Analysts Expect Zix Co. (NASDAQ:ZIXI) Will Announce Quarterly Sales of $64.16 Million

Wall Street brokerages expect Zix Co. (NASDAQ:ZIXI) to report sales of $64.16 million for the current quarter, according to Zacks. Two analysts have provided estimates for ZIX’s earnings, with the highest sales estimate coming in at $64.22 million and the lowest estimate coming in at $64.10 million. ZIX reported sales of $54.84 million in the same quarter last year, which indicates a positive year over year growth rate of 17%. The company is expected to report its next earnings results on Monday, November 8th.

According to Zacks, analysts expect that ZIX will report full-year sales of $253.61 million for the current fiscal year, with estimates ranging from $253.60 million to $253.61 million. For the next year, analysts expect that the firm will post sales of $286.57 million, with estimates ranging from $283.44 million to $289.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for ZIX.

ZIX (NASDAQ:ZIXI) last released its earnings results on Thursday, August 5th. The software maker reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. ZIX had a negative net margin of 3.85% and a positive return on equity of 70.86%. The company had revenue of $62.80 million for the quarter, compared to the consensus estimate of $61.35 million. During the same period in the prior year, the company posted $0.15 EPS. The company’s revenue was up 17.8% compared to the same quarter last year.

A number of research analysts have issued reports on ZIXI shares. Stephens restated a “buy” rating and set a $11.00 target price on shares of ZIX in a research report on Wednesday, August 25th. Zacks Investment Research downgraded shares of ZIX from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Colliers Securities reiterated a “buy” rating and issued a $10.50 price target on shares of ZIX in a research report on Friday, September 3rd. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, ZIX presently has an average rating of “Buy” and an average target price of $9.63.

ZIX stock traded down $0.04 during trading hours on Friday, reaching $7.20. 20,778 shares of the company’s stock traded hands, compared to its average volume of 574,936. The company has a debt-to-equity ratio of 6.91, a quick ratio of 0.68 and a current ratio of 0.68. ZIX has a fifty-two week low of $5.41 and a fifty-two week high of $10.37. The firm has a market capitalization of $409.80 million, a price-to-earnings ratio of -21.06, a PEG ratio of 1.67 and a beta of 1.11. The firm’s 50 day moving average is $7.26 and its 200-day moving average is $7.28.

Several large investors have recently made changes to their positions in the stock. Kennedy Capital Management Inc. raised its holdings in ZIX by 160.5% during the 1st quarter. Kennedy Capital Management Inc. now owns 1,932,577 shares of the software maker’s stock worth $14,591,000 after buying an additional 1,190,575 shares during the period. VIEX Capital Advisors LLC acquired a new stake in ZIX during the 2nd quarter worth approximately $5,280,000. Goldman Sachs Group Inc. raised its holdings in ZIX by 699.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 588,836 shares of the software maker’s stock worth $4,151,000 after buying an additional 515,171 shares during the period. First Trust Advisors LP grew its stake in shares of ZIX by 32.4% during the 2nd quarter. First Trust Advisors LP now owns 1,473,892 shares of the software maker’s stock worth $10,391,000 after acquiring an additional 360,965 shares in the last quarter. Finally, Connors Investor Services Inc. bought a new position in shares of ZIX during the 2nd quarter worth approximately $2,489,000. Institutional investors and hedge funds own 70.94% of the company’s stock.

ZIX Company Profile

Zix Corp. engages in the provision of an email encryption and security solutions. It offers Secure Cloud, a suite of productivity, security, and compliance solutions. Its products include ZixEncrypt, ZixProtech, ZixMail, ZixArchive, and ZixOne. The firm serves the financial services, healthcare, legal, real estate and title, government, information technology, and manufacturing industries.

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