Acxiom Co. (ACXM) Expected to Announce Quarterly Sales of $239.55 Million

Equities analysts expect Acxiom Co. (NASDAQ:ACXM) to post sales of $239.55 million for the current quarter, according to Zacks. Two analysts have issued estimates for Acxiom’s earnings, with the lowest sales estimate coming in at $238.40 million and the highest estimate coming in at $240.69 million. Acxiom reported sales of $224.87 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.5%. The company is expected to issue its next quarterly earnings results on Tuesday, May 15th.

According to Zacks, analysts expect that Acxiom will report full-year sales of $239.55 million for the current year, with estimates ranging from $911.00 million to $913.32 million. For the next fiscal year, analysts forecast that the firm will post sales of $991.62 million per share, with estimates ranging from $991.24 million to $992.00 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Acxiom.

Acxiom (NASDAQ:ACXM) last announced its earnings results on Tuesday, February 6th. The information technology services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.20. Acxiom had a net margin of 1.14% and a return on equity of 2.77%. The business had revenue of $234.87 million for the quarter, compared to analyst estimates of $237.36 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Acxiom’s revenue was up 5.2% compared to the same quarter last year.

ACXM has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed a “buy” rating and set a $35.00 target price on shares of Acxiom in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Acxiom from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Monday, November 6th. Stephens reaffirmed a “buy” rating and set a $33.00 target price on shares of Acxiom in a research report on Thursday, January 25th. BMO Capital Markets reaffirmed a “buy” rating and set a $32.00 target price on shares of Acxiom in a research report on Wednesday, November 22nd. Finally, BidaskClub raised shares of Acxiom from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Acxiom currently has an average rating of “Buy” and a consensus price target of $33.00.

Shares of Acxiom (NASDAQ ACXM) traded up $0.73 during mid-day trading on Monday, reaching $28.36. 380,733 shares of the company were exchanged, compared to its average volume of 550,327. Acxiom has a fifty-two week low of $21.80 and a fifty-two week high of $29.75. The company has a market capitalization of $2,240.00, a price-to-earnings ratio of 236.33, a P/E/G ratio of 9.31 and a beta of 1.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.21 and a quick ratio of 2.21.

Institutional investors have recently made changes to their positions in the business. Shelton Capital Management bought a new stake in Acxiom in the 2nd quarter valued at $213,000. Cipher Capital LP bought a new stake in Acxiom in the 3rd quarter valued at $262,000. Meadow Creek Investment Management LLC increased its holdings in Acxiom by 28.9% in the 4th quarter. Meadow Creek Investment Management LLC now owns 10,500 shares of the information technology services provider’s stock valued at $289,000 after buying an additional 2,352 shares during the period. Jane Street Group LLC bought a new stake in Acxiom in the 4th quarter valued at $300,000. Finally, American Century Companies Inc. bought a new stake in Acxiom in the 4th quarter valued at $304,000. 98.54% of the stock is currently owned by hedge funds and other institutional investors.

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Acxiom 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.

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