Analysts Anticipate Acxiom Co. (ACXM) to Announce $0.19 EPS

Wall Street analysts expect that Acxiom Co. (NASDAQ:ACXM) will post $0.19 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Acxiom’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.14. Acxiom reported earnings of $0.14 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 35.7%. The business is expected to report its next earnings report on Thursday, August 2nd.

According to Zacks, analysts expect that Acxiom will report full-year earnings of $1.03 per share for the current year, with EPS estimates ranging from $0.90 to $1.15. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.14 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Acxiom.

Acxiom (NASDAQ:ACXM) last released its earnings results on Wednesday, May 16th. The information technology services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. Acxiom had a net margin of 2.56% and a return on equity of 3.84%. The firm had revenue of $244.80 million for the quarter, compared to analyst estimates of $239.56 million. During the same period last year, the firm earned $0.15 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year.

ACXM has been the topic of several recent analyst reports. TheStreet raised shares of Acxiom from a “c+” rating to a “b-” rating in a report on Wednesday, May 23rd. BidaskClub raised shares of Acxiom from a “hold” rating to a “buy” rating in a report on Saturday, March 10th. William Blair reaffirmed a “buy” rating on shares of Acxiom in a report on Thursday, March 8th. Zacks Investment Research raised shares of Acxiom from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Tuesday, April 3rd. Finally, Wells Fargo & Co set a $33.00 price target on shares of Acxiom and gave the company a “buy” rating in a report on Monday, April 2nd. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $32.40.

Several institutional investors have recently made changes to their positions in ACXM. Bank of Montreal Can grew its holdings in shares of Acxiom by 526.1% during the 4th quarter. Bank of Montreal Can now owns 76,094 shares of the information technology services provider’s stock valued at $2,098,000 after purchasing an additional 63,940 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Acxiom by 3.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 529,882 shares of the information technology services provider’s stock worth $14,604,000 after buying an additional 15,927 shares during the period. SG Americas Securities LLC boosted its position in Acxiom by 201.8% during the 4th quarter. SG Americas Securities LLC now owns 35,438 shares of the information technology services provider’s stock worth $977,000 after buying an additional 23,696 shares during the period. American Century Companies Inc. acquired a new stake in Acxiom during the 4th quarter worth approximately $304,000. Finally, ING Groep NV boosted its position in Acxiom by 22.5% during the 4th quarter. ING Groep NV now owns 11,953 shares of the information technology services provider’s stock worth $329,000 after buying an additional 2,199 shares during the period. 98.85% of the stock is currently owned by institutional investors.

Acxiom traded up $0.19, hitting $30.32, during mid-day trading on Friday, MarketBeat Ratings reports. The stock had a trading volume of 22,655 shares, compared to its average volume of 835,158. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.30. Acxiom has a 52 week low of $18.60 and a 52 week high of $32.93. The firm has a market cap of $2.33 billion, a P/E ratio of 68.93, a P/E/G ratio of 16.82 and a beta of 1.24.

About Acxiom

Acxiom Corporation operates as a technology and enablement services company in the United States, Europe, the Asia-Pacific, and internationally. The company operates through three segments: Connectivity, Audience Solutions, and Marketing Services. The Connectivity segment provides a foundational identity resolution layer, which enables its clients to identify and reach consumers across channels and measure the impact of marketing on sales.

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