$0.19 EPS Expected for Acxiom Co. (ACXM) This Quarter

Equities research analysts forecast that Acxiom Co. (NASDAQ:ACXM) will announce earnings per share (EPS) of $0.19 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Acxiom’s earnings. The lowest EPS estimate is $0.14 and the highest is $0.23. Acxiom posted earnings of $0.14 per share in the same quarter last year, which would suggest a positive year over year growth rate of 35.7%. The firm is expected to report its next earnings report on Thursday, August 2nd.

According to Zacks, analysts expect that Acxiom will report full-year earnings of $0.97 per share for the current year, with EPS estimates ranging from $0.90 to $1.15. For the next financial year, analysts forecast that the firm will report earnings of $1.14 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Acxiom.

Acxiom (NASDAQ:ACXM) last issued its quarterly earnings data on Wednesday, May 16th. The information technology services provider reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.06. Acxiom had a return on equity of 3.84% and a net margin of 2.56%. The business had revenue of $244.80 million during the quarter, compared to analysts’ expectations of $239.56 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis.

A number of brokerages have recently weighed in on ACXM. BidaskClub raised Acxiom from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 20th. BMO Capital Markets boosted their target price on Acxiom from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, March 15th. They noted that the move was a valuation call. William Blair reissued a “buy” rating on shares of Acxiom in a research note on Thursday, March 8th. Stephens boosted their target price on Acxiom from $31.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. They noted that the move was a valuation call. Finally, TheStreet raised Acxiom from a “c” rating to a “b” rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $32.40.

Shares of Acxiom opened at $28.36 on Wednesday, according to Marketbeat. Acxiom has a twelve month low of $18.60 and a twelve month high of $32.93. The company has a quick ratio of 2.21, a current ratio of 2.02 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $2.24 billion, a PE ratio of 64.45, a PEG ratio of 15.91 and a beta of 1.23.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACXM. Bank of Montreal Can grew its stake in Acxiom by 526.1% during the 4th quarter. Bank of Montreal Can now owns 76,094 shares of the information technology services provider’s stock worth $2,098,000 after purchasing an additional 63,940 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Acxiom by 3.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 529,882 shares of the information technology services provider’s stock worth $14,604,000 after purchasing an additional 15,927 shares in the last quarter. American Capital Management Inc. grew its stake in Acxiom by 61.5% during the 4th quarter. American Capital Management Inc. now owns 743,600 shares of the information technology services provider’s stock worth $20,494,000 after purchasing an additional 283,100 shares in the last quarter. SG Americas Securities LLC grew its stake in Acxiom by 201.8% during the 4th quarter. SG Americas Securities LLC now owns 35,438 shares of the information technology services provider’s stock worth $977,000 after purchasing an additional 23,696 shares in the last quarter. Finally, Peregrine Capital Management LLC grew its stake in Acxiom by 0.6% during the 4th quarter. Peregrine Capital Management LLC now owns 1,213,374 shares of the information technology services provider’s stock worth $33,441,000 after purchasing an additional 7,637 shares in the last quarter. 97.12% of the stock is owned by hedge funds and other institutional investors.

Acxiom Company Profile

Acxiom Corporation operates as a technology and enablement services company in the United States, Europe, the Asia-Pacific, and internationally. The company operates through three segments: Connectivity, Audience Solutions, and Marketing Services. The Connectivity segment provides a foundational identity resolution layer, which enables its clients to identify and reach consumers across channels and measure the impact of marketing on sales.

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