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 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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