Acxiom Co. (ACXM) Expected to Post Quarterly Sales of $244.65 Million

Equities analysts expect Acxiom Co. (NASDAQ:ACXM) to post sales of $244.65 million for the current quarter, Zacks reports. Two analysts have provided estimates for Acxiom’s earnings. The lowest sales estimate is $240.69 million and the highest is $248.60 million. Acxiom reported sales of $224.87 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.8%. The business is expected to report its next earnings results on Tuesday, May 15th.

According to Zacks, analysts expect that Acxiom will report full-year sales of $244.65 million for the current financial year, with estimates ranging from $913.32 million to $927.00 million. For the next year, analysts anticipate that the business will report sales of $1.02 billion per share, with estimates ranging from $991.24 million to $1.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Acxiom.

Acxiom (NASDAQ:ACXM) last announced its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.20. Acxiom had a return on equity of 2.77% and a net margin of 1.14%. The company had revenue of $234.87 million for the quarter, compared to analysts’ expectations of $237.36 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Acxiom’s revenue was up 5.2% compared to the same quarter last year.

A number of research firms have weighed in on ACXM. BidaskClub lowered Acxiom from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Stephens restated a “buy” rating and set a $31.00 target price on shares of Acxiom in a report on Wednesday, February 7th. BMO Capital Markets upped their target price on Acxiom from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. TheStreet upgraded Acxiom from a “c” rating to a “b” rating in a report on Tuesday, February 6th. Finally, Zacks Investment Research upgraded Acxiom from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $33.00.

Institutional investors have recently bought and sold shares of the business. Shelton Capital Management purchased a new stake in Acxiom during the second quarter worth $213,000. Cipher Capital LP purchased a new stake in shares of Acxiom during the 3rd quarter valued at $262,000. American Century Companies Inc. purchased a new stake in shares of Acxiom during the 4th quarter valued at $304,000. ING Groep NV lifted its holdings in shares of Acxiom by 22.5% during the 4th quarter. ING Groep NV now owns 11,953 shares of the information technology services provider’s stock valued at $329,000 after purchasing an additional 2,199 shares during the last quarter. Finally, Wrapmanager Inc. lifted its holdings in shares of Acxiom by 41.6% during the 3rd quarter. Wrapmanager Inc. now owns 16,411 shares of the information technology services provider’s stock valued at $404,000 after purchasing an additional 4,821 shares during the last quarter. Institutional investors own 98.54% of the company’s stock.

Shares of Acxiom (ACXM) opened at $26.78 on Monday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $2,118.31, a price-to-earnings ratio of 107.12, a price-to-earnings-growth ratio of 9.23 and a beta of 1.25. Acxiom has a twelve month low of $21.80 and a twelve month high of $29.75.

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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.

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