Brokerages Expect Acxiom Corporation (ACXM) to Post $0.15 EPS
Analysts expect that Acxiom Corporation (NASDAQ:ACXM) will announce $0.15 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Acxiom Corporation’s earnings, with estimates ranging from $0.11 to $0.18. Acxiom Corporation posted earnings per share of $0.18 in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.7%. The business is expected to report its next earnings results on Monday, November 6th.
According to Zacks, analysts expect that Acxiom Corporation will report full year earnings of $0.80 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.81. For the next year, analysts forecast that the company will post earnings of $1.05 per share, with EPS estimates ranging from $1.00 to $1.08. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Acxiom Corporation.
Acxiom Corporation (NASDAQ:ACXM) last announced its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.14 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.14. Acxiom Corporation had a positive return on equity of 3.22% and a negative net margin of 0.13%. The firm had revenue of $213 million during the quarter, compared to analysts’ expectations of $217.32 million. During the same quarter last year, the firm posted $0.15 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year.
ACXM has been the subject of several analyst reports. Dougherty & Co reaffirmed a “buy” rating on shares of Acxiom Corporation in a research report on Thursday, August 17th. Zacks Investment Research raised shares of Acxiom Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 29th. BidaskClub cut shares of Acxiom Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price objective (up previously from $33.00) on shares of Acxiom Corporation in a research report on Wednesday, May 17th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $32.00 price objective on shares of Acxiom Corporation in a research report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Acxiom Corporation currently has a consensus rating of “Hold” and an average target price of $33.20.
Shares of Acxiom Corporation (ACXM) traded up 0.90% during mid-day trading on Wednesday, reaching $23.50. The company had a trading volume of 433,037 shares. The company has a 50 day moving average price of $24.61 and a 200 day moving average price of $26.73. Acxiom Corporation has a one year low of $21.80 and a one year high of $30.40. The company’s market capitalization is $1.87 billion.
In other news, CFO Warren Jenson acquired 10,000 shares of Acxiom Corporation stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average cost of $22.09 per share, for a total transaction of $220,900.00. Following the acquisition, the chief financial officer now owns 377,415 shares of the company’s stock, valued at $8,337,097.35. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Clark M. Kokich sold 3,855 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $25.84, for a total transaction of $99,613.20. Following the completion of the sale, the director now owns 80,506 shares in the company, valued at $2,080,275.04. The disclosure for this sale can be found here. 3.54% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in ACXM. Meadow Creek Investment Management LLC raised its stake in shares of Acxiom Corporation by 0.6% in the first quarter. Meadow Creek Investment Management LLC now owns 4,368 shares of the information technology services provider’s stock valued at $124,000 after buying an additional 28 shares in the last quarter. ETF Managers Group LLC bought a new stake in shares of Acxiom Corporation during the second quarter valued at approximately $119,000. Riverhead Capital Management LLC raised its stake in shares of Acxiom Corporation by 73.9% in the second quarter. Riverhead Capital Management LLC now owns 4,694 shares of the information technology services provider’s stock valued at $122,000 after buying an additional 1,994 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of Acxiom Corporation by 0.6% in the first quarter. Glen Harbor Capital Management LLC now owns 5,304 shares of the information technology services provider’s stock valued at $151,000 after buying an additional 34 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Acxiom Corporation by 20.5% in the second quarter. LS Investment Advisors LLC now owns 6,172 shares of the information technology services provider’s stock valued at $160,000 after buying an additional 1,050 shares in the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/09/02/brokerages-expect-acxiom-corporation-acxm-to-post-0-15-eps.html.
Acxiom Corporation Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Acxiom Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acxiom Corporation and related stocks with our FREE daily email newsletter.