Zix Corporation (ZIXI) Expected to Post Earnings of $0.08 Per Share

Equities research analysts expect that Zix Corporation (NASDAQ:ZIXI) will report earnings per share of $0.08 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for ZIX’s earnings, with estimates ranging from $0.07 to $0.08. ZIX posted earnings per share of $0.07 during the same quarter last year, which indicates a positive year-over-year growth rate of 14.3%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that ZIX will report full-year earnings of $0.28 per share for the current fiscal year. For the next financial year, analysts anticipate that the firm will post earnings of $0.33 per share, with EPS estimates ranging from $0.33 to $0.34. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow ZIX.

ZIX (NASDAQ:ZIXI) last announced its earnings results on Tuesday, October 24th. The software maker reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $16.60 million for the quarter, compared to the consensus estimate of $16.83 million. ZIX had a return on equity of 15.64% and a net margin of 10.49%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS.

Several equities analysts have recently issued reports on ZIXI shares. Zacks Investment Research upgraded ZIX from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research report on Tuesday, October 31st. Dougherty & Co lowered their price target on ZIX from $7.00 to $5.75 and set a “buy” rating on the stock in a research report on Thursday, November 16th. Finally, BidaskClub upgraded ZIX from a “strong sell” rating to a “sell” rating in a research report on Friday, December 15th.

In other news, VP Dave Robertson sold 39,821 shares of ZIX stock in a transaction on Friday, November 17th. The stock was sold at an average price of $4.64, for a total transaction of $184,769.44. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in shares of ZIX in the third quarter worth about $539,000. Isthmus Partners LLC acquired a new stake in shares of ZIX in the third quarter worth about $378,000. EAM Investors LLC acquired a new stake in shares of ZIX in the second quarter worth about $540,000. Parametric Portfolio Associates LLC lifted its position in shares of ZIX by 356.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 58,347 shares of the software maker’s stock worth $332,000 after purchasing an additional 45,570 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new position in shares of ZIX during the 2nd quarter worth about $222,000. 65.93% of the stock is owned by hedge funds and other institutional investors.

Shares of ZIX (ZIXI) traded up $0.02 during mid-day trading on Friday, hitting $4.41. The stock had a trading volume of 202,900 shares, compared to its average volume of 289,078. ZIX has a one year low of $4.16 and a one year high of $6.67. The firm has a market cap of $244.74, a PE ratio of 29.27, a PEG ratio of 2.25 and a beta of 1.27.

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ZIX Company Profile

Zix Corporation offers e-mail encryption, data loss prevention and bring-your-own-device (BYOD) security to meet business data protection and compliance needs. The Company operates through e-mail encryption and security solutions. Its Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.

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