Analysts expect Acxiom Co. (NASDAQ:ACXM) to announce sales of $219.62 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Acxiom’s earnings. The highest sales estimate is $219.94 million and the lowest is $219.30 million. Acxiom reported sales of $212.51 million during the same quarter last year, which indicates a positive year over year growth rate of 3.3%. The business is expected to issue its next quarterly earnings report on Thursday, August 2nd.
On average, analysts expect that Acxiom will report full year sales of $947.80 million for the current financial year, with estimates ranging from $945.59 million to $950.00 million. For the next fiscal year, analysts expect that the firm will post sales of $1.05 billion per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Acxiom.
Get Acxiom alerts:Acxiom (NASDAQ:ACXM) last issued its quarterly earnings results on Wednesday, May 16th. The information technology services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $244.80 million during the quarter, compared to analysts’ expectations of $239.56 million. Acxiom had a return on equity of 3.84% and a net margin of 2.56%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 earnings per share.
Several research firms recently issued reports on ACXM. ValuEngine upgraded Acxiom from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 4th. BidaskClub upgraded Acxiom from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th. TheStreet upgraded Acxiom from a “c+” rating to a “b-” rating in a research report on Wednesday, May 23rd. Wells Fargo & Co increased their target price on Acxiom from $41.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 17th. Finally, Zacks Investment Research upgraded Acxiom from a “sell” rating to a “hold” rating in a research report on Thursday, April 19th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $38.40.
Large investors have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC boosted its stake in Acxiom by 28.9% during the fourth quarter. Meadow Creek Investment Management LLC now owns 10,500 shares of the information technology services provider’s stock valued at $289,000 after buying an additional 2,352 shares during the last quarter. Teachers Advisors LLC boosted its stake in Acxiom by 0.5% during the fourth quarter. Teachers Advisors LLC now owns 511,364 shares of the information technology services provider’s stock valued at $14,093,000 after buying an additional 2,544 shares during the last quarter. Swiss National Bank boosted its stake in Acxiom by 2.1% during the first quarter. Swiss National Bank now owns 138,600 shares of the information technology services provider’s stock valued at $3,148,000 after buying an additional 2,900 shares during the last quarter. Scout Investments Inc. boosted its stake in Acxiom by 8.3% during the first quarter. Scout Investments Inc. now owns 51,750 shares of the information technology services provider’s stock valued at $1,175,000 after buying an additional 3,975 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Acxiom by 9.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 52,498 shares of the information technology services provider’s stock valued at $1,447,000 after buying an additional 4,500 shares during the last quarter. Hedge funds and other institutional investors own 99.33% of the company’s stock.
ACXM traded down $0.14 during midday trading on Tuesday, reaching $43.56. The company had a trading volume of 407,197 shares, compared to its average volume of 1,180,410. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.30. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 99.00, a PEG ratio of 24.20 and a beta of 1.26. Acxiom has a 1 year low of $18.60 and a 1 year high of $44.31.
Acxiom Company Profile
Acxiom Corporation operates 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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