Acxiom Stock Price Down 6.2% on Disappointing Earnings (ACXM)
Acxiom (NASDAQ:ACXM)’s share price was down 6.2% on Tuesday following a weaker than expected earnings announcement, ARN reports. The stock traded as low as $17.10 and last traded at $17.44, with a volume of 2,008,551 shares. The stock had previously closed at $18.60.
The company reported $0.13 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.06. The company had revenue of $242.20 million for the quarter, compared to the consensus estimate of $246.26 million. During the same quarter last year, the company posted $0.17 earnings per share. Acxiom’s revenue was down 5.8% compared to the same quarter last year.
A number of analysts have recently weighed in on ACXM shares. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Acxiom in a research note on Tuesday. They now have a $20.00 price target on the stock, down previously from $25.00. Separately, analysts at Zacks downgraded shares of Acxiom from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $17.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Acxiom in a research note on Monday, May 26th. They now have a $24.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Acxiom has an average rating of “Hold” and a consensus price target of $27.25.
The stock has a 50-day moving average of $20.43 and a 200-day moving average of $28.48. The company has a market cap of $1.386 billion and a price-to-earnings ratio of 156.30.
Acxiom Corporation (NASDAQ:ACXM) is an enterprise data, analytics and software-as-a-service company.
Receive News & Ratings for Acxiom Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acxiom Co and related companies with Analyst Ratings Network's FREE daily email newsletter.