Acxiom (NASDAQ:ACXM) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.90-0.95 for the period, compared to the Thomson Reuters consensus estimate of $1.02. The company issued revenue guidance of $935-955 million, compared to the consensus revenue estimate of $972.36 million.
Shares of Acxiom stock traded up $0.18 during trading on Wednesday, reaching $27.56. The company’s stock had a trading volume of 822,627 shares, compared to its average volume of 879,748. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.29. Acxiom has a one year low of $27.22 and a one year high of $27.54. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 88.77, a P/E/G ratio of 4.95 and a beta of 1.23.
A number of analysts recently commented on the company. BidaskClub lowered Acxiom from a strong-buy rating to a buy rating in a research report on Friday, March 30th. Zacks Investment Research lowered Acxiom from a buy rating to a sell rating in a research report on Wednesday, April 4th. William Blair reiterated a buy rating on shares of Acxiom in a research report on Thursday, March 8th. BMO Capital Markets lifted their price objective on Acxiom from $36.00 to $39.00 and gave the stock an outperform rating in a research report on Thursday, March 15th. They noted that the move was a valuation call. Finally, Stephens reiterated a buy rating and issued a $33.00 price objective on shares of Acxiom in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Acxiom has a consensus rating of Buy and a consensus target price of $32.40.
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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