$222.22 Million in Sales Expected for Acxiom Corporation (NASDAQ:ACXM) This Quarter
Equities research analysts expect that Acxiom Corporation (NASDAQ:ACXM) will post $222.22 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Acxiom Corporation’s earnings. The lowest sales estimate is $221.40 million and the highest is $223.04 million. Acxiom Corporation reported sales of $217.27 million in the same quarter last year, which indicates a positive year over year growth rate of 2.3%. The firm is scheduled to announce its next quarterly earnings results on Monday, November 6th.
According to Zacks, analysts expect that Acxiom Corporation will report full year sales of $222.22 million for the current financial year, with estimates ranging from $925.00 million to $925.01 million. For the next fiscal year, analysts expect that the business will report sales of $1.04 billion per share, with estimates ranging from $1.03 billion to $1.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Acxiom Corporation.
Acxiom Corporation (NASDAQ:ACXM) last posted its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Acxiom Corporation had a negative net margin of 0.13% and a positive return on equity of 3.22%. The firm had revenue of $213 million during the quarter, compared to analyst estimates of $217.32 million. During the same quarter last year, the business posted $0.15 EPS. The company’s revenue was down .8% on a year-over-year basis.
Several research analysts recently commented on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 target price (up previously from $33.00) on shares of Acxiom Corporation in a report on Wednesday, May 17th. BMO Capital Markets restated a “buy” rating and set a $32.00 target price on shares of Acxiom Corporation in a report on Monday, April 17th. Zacks Investment Research upgraded shares of Acxiom Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, BidaskClub upgraded shares of Acxiom Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Acxiom Corporation currently has a consensus rating of “Hold” and an average target price of $33.20.
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In other Acxiom Corporation news, Director Clark M. Kokich sold 3,855 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $25.84, for a total value of $99,613.20. Following the completion of the sale, the director now owns 80,506 shares in the company, valued at $2,080,275.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.54% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Cloverdale Capital Management LLC boosted its stake in shares of Acxiom Corporation by 24.7% in the second quarter. Cloverdale Capital Management LLC now owns 607,183 shares of the information technology services provider’s stock worth $15,775,000 after buying an additional 120,250 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Acxiom Corporation by 1.6% in the second quarter. Stifel Financial Corp now owns 52,400 shares of the information technology services provider’s stock worth $1,361,000 after buying an additional 809 shares in the last quarter. Bamco Inc. NY boosted its stake in shares of Acxiom Corporation by 5.1% in the second quarter. Bamco Inc. NY now owns 2,230,663 shares of the information technology services provider’s stock worth $57,953,000 after buying an additional 108,234 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Acxiom Corporation by 11.7% in the second quarter. Voya Investment Management LLC now owns 34,456 shares of the information technology services provider’s stock worth $895,000 after buying an additional 3,599 shares in the last quarter. Finally, Global Endowment Management LP boosted its stake in shares of Acxiom Corporation by 2.8% in the second quarter. Global Endowment Management LP now owns 18,460 shares of the information technology services provider’s stock worth $480,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 96.42% of the company’s stock.
Acxiom Corporation (ACXM) traded up 1.44% during trading on Monday, reaching $23.30. 331,813 shares of the company were exchanged. The firm has a 50-day moving average of $25.95 and a 200-day moving average of $27.24. The firm’s market cap is $1.85 billion. Acxiom Corporation has a 52-week low of $22.64 and a 52-week high of $30.40.
Acxiom Corporation Company Profile
Acxiom Corporation (Acxiom) is a technology and enablement services company. The Company operates through three business segments: Marketing Services, Audience Solutions, and Connectivity. The Company’s Marketing Services segment helps clients to unify data at individual level. The Audience Solutions segment helps clients to validate the accuracy of their people-based data, enhance it with additional insight and keep it up to date, enabling clients to reach desired audiences with relevant messages.
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