Technology

Earnings Roundup: Black Knight, Inc. (NYSE: BKI)

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On Friday, Black Knight, Inc. (NYSE: BKI) shares price traded between $53.15 and $53.78 during the last trading session upbeat with +0.85% at $53.55 . The shares recorded a trading volume 695,885 million shares as compared to its average volume of 919,651 shares. The company has 149.41M shares outstanding and market value of 8.001B. Over the one year trading period, the stock has a peak price of $54.65 and its down is recorded at $0.08. The short ratio in the (Ticker) stock is 2.34 and the short float is around of 2.06%.

On May 3, Black Knight, Inc. (NYSE:BKI), recently reported unaudited financial results for the first quarter ended March 31, 2018.

Revenues for the first quarter of 2018 increased 5% to $270.3M from $258.1M in the previous year quarter. Net earnings attributable to Black Knight for the first quarter of 2018 were $42.7M, or $0.29 per diluted share, contrast to $12.2M, or $0.18 per diluted share, in the previous year quarter.

Adjusted Revenues for the first quarter of 2018 increased 5% to $271.2M from $259.5M in the previous year quarter. Adjusted Net Earnings for the first quarter of 2018 increased 42% to $64.1M, or $0.43 per diluted share, contrast to $45.3M, or $0.30 per diluted share, in the previous year quarter.

Adjusted EBITDA for the first quarter of 2018 increased 9% to $129.9M from $119.4M in the previous year quarter. Adjusted EBITDA Margin was 47.9%, a raise of 190 basis points contrast to the previous year quarter.

In the liquidity ratio analysis; Black Knight, Inc.’s (BKI) debt to equity ratio was 0.92 while current ratio was 1.30. The company has the institutional ownership of 88.20%. The stock’s RSI amounts to 64.18.

Foley said that On behalf of the board of directors the company is excited to welcome Anthony Jabbour to Black Knight as Chief Executive Officer. Furthermore he added he is confident that the extensive experience and skills which he brings to the company will drive the future success.

Adjusted Revenues for the first quarter of 2018 increased 5% to $233.6M from $223.1M in the previous year quarter. Our servicing software business had Adjusted Revenues growth of 7%, primarily driven by strong loan growth on our core servicing software solution from new and existing clients, price increases and new client wins. In our origination software business, Adjusted Revenues declined 4% as increased professional services and new client wins were over offset by lower Exchange volumes as a result of the 14% decline in refinancing originations as stated by the Mortgage Bankers Association and client contract termination fees in the previous year quarter. Adjusted EBITDA increased 9% to $136.8M from $125.4M, with an Adjusted EBITDA Margin of 58.6%, a raise of 240 basis points contrast to the previous year quarter.

Black Knight, Inc.’s (BKI) EPS growth ratio for the past five years was 21.04% while Sales growth for the past five years was # ref. Return on equity (ROE) was noted as # ref while return on investment (ROI) was 6.80%. The stock’s institutional ownership stands at 88.20%.

Adjusted Revenues for the first quarter of 2018 increased 3% to $37.6M from $36.4M in the previous year quarter primarily driven by growth in our multiple listing service business and increased volumes in our tax and title data businesses. Adjusted EBITDA was $8.6M contrast to $6.9M in the previous year quarter, with an Adjusted EBITDA Margin of 22.9%, a raise of 390 basis points contrast to the previous year quarter.

Share Repurchase Program

During the first quarter of 2018, we repurchased 3.0M shares of ordinary stock for $141.5M, or an average price of $47.15 per share. As of March 31, 2018, we had about 3.8M shares remaining under our share repurchase authorization.

Balance Sheet

As of March 31, 2018, we had cash and cash equivalents of $9.9M and debt of $1,502.6M. As of March 31, 2018, we had accessible capacity of $363.5M on our revolving credit facility.

 

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