$239.15 Million in Sales Expected for Acxiom Corporation (ACXM) This Quarter
Wall Street analysts predict that Acxiom Corporation (NASDAQ:ACXM) will report $239.15 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Acxiom’s earnings, with estimates ranging from $237.60 million to $240.70 million. Acxiom posted sales of $223.31 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The company is expected to announce its next earnings report on Tuesday, January 30th.
On average, analysts expect that Acxiom will report full-year sales of $239.15 million for the current year, with estimates ranging from $924.76 million to $927.00 million. For the next financial year, analysts forecast that the company will post 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 a mean average based on a survey of research firms that that provide coverage for Acxiom.
Acxiom (NASDAQ:ACXM) last announced its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The firm had revenue of $225.24 million for the quarter, compared to analysts’ expectations of $222.05 million. Acxiom had a negative net margin of 1.31% and a positive return on equity of 2.61%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share.
Shares of Acxiom (ACXM) opened at $27.38 on Tuesday. The company has a market cap of $2,185.56, a price-to-earnings ratio of 114.96, a P/E/G ratio of 5.26 and a beta of 1.30. Acxiom has a 52-week low of $21.80 and a 52-week high of $30.40. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.23 and a quick ratio of 2.23.
Hedge funds have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC lifted its holdings in shares of Acxiom by 10.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,680,199 shares of the information technology services provider’s stock worth $41,400,000 after acquiring an additional 156,238 shares during the last quarter. Bamco Inc. NY increased its stake in shares of Acxiom by 28.4% in the third quarter. Bamco Inc. NY now owns 2,863,312 shares of the information technology services provider’s stock worth $70,552,000 after buying an additional 632,649 shares during the period. Granahan Investment Management Inc. MA increased its stake in shares of Acxiom by 1,851.5% in the third quarter. Granahan Investment Management Inc. MA now owns 206,762 shares of the information technology services provider’s stock worth $5,095,000 after buying an additional 196,167 shares during the period. Boothbay Fund Management LLC purchased a new position in Acxiom during the 3rd quarter valued at $890,000. Finally, Allianz Asset Management GmbH increased its position in Acxiom by 34.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,201,525 shares of the information technology services provider’s stock valued at $29,606,000 after purchasing an additional 307,015 shares during the period. Institutional investors own 97.96% of the company’s stock.
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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