Equities analysts predict that Acxiom Co. (NASDAQ:ACXM) will announce earnings per share of $0.06 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Acxiom’s earnings. Acxiom posted earnings per share of $0.08 in the same quarter last year, which indicates a negative year-over-year growth rate of 25%. The business is expected to announce its next earnings results on Tuesday, May 16th.
According to Zacks, analysts expect that Acxiom will report full year earnings of $0.36 per share for the current fiscal year. For the next financial year, analysts anticipate that the company will post earnings of $0.55 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Acxiom.
Acxiom (NASDAQ:ACXM) last announced its quarterly earnings results on Tuesday, January 31st. The information technology services provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.09. Acxiom had a net margin of 1.21% and a return on equity of 4.36%. The company had revenue of $223 million for the quarter, compared to analysts’ expectations of $219.44 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. Acxiom’s quarterly revenue was up .9% on a year-over-year basis.
A number of brokerages recently issued reports on ACXM. BMO Capital Markets reissued a “buy” rating and set a $32.00 price objective on shares of Acxiom in a research report on Monday. Zacks Investment Research raised Acxiom from a “hold” rating to a “strong-buy” rating and set a $33.00 target price for the company in a research report on Friday, February 3rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $33.00 target price on shares of Acxiom in a research report on Monday, March 13th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $32.80.
Institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in Acxiom by 275.2% in the third quarter. Wells Fargo & Company MN now owns 4,148,884 shares of the information technology services provider’s stock valued at $110,567,000 after buying an additional 3,043,212 shares in the last quarter. BlackRock Fund Advisors increased its position in Acxiom by 5.9% in the third quarter. BlackRock Fund Advisors now owns 4,100,912 shares of the information technology services provider’s stock valued at $109,289,000 after buying an additional 229,774 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Acxiom by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,850,572 shares of the information technology services provider’s stock valued at $76,396,000 after buying an additional 37,929 shares in the last quarter. State Street Corp increased its position in Acxiom by 0.5% in the fourth quarter. State Street Corp now owns 2,381,601 shares of the information technology services provider’s stock valued at $63,826,000 after buying an additional 12,438 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Acxiom by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,282,740 shares of the information technology services provider’s stock valued at $60,835,000 after buying an additional 7,654 shares in the last quarter. 97.91% of the stock is owned by institutional investors.
Shares of Acxiom (NASDAQ:ACXM) traded down 0.32% during midday trading on Tuesday, reaching $27.87. 355,964 shares of the company traded hands. The stock has a 50 day moving average price of $27.92 and a 200 day moving average price of $26.97. The firm has a market capitalization of $2.17 billion, a PE ratio of 209.55 and a beta of 1.10. Acxiom has a 1-year low of $19.11 and a 1-year high of $30.40.
Acxiom Corporation (Acxiom) is a technology and enablement services company. The Company operates through three business segments: Marketing Services, Audience Solutions, and Connectivity. The Company’s Marketing Services segment helps clients to unify data at individual level. The Audience Solutions segment helps clients to validate the accuracy of their people-based data, enhance it with additional insight and keep it up to date, enabling clients to reach desired audiences with relevant messages.
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