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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Acxiom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acxiom and related companies with MarketBeat.com's FREE daily email newsletter.