Acxiom (ACXM) Posts Quarterly Earnings, Beats Expectations By $0.04 EPS
Acxiom (NASDAQ:ACXM) posted its quarterly earnings results on Wednesday. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04, American Banking and Market News reports. The company had revenue of $277.00 million for the quarter, compared to the consensus estimate of $278.57 million.
Acxiom (NASDAQ:ACXM) traded down 1.81% during mid-day trading on Wednesday, hitting $27.14. The stock had a trading volume of 814,070 shares. Acxiom has a 52 week low of $19.23 and a 52 week high of $39.30. The stock has a 50-day moving average of $30.71 and a 200-day moving average of $34.1. The company has a market cap of $2.073 billion and a price-to-earnings ratio of 41.25.
ACXM has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Acxiom in a research note on Monday, May 5th. They now have a $30.00 price target on the stock. On the ratings front, analysts at TheStreet downgraded shares of Acxiom from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Finally, analysts at Ned Davis Research upgraded shares of Acxiom from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $31.75.
Acxiom Corporation (NASDAQ:ACXM) is an enterprise data, analytics and software-as-a-service company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.