ACI Worldwide, Inc. (ACIW) to Release Earnings on Wednesday
ACI Worldwide, Inc. (NASDAQ:ACIW) is set to post its quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect ACI Worldwide to post earnings of ($0.09) per share for the quarter.
ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.11. The business had revenue of $240.60 million for the quarter, compared to analyst estimates of $225.87 million. ACI Worldwide had a return on equity of 8.92% and a net margin of 2.47%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.15) EPS. On average, analysts expect ACI Worldwide to post $0.51 EPS for the current fiscal year and $0.59 EPS for the next fiscal year.
Shares of ACI Worldwide, Inc. (ACIW) opened at 23.95 on Wednesday. ACI Worldwide, Inc. has a 52-week low of $15.11 and a 52-week high of $24.65. The company’s 50 day moving average price is $23.31 and its 200 day moving average price is $22.73. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 110.88 and a beta of 1.34.
A number of equities research analysts recently commented on ACIW shares. DA Davidson started coverage on ACI Worldwide in a research note on Thursday, August 31st. They set a “buy” rating and a $26.00 price objective for the company. BidaskClub raised ACI Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Zacks Investment Research cut ACI Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $25.50.
In other ACI Worldwide news, CEO Philip G. Heasley bought 5,000 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was purchased at an average cost of $21.32 per share, with a total value of $106,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John M. Shay, Jr. sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $23.19, for a total value of $463,800.00. Following the completion of the transaction, the director now directly owns 81,896 shares of the company’s stock, valued at $1,899,168.24. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/25/aci-worldwide-inc-aciw-to-release-earnings-on-wednesday.html.
ACI Worldwide Company Profile
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
Receive News & Ratings for ACI Worldwide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.