Equities research analysts forecast that Zix Corporation (NASDAQ:ZIXI) will post earnings of $0.03 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Zix Corporation’s earnings. Zix Corporation also reported earnings per share of $0.03 in the same quarter last year. The company is scheduled to issue its next earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that Zix Corporation will report full year earnings of $0.12 per share for the current year. For the next financial year, analysts expect that the firm will report earnings of $0.18 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Zix Corporation.
Zix Corporation (NASDAQ:ZIXI) last announced its quarterly earnings data on Tuesday, August 1st. The software maker reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.01. Zix Corporation had a net margin of 10.48% and a return on equity of 16.24%. The company had revenue of $16.38 million for the quarter, compared to the consensus estimate of $16.34 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year.
ZIXI has been the subject of several research analyst reports. Dougherty & Co reaffirmed a “buy” rating and set a $7.00 target price (up previously from $5.50) on shares of Zix Corporation in a research note on Saturday, July 22nd. BidaskClub lowered shares of Zix Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Imperial Capital lowered shares of Zix Corporation from an “outperform” rating to an “in-line” rating and set a $6.50 target price for the company. in a research note on Tuesday, June 13th. Finally, Zacks Investment Research lowered shares of Zix Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $6.08.
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Shares of Zix Corporation (NASDAQ:ZIXI) opened at 4.94 on Friday. The company’s 50-day moving average is $5.58 and its 200-day moving average is $5.37. Zix Corporation has a one year low of $3.65 and a one year high of $6.67. The company has a market cap of $267.30 million, a price-to-earnings ratio of 41.17 and a beta of 1.36.
Zix Corporation announced that its Board of Directors has initiated a stock buyback program on Tuesday, April 25th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the software maker to buy up to 3.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
In other news, Director Richard Spurr sold 5,126 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $5.95, for a total transaction of $30,499.70. Following the sale, the director now owns 26,404 shares of the company’s stock, valued at $157,103.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 35,101 shares of company stock worth $204,212 in the last three months. Corporate insiders own 4.50% of the company’s stock.
Several hedge funds have recently modified their holdings of ZIXI. Alliancebernstein L.P. boosted its stake in shares of Zix Corporation by 1,385.2% in the first quarter. Alliancebernstein L.P. now owns 357,736 shares of the software maker’s stock valued at $1,721,000 after buying an additional 333,650 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Zix Corporation by 10.9% in the first quarter. Renaissance Technologies LLC now owns 3,367,890 shares of the software maker’s stock valued at $16,200,000 after buying an additional 331,490 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Zix Corporation by 54.2% in the first quarter. JPMorgan Chase & Co. now owns 618,136 shares of the software maker’s stock valued at $2,973,000 after buying an additional 217,199 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Zix Corporation by 10.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,048,744 shares of the software maker’s stock valued at $9,854,000 after buying an additional 188,317 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Zix Corporation by 95.6% in the first quarter. Acadian Asset Management LLC now owns 362,522 shares of the software maker’s stock valued at $1,745,000 after buying an additional 177,164 shares in the last quarter. 64.24% of the stock is currently owned by institutional investors and hedge funds.
Zix Corporation Company Profile
Zix Corporation offers e-mail encryption, data loss prevention and bring-your-own-device (BYOD) security to meet business data protection and compliance needs. The Company operates through e-mail encryption and security solutions. Its Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.
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