-Bankrate Inc files for non timely 10-K

* Expects to disclose a material weakness in internal control over financial reporting in its annual report