ASX (ASXFY) to Post Quarterly Earnings on Wednesday

ASX (OTCMKTS:ASXFY) is expected to release its results before the market opens on Wednesday, August 12th. Analysts expect the company to announce earnings of $0.9650 per share and revenue of $447.6050 million for the quarter.

ASX Price Performance

ASX stock opened at $39.84 on Wednesday. ASX has a 1-year low of $32.12 and a 1-year high of $46.16. The company’s 50-day moving average is $36.30 and its 200 day moving average is $37.92.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded ASX from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ASX currently has a consensus rating of “Reduce” and a consensus target price of $57.00.

ASX Company Profile

The Australian Securities Exchange (OTCMKTS:ASXFY) is Australia’s primary securities exchange operator, providing a comprehensive range of capital-markets services. Its core activities include the listing and trading of equities, exchange-traded funds, fixed income products, derivatives and commodities. ASX also operates clearing and settlement facilities through its Clearing House Electronic Subregister System (CHESS), ensuring the integrity and efficiency of post-trade processes for both domestic and international participants.

Established in 1987 through the merger of six state-based exchanges and demutualized in 1998, ASX has continually invested in market infrastructure and technology.