Acxiom (NASDAQ:ACXM) announced its earnings results on Wednesday. The information technology services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06, Briefing.com reports. The business had revenue of $244.80 million during the quarter, compared to analysts’ expectations of $239.56 million. Acxiom had a net margin of 1.14% and a return on equity of 2.77%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $0.15 EPS. Acxiom updated its FY19 guidance to $0.90-0.95 EPS.
Shares of Acxiom opened at $27.56 on Thursday, MarketBeat reports. 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 stock has a market cap of $2.14 billion, a P/E ratio of 88.90, a PEG ratio of 4.98 and a beta of 1.23. Acxiom has a 12-month low of $27.22 and a 12-month high of $27.54.
A number of equities research analysts recently issued reports on ACXM shares. Zacks Investment Research upgraded shares of Acxiom from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. BidaskClub cut shares of Acxiom from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 30th. BMO Capital Markets reiterated a “buy” rating and set a $33.00 target price on shares of Acxiom in a research report on Monday, April 16th. Stephens reiterated a “buy” rating and set a $31.00 target price on shares of Acxiom in a research report on Wednesday, February 7th. Finally, Wells Fargo set a $33.00 target price on shares of Acxiom and gave the stock a “buy” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued 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.
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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