Brokerages expect that Alteryx (NYSE:AYX) will report ($0.07) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Alteryx’s earnings, with the lowest EPS estimate coming in at ($0.07) and the highest estimate coming in at ($0.06). Alteryx posted earnings of ($0.08) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.5%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, May 9th.
According to Zacks, analysts expect that Alteryx will report full year earnings of ($0.26) per share for the current financial year, with EPS estimates ranging from ($0.28) to ($0.24). For the next fiscal year, analysts forecast that the company will report earnings of ($0.14) per share, with EPS estimates ranging from ($0.23) to ($0.06). Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Alteryx.
Alteryx (NYSE:AYX) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.05. Alteryx had a negative return on equity of 8.51% and a negative net margin of 13.30%. The firm had revenue of $38.60 million during the quarter, compared to analysts’ expectations of $35.89 million. During the same period last year, the business posted ($0.11) earnings per share. The company’s revenue for the quarter was up 54.6% compared to the same quarter last year.
Several brokerages have recently issued reports on AYX. KeyCorp restated a “sector weight” rating on shares of Alteryx in a research note on Wednesday, March 14th. Zacks Investment Research cut Alteryx from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. Cowen restated an “outperform” rating and issued a $34.00 price objective (up from $29.00) on shares of Alteryx in a research note on Thursday, February 22nd. Bank of America raised their price objective on Alteryx from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, Needham & Company LLC began coverage on Alteryx in a research note on Tuesday, April 10th. They issued a “buy” rating and a $39.00 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Alteryx has a consensus rating of “Hold” and a consensus price target of $33.67.
Shares of NYSE:AYX opened at $38.11 on Thursday. Alteryx has a 52-week low of $14.79 and a 52-week high of $38.88. The stock has a market capitalization of $2,070.77 and a PE ratio of -122.94.
In related news, CRO Robert Scott Jones sold 40,226 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $33.88, for a total transaction of $1,362,856.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Dean Stoecker sold 40,000 shares of the firm’s stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of $33.99, for a total value of $1,359,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 329,552 shares of company stock worth $11,144,987.
A number of institutional investors have recently bought and sold shares of the stock. Alkeon Capital Management LLC acquired a new stake in Alteryx during the fourth quarter worth about $632,000. MetLife Investment Advisors LLC acquired a new stake in Alteryx during the fourth quarter worth about $279,000. Tensile Capital Management LLC acquired a new stake in Alteryx during the fourth quarter worth about $6,088,000. Metropolitan Life Insurance Co. NY acquired a new stake in Alteryx during the fourth quarter worth about $192,000. Finally, PEAK6 Investments L.P. acquired a new stake in Alteryx during the fourth quarter worth about $433,000. 33.12% of the stock is currently owned by hedge funds and other institutional investors.
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Alteryx Company Profile
Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.
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