Acxiom Corporation (ACXM) Scheduled to Post Quarterly Earnings on Wednesday
Acxiom Corporation (NASDAQ:ACXM) will announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Acxiom Corporation has set its FY18 guidance at approx $0.80 EPS.
Acxiom Corporation (NASDAQ:ACXM) last posted its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.14 earnings per share for the quarter, meeting the consensus estimate 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 $213.00 million during the quarter, compared to the consensus estimate of $217.32 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. On average, analysts expect Acxiom Corporation to post $0.34 EPS for the current fiscal year and $0.64 EPS for the next fiscal year.
Shares of Acxiom Corporation (NASDAQ ACXM) opened at 25.12 on Wednesday. The firm has a 50-day moving average of $24.41 and a 200 day moving average of $25.68. The company’s market capitalization is $2.00 billion. Acxiom Corporation has a 1-year low of $21.80 and a 1-year high of $30.40.
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In other Acxiom Corporation news, CFO Warren Jenson purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was bought at an average cost of $22.09 per share, with a total value of $220,900.00. Following the transaction, the chief financial officer now directly owns 377,415 shares in the company, valued at approximately $8,337,097.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.54% of the company’s stock.
ACXM has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Acxiom Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Cantor Fitzgerald reissued a “buy” rating and set a $33.00 price target on shares of Acxiom Corporation in a research report on Friday, September 22nd. Dougherty & Co reissued a “buy” rating on shares of Acxiom Corporation in a research report on Thursday, August 17th. BidaskClub cut shares of Acxiom Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, BMO Capital Markets reissued a “buy” rating and set a $32.00 price target on shares of Acxiom Corporation in a research report on Sunday, July 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Acxiom Corporation has an average rating of “Hold” and a consensus target price of $32.75.
About Acxiom Corporation
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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