Marchex Inc. to Post Q3 2016 Earnings of ($0.08) Per Share, Roth Capital Forecasts (MCHX)
Marchex Inc. (NASDAQ:MCHX) – Roth Capital lowered their Q3 2016 earnings per share (EPS) estimates for shares of Marchex in a research note issued on Tuesday. Roth Capital analyst D. Aftahi now expects that the brokerage will post earnings per share of ($0.08) for the quarter, down from their previous forecast of ($0.07). Roth Capital currently has a “Neutral” rating on the stock. Roth Capital also issued estimates for Marchex’s FY2016 earnings at ($0.31) EPS and Q1 2017 earnings at ($0.04) EPS.
Marchex (NASDAQ:MCHX) last released its earnings results on Tuesday, August 9th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The company earned $34.40 million during the quarter, compared to the consensus estimate of $34.97 million. Marchex had a negative return on equity of 5.14% and a negative net margin of 50.09%. Marchex’s revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 EPS.
Separately, Zacks Investment Research upgraded Marchex from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $5.69.
Marchex (NASDAQ:MCHX) opened at 2.60 on Thursday. The firm’s market capitalization is $108.50 million. The firm has a 50-day moving average price of $2.78 and a 200 day moving average price of $3.39. Marchex has a 52-week low of $2.55 and a 52-week high of $5.14.
Several institutional investors have recently modified their holdings of MCHX. Springbok Capital Management LLC boosted its position in shares of Marchex by 12.2% in the first quarter. Springbok Capital Management LLC now owns 23,139 shares of the company’s stock worth $103,000 after buying an additional 2,520 shares during the last quarter. TFS Capital LLC acquired a new position in shares of Marchex during the second quarter worth $114,000. Rhumbline Advisers increased its position in shares of Marchex by 8.2% in the second quarter. Rhumbline Advisers now owns 57,043 shares of the company’s stock worth $181,000 after buying an additional 4,320 shares in the last quarter. Menta Capital LLC increased its position in shares of Marchex by 2.6% in the second quarter. Menta Capital LLC now owns 69,099 shares of the company’s stock worth $220,000 after buying an additional 1,772 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Marchex by 1.6% in the second quarter. California State Teachers Retirement System now owns 70,117 shares of the company’s stock worth $223,000 after buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 53.84% of the company’s stock.
Marchex, Inc is an advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. The Company’s media analytics products connect call data to media channels, including search and display – down to the campaign, keyword and impression.
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