Zacks: Analysts Anticipate Acxiom Co. (ACXM) Will Announce Earnings of $0.19 Per Share

Brokerages forecast that Acxiom Co. (NASDAQ:ACXM) will report earnings per share of $0.19 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Acxiom’s earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.23. Acxiom reported earnings of $0.14 per share during the same quarter last year, which would suggest a positive year over year growth rate of 35.7%. The business is scheduled to report its next earnings results on Thursday, August 2nd.

According to Zacks, analysts expect that Acxiom will report full year earnings of $1.03 per share for the current year, with EPS estimates ranging from $0.90 to $1.15. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.14 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Acxiom.

Acxiom (NASDAQ:ACXM) last issued its quarterly earnings results on Wednesday, May 16th. The information technology services provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Acxiom had a return on equity of 3.84% and a net margin of 2.56%. The company had revenue of $244.80 million for the quarter, compared to analyst estimates of $239.56 million. During the same quarter in the prior year, the company posted $0.15 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year.



Several analysts recently issued reports on the company. Stephens increased their price target on Acxiom from $31.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, February 16th. They noted that the move was a valuation call. BidaskClub upgraded Acxiom from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. TheStreet upgraded Acxiom from a “c+” rating to a “b-” rating in a research note on Wednesday, May 23rd. BMO Capital Markets raised their target price on shares of Acxiom from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, March 15th. They noted that the move was a valuation call. Finally, ValuEngine raised Acxiom from a “hold” rating to a “buy” rating in a report on Tuesday, June 5th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Acxiom presently has a consensus rating of “Buy” and an average target price of $32.40.

Several hedge funds and other institutional investors have recently bought and sold shares of ACXM. Bank of New York Mellon Corp increased its stake in shares of Acxiom by 16.3% during the fourth quarter. Bank of New York Mellon Corp now owns 6,203,101 shares of the information technology services provider’s stock valued at $170,958,000 after acquiring an additional 870,045 shares during the period. Schroder Investment Management Group acquired a new position in Acxiom in the fourth quarter worth approximately $15,333,000. Vista Equity Partners Management LLC acquired a new position in Acxiom in the first quarter worth approximately $12,212,000. Earnest Partners LLC acquired a new position in Acxiom in the fourth quarter worth approximately $13,070,000. Finally, Neuberger Berman Group LLC grew its position in Acxiom by 15.9% in the first quarter. Neuberger Berman Group LLC now owns 1,773,704 shares of the information technology services provider’s stock worth $40,364,000 after buying an additional 243,644 shares during the last quarter. Institutional investors and hedge funds own 98.85% of the company’s stock.

Shares of Acxiom traded up $0.19, hitting $30.32, during trading hours on Friday, according to Marketbeat Ratings. The stock had a trading volume of 22,655 shares, compared to its average volume of 835,158. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $2.33 billion, a P/E ratio of 68.93, a price-to-earnings-growth ratio of 16.82 and a beta of 1.24. Acxiom has a 12-month low of $18.60 and a 12-month high of $32.93.

Acxiom Company Profile

Acxiom Corporation operates as a technology and enablement services company in the United States, Europe, the Asia-Pacific, and internationally. The company operates through three segments: Connectivity, Audience Solutions, and Marketing Services. The Connectivity segment provides a foundational identity resolution layer, which enables its clients to identify and reach consumers across channels and measure the impact of marketing on sales.

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