Actua Corp (ACTA) Expected to Announce Earnings of -$0.15 Per Share
Equities research analysts expect Actua Corp (NASDAQ:ACTA) to report ($0.15) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Actua Corp’s earnings. Actua Corp posted earnings of ($0.21) per share during the same quarter last year, which would indicate a positive year over year growth rate of 28.6%. The firm is scheduled to issue its next earnings results on Thursday, August 3rd.
On average, analysts expect that Actua Corp will report full year earnings of ($0.57) per share for the current year. For the next financial year, analysts anticipate that the business will report earnings of ($0.37) per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Actua Corp.
Actua Corp (NASDAQ:ACTA) last released its earnings results on Thursday, May 4th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $30.50 million during the quarter, compared to analyst estimates of $29.43 million. Actua Corp had a negative net margin of 66.44% and a negative return on equity of 9.08%. Actua Corp’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.11) EPS.
ACTA has been the topic of several recent research reports. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target (up previously from $16.00) on shares of Actua Corp in a research report on Friday, March 10th. Zacks Investment Research cut shares of Actua Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 15th.
In other Actua Corp news, CFO Raymond Kirk Morgan sold 7,307 shares of the stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $13.90, for a total value of $101,567.30. Following the completion of the sale, the chief financial officer now owns 169,137 shares in the company, valued at approximately $2,351,004.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 9.80% of the company’s stock.
A number of large investors have recently bought and sold shares of ACTA. SG Americas Securities LLC purchased a new stake in Actua Corp during the first quarter valued at approximately $112,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in Actua Corp by 18.6% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 12,394 shares of the software maker’s stock valued at $161,000 after buying an additional 1,944 shares during the period. Bank of America Corp DE raised its stake in Actua Corp by 14.2% in the first quarter. Bank of America Corp DE now owns 11,671 shares of the software maker’s stock valued at $164,000 after buying an additional 1,455 shares during the period. PNC Financial Services Group Inc. raised its stake in Actua Corp by 7,966.1% in the third quarter. PNC Financial Services Group Inc. now owns 14,761 shares of the software maker’s stock valued at $191,000 after buying an additional 14,578 shares during the period. Finally, LGL Partners LLC purchased a new stake in Actua Corp during the fourth quarter valued at approximately $280,000. Hedge funds and other institutional investors own 65.61% of the company’s stock.
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Actua Corp (NASDAQ:ACTA) remained flat at $14.00 during mid-day trading on Tuesday. 91,644 shares of the stock traded hands. The company has a 50-day moving average of $14.04 and a 200 day moving average of $13.92. Actua Corp has a 1-year low of $8.56 and a 1-year high of $15.27. The stock has a market capitalization of $445.35 million, a price-to-earnings ratio of 6.63 and a beta of 1.57.
Actua Corp Company Profile
Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), Folio Dynamics Holdings Inc (FolioDynamix), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.
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