Marchex, Inc. (MCHX) Releases Earnings Results, Beats Expectations By $0.02 EPS
Marchex, Inc. (NASDAQ:MCHX) announced its quarterly earnings data on Wednesday. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02, Briefing.com reports. The firm had revenue of $22.02 million during the quarter, compared to analysts’ expectations of $21.97 million. Marchex had a negative net margin of 71.14% and a negative return on equity of 13.17%. The company’s revenue for the quarter was down 36.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) earnings per share.
Shares of Marchex (NASDAQ:MCHX) traded up 1.73% during mid-day trading on Wednesday, hitting $2.94. 112,519 shares of the stock were exchanged. Marchex has a 52-week low of $2.46 and a 52-week high of $3.75. The stock’s 50-day moving average price is $2.93 and its 200-day moving average price is $2.79. The company’s market cap is $124.14 million.
A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Marchex from a “sell” rating to a “hold” rating in a research note on Thursday, April 6th. ValuEngine raised shares of Marchex from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Finally, Roth Capital set a $3.00 price objective on shares of Marchex and gave the stock a “hold” rating in a research note on Saturday, May 6th.
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Marchex, Inc is a mobile advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. Its media analytics products can provide actionable intelligence on media channels advertisers use to acquire customers over the phone. Its Marchex Omnichannel Analytics Cloud helps marketers connect customer conversions driven from paid media channels, including search, display and video, social and sites, to phone calls made to a business.
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