Acxiom (ACXM) Announces Quarterly Earnings Results

Acxiom (NASDAQ:ACXM) issued its quarterly earnings data on Tuesday. The information technology services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.20, reports. Acxiom had a positive return on equity of 2.61% and a negative net margin of 1.31%. The business had revenue of $234.87 million for the quarter, compared to analysts’ expectations of $237.36 million. During the same period last year, the business earned $0.24 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Acxiom updated its FY18 guidance to $0.85-0.89 EPS.

Shares of Acxiom (ACXM) opened at $25.85 on Wednesday. The company has a market capitalization of $1,992.09, a price-to-earnings ratio of -172.33, a PEG ratio of 7.31 and a beta of 1.25. Acxiom has a 52 week low of $21.80 and a 52 week high of $29.75. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.23 and a current ratio of 2.23.

Several brokerages have weighed in on ACXM. Stephens restated a “buy” rating and set a $33.00 price objective on shares of Acxiom in a research note on Thursday, January 25th. Zacks Investment Research upgraded Acxiom from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Monday, November 6th. BMO Capital Markets raised their price objective on Acxiom to $36.00 and gave the company an “outperform” rating in a research note on Wednesday. BidaskClub cut Acxiom from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $35.00 price objective on shares of Acxiom in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Acxiom currently has an average rating of “Buy” and an average target price of $33.50.

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Acxiom 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.

Earnings History for Acxiom (NASDAQ:ACXM)

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