Zix Co. (NASDAQ:ZIXI) Expected to Announce Earnings of $0.16 Per Share

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Wall Street analysts expect Zix Co. (NASDAQ:ZIXI) to announce $0.16 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for ZIX’s earnings. ZIX reported earnings of $0.09 per share in the same quarter last year, which indicates a positive year over year growth rate of 77.8%. The firm is scheduled to report its next quarterly earnings report on Thursday, February 18th.

On average, analysts expect that ZIX will report full-year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.60 to $0.62. For the next fiscal year, analysts forecast that the business will post earnings of $0.64 per share, with EPS estimates ranging from $0.52 to $0.78. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for ZIX.

ZIX (NASDAQ:ZIXI) last announced its quarterly earnings data on Monday, November 9th. The software maker reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $54.80 million for the quarter, compared to the consensus estimate of $52.76 million. ZIX had a positive return on equity of 63.79% and a negative net margin of 3.64%. ZIX’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 EPS.

Several analysts have issued reports on the company. Wedbush reaffirmed an “outperform” rating on shares of ZIX in a research report on Tuesday, November 10th. Zacks Investment Research raised shares of ZIX from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $9.90.

Shares of ZIX stock traded up $0.24 during trading on Monday, hitting $8.69. 23,996 shares of the stock traded hands, compared to its average volume of 418,292. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 5.07. The firm has a market cap of $495.25 million, a P/E ratio of -27.90, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. The stock’s fifty day simple moving average is $8.03 and its 200 day simple moving average is $6.80. ZIX has a 52-week low of $2.84 and a 52-week high of $9.46.

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of ZIX by 3.3% in the 3rd quarter. BlackRock Inc. now owns 4,360,300 shares of the software maker’s stock worth $25,463,000 after buying an additional 137,481 shares in the last quarter. FMR LLC bought a new stake in shares of ZIX in the 2nd quarter valued at $15,525,000. Peregrine Capital Management LLC boosted its stake in shares of ZIX by 18.5% in the 3rd quarter. Peregrine Capital Management LLC now owns 1,428,821 shares of the software maker’s stock valued at $8,344,000 after purchasing an additional 223,389 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of ZIX by 39.2% in the third quarter. First Trust Advisors LP now owns 1,290,206 shares of the software maker’s stock worth $7,535,000 after purchasing an additional 363,116 shares during the period. Finally, State Street Corp increased its holdings in shares of ZIX by 5.8% in the third quarter. State Street Corp now owns 1,289,680 shares of the software maker’s stock worth $7,532,000 after purchasing an additional 70,228 shares during the period. Institutional investors own 67.19% of the company’s stock.

About ZIX

Zix Corporation provides email encryption, data loss prevention (DLP), threat protection, and archiving for the secure exchange of email in the United States. The company offers Advanced Email Threat Protection, a cloud-based service that defends organizations from zero-day malware, ransomware, phishing, CEO fraud, W-2 phishing attacks, spams, and viruses in email; Information Archive, a cloud-based email retention solution that enables user retrieval, compliance, and e-discovery; Email Encryption Service that allows a user to send encrypted email to any email user anywhere and on any Internet-enabled device; cloud-based cybersecurity solutions; and e-signatures and secure file sharing solutions.

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