Marchex (MCHX) to Release Quarterly Earnings on Wednesday

Marchex (NASDAQ:MCHX) will be issuing its quarterly earnings data after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.

Shares of Marchex (MCHX) opened at $3.50 on Wednesday. Marchex has a twelve month low of $2.50 and a twelve month high of $3.75. The firm has a market capitalization of $150.66, a price-to-earnings ratio of -12.93 and a beta of 1.32.

The company also recently announced a special dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Thursday, March 8th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, March 7th. This is an increase from Marchex’s previous special dividend of $0.14.

MCHX has been the subject of a number of research reports. Zacks Investment Research raised Marchex from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a report on Thursday, November 9th. ValuEngine downgraded Marchex from a “hold” rating to a “sell” rating in a report on Thursday, November 9th.

In other news, major shareholder Edenbrook Capital, Llc bought 133,700 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was bought at an average price of $3.35 per share, with a total value of $447,895.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 27.35% of the stock is currently owned by company insiders.

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About Marchex

Marchex, Inc is a mobile advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. Its media analytics products can provide actionable intelligence on media channels advertisers use to acquire customers over the phone. Its Marchex Omnichannel Analytics Cloud helps marketers connect customer conversions driven from paid media channels, including search, display and video, social and sites, to phone calls made to a business.

Earnings History for Marchex (NASDAQ:MCHX)

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