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.
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.
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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