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

Equities research analysts forecast that Acxiom Co. (NASDAQ:ACXM) will report sales of $239.55 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made 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 in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The firm is scheduled to announce its next 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 fiscal year, with estimates ranging from $911.00 million to $913.32 million. For the next financial year, analysts anticipate that the company will report sales of $979.12 million per share, with estimates ranging from $967.00 million to $991.24 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Acxiom.

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Acxiom (NASDAQ:ACXM) last posted its earnings results on Tuesday, February 6th. The information technology services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $237.36 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The firm’s revenue was up 5.2% on a year-over-year basis.

A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Acxiom from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research downgraded shares of Acxiom from a “buy” rating to a “sell” rating in a research report on Wednesday. ValuEngine downgraded shares of Acxiom from a “hold” rating to a “sell” rating in a research report on Tuesday. Wells Fargo set a $33.00 price objective on shares of Acxiom and gave the company a “buy” rating in a research report on Monday. Finally, BMO Capital Markets boosted their price objective on shares of Acxiom from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, March 15th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $33.60.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ING Groep NV lifted its stake in shares of Acxiom by 22.5% during the 4th quarter. ING Groep NV now owns 11,953 shares of the information technology services provider’s stock valued at $329,000 after buying an additional 2,199 shares in the last quarter. Meadow Creek Investment Management LLC lifted its stake in shares of Acxiom by 28.9% during 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 in the last quarter. Teachers Advisors LLC lifted its stake in shares of Acxiom by 0.5% during the 4th quarter. Teachers Advisors LLC now owns 511,364 shares of the information technology services provider’s stock valued at $14,093,000 after buying an additional 2,544 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Acxiom by 1.9% during the 4th quarter. Sei Investments Co. now owns 238,247 shares of the information technology services provider’s stock valued at $6,566,000 after buying an additional 4,452 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Acxiom by 9.4% during the 4th quarter. UBS Asset Management Americas Inc. now owns 52,498 shares of the information technology services provider’s stock valued at $1,447,000 after buying an additional 4,500 shares in the last quarter. Institutional investors own 98.81% of the company’s stock.

Shares of ACXM stock opened at $24.20 on Tuesday. Acxiom has a 1 year low of $18.60 and a 1 year high of $32.93. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1,832.96, a PE ratio of 78.06, a price-to-earnings-growth ratio of 4.24 and a beta of 1.24.

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Acxiom Company Profile

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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