Q3 2017 EPS Estimates for Acxiom Corp. Reduced by William Blair (ACXM)
Acxiom Corp. (NASDAQ:ACXM) – Equities researchers at William Blair cut their Q3 2017 earnings estimates for Acxiom Corp. in a research note issued to investors on Tuesday. William Blair analyst A. Klauber now expects that the firm will post earnings of $0.05 per share for the quarter, down from their prior estimate of $0.09. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Acxiom Corp.’s Q4 2017 earnings at $0.05 EPS, FY2017 earnings at $0.26 EPS, Q1 2018 earnings at $0.07 EPS, Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.12 EPS and FY2018 earnings at $0.42 EPS.
Acxiom Corp. (NASDAQ:ACXM) last released its earnings results on Monday, November 7th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The company earned $217 million during the quarter, compared to the consensus estimate of $216.47 million. Acxiom Corp. had a net margin of 0.93% and a return on equity of 3.47%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 EPS.
ACXM has been the subject of a number of other reports. Zacks Investment Research raised shares of Acxiom Corp. from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Thursday, October 20th. Dougherty & Co increased their price target on shares of Acxiom Corp. from $28.00 to $35.00 and gave the company a “buy” rating in a report on Friday, August 5th. Cantor Fitzgerald began coverage on shares of Acxiom Corp. in a report on Wednesday, September 14th. They issued a “buy” rating and a $31.00 price target for the company. Finally, BMO Capital Markets raised shares of Acxiom Corp. from a “market perform” rating to an “outperform” rating and increased their price target for the company from $23.00 to $28.00 in a report on Friday, August 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $30.75.
Shares of Acxiom Corp. (NASDAQ:ACXM) opened at 26.97 on Friday. The company has a market cap of $2.09 billion, a P/E ratio of 178.61 and a beta of 1.13. The stock has a 50 day moving average of $25.30 and a 200 day moving average of $23.80. Acxiom Corp. has a 52-week low of $17.32 and a 52-week high of $27.24.
Several institutional investors have recently made changes to their positions in ACXM. Teachers Advisors Inc. boosted its position in shares of Acxiom Corp. by 2.6% in the first quarter. Teachers Advisors Inc. now owns 116,687 shares of the company’s stock worth $2,502,000 after buying an additional 2,956 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Acxiom Corp. by 8.7% in the first quarter. Prudential Financial Inc. now owns 54,299 shares of the company’s stock worth $1,165,000 after buying an additional 4,358 shares in the last quarter. BlackRock Inc. boosted its position in shares of Acxiom Corp. by 6.8% in the first quarter. BlackRock Inc. now owns 33,421 shares of the company’s stock worth $717,000 after buying an additional 2,135 shares in the last quarter. BlackRock Group LTD boosted its position in shares of Acxiom Corp. by 20.6% in the first quarter. BlackRock Group LTD now owns 55,324 shares of the company’s stock worth $1,186,000 after buying an additional 9,457 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Acxiom Corp. by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,266,346 shares of the company’s stock worth $48,590,000 after buying an additional 43,115 shares in the last quarter. Institutional investors own 96.59% of the company’s stock.
About Acxiom Corp.
Acxiom Corporation (Acxiom) is a technology and enablement services company. The Company operates through three business segments: Marketing Services, Audience Solutions, and Connectivity. The Company’s Marketing Services segment helps clients to unify data at individual level. The Audience Solutions segment helps clients to validate the accuracy of their people-based data, enhance it with additional insight and keep it up to date, enabling clients to reach desired audiences with relevant messages.
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