Zacks: Brokerages Anticipate Acxiom Co. (ACXM) Will Announce Earnings of $0.20 Per Share

Brokerages expect Acxiom Co. (NASDAQ:ACXM) to report earnings per share of $0.20 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Acxiom’s earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.18. Acxiom posted earnings of $0.15 per share in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The business is expected to issue its next quarterly earnings results on Tuesday, May 15th.

On average, analysts expect that Acxiom will report full-year earnings of $0.87 per share for the current year, with EPS estimates ranging from $0.86 to $0.88. For the next year, analysts expect that the firm will post earnings of $1.02 per share, with EPS estimates ranging from $0.91 to $1.15. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Acxiom.

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Acxiom (NASDAQ:ACXM) last issued its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $0.31 earnings per share for the quarter, topping the 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 company had revenue of $234.87 million for the quarter, compared to analysts’ expectations of $237.36 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Acxiom’s revenue for the quarter was up 5.2% on a year-over-year basis.

Several brokerages recently weighed in on ACXM. BidaskClub raised shares of Acxiom from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 20th. BMO Capital Markets boosted their price objective on shares of Acxiom from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, March 15th. They noted that the move was a valuation call. William Blair reissued a “buy” rating on shares of Acxiom in a research note on Thursday, March 8th. Stephens boosted their price objective on shares of Acxiom from $31.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Acxiom from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $32.40.

A number of institutional investors and hedge funds have recently modified their holdings of ACXM. Ameriprise Financial Inc. boosted its position in Acxiom by 5.3% during the third quarter. Ameriprise Financial Inc. now owns 231,992 shares of the information technology services provider’s stock valued at $5,716,000 after acquiring an additional 11,757 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Acxiom by 16.2% during the third quarter. Legal & General Group Plc now owns 69,971 shares of the information technology services provider’s stock valued at $1,725,000 after purchasing an additional 9,746 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Acxiom by 6.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 513,955 shares of the information technology services provider’s stock valued at $12,664,000 after purchasing an additional 32,394 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Acxiom by 2.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,054,068 shares of the information technology services provider’s stock valued at $75,253,000 after purchasing an additional 80,406 shares during the period. Finally, OxFORD Asset Management LLP acquired a new position in shares of Acxiom during the third quarter valued at about $587,000. 99.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of Acxiom stock opened at $25.50 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.29. Acxiom has a twelve month low of $18.60 and a twelve month high of $32.93. The firm has a market capitalization of $2,016.26, a P/E ratio of 102.52, a price-to-earnings-growth ratio of 4.66 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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