$238.73 Million in Sales Expected for Acxiom Co. (ACXM) This Quarter

Analysts expect Acxiom Co. (NASDAQ:ACXM) to report $238.73 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Acxiom’s earnings, with the highest sales estimate coming in at $240.70 million and the lowest estimate coming in at $236.76 million. Acxiom reported sales of $223.31 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The business is expected to announce its next quarterly earnings results on Tuesday, January 30th.

According to Zacks, analysts expect that Acxiom will report full year sales of $238.73 million for the current year, with estimates ranging from $921.33 million to $927.00 million. For the next financial year, analysts expect that the business will report sales of $1.03 billion per share, with estimates ranging from $1.01 billion to $1.05 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Acxiom.

Acxiom (NASDAQ:ACXM) last released its earnings results on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05. Acxiom had a negative net margin of 1.31% and a positive return on equity of 2.61%. The company had revenue of $225.24 million for the quarter, compared to the consensus estimate of $222.05 million. During the same quarter in the previous year, the company earned $0.18 EPS. Acxiom’s quarterly revenue was up 3.7% compared to the same quarter last year.

A number of research analysts recently issued reports on ACXM shares. Cantor Fitzgerald reiterated a “buy” rating and set a $33.00 target price on shares of Acxiom in a research report on Friday, September 22nd. Zacks Investment Research upgraded shares of Acxiom from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Monday, November 6th. Finally, BMO Capital Markets restated a “buy” rating and set a $32.00 price objective on shares of Acxiom in a report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Acxiom has an average rating of “Hold” and an average price target of $32.33.

Acxiom (NASDAQ:ACXM) opened at $28.11 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.23 and a current ratio of 2.23. Acxiom has a 1 year low of $21.80 and a 1 year high of $30.40. The stock has a market cap of $2,230.00, a price-to-earnings ratio of -187.40, a P/E/G ratio of 5.43 and a beta of 1.29.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACXM. Schwab Charles Investment Management Inc. raised its holdings in shares of Acxiom by 7.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 481,561 shares of the information technology services provider’s stock valued at $12,511,000 after purchasing an additional 34,133 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Acxiom in the second quarter valued at about $563,000. Legal & General Group Plc raised its holdings in shares of Acxiom by 21.6% in the second quarter. Legal & General Group Plc now owns 60,225 shares of the information technology services provider’s stock valued at $1,564,000 after purchasing an additional 10,697 shares during the last quarter. Comerica Bank raised its holdings in shares of Acxiom by 1.4% in the second quarter. Comerica Bank now owns 62,368 shares of the information technology services provider’s stock valued at $1,683,000 after purchasing an additional 844 shares during the last quarter. Finally, Federated Investors Inc. PA raised its holdings in shares of Acxiom by 6.7% in the second quarter. Federated Investors Inc. PA now owns 71,299 shares of the information technology services provider’s stock valued at $1,852,000 after purchasing an additional 4,499 shares during the last quarter. Hedge funds and other institutional investors own 98.01% of the company’s stock.

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About Acxiom

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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