Acxiom (NASDAQ:ACXM) announced its quarterly earnings results on Wednesday. The information technology services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06, Briefing.com reports. Acxiom had a net margin of 2.56% and a return on equity of 3.82%. The company had revenue of $244.80 million for the quarter, compared to the consensus estimate of $239.56 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Acxiom updated its FY19 guidance to $0.90-0.95 EPS.
Shares of Acxiom opened at $27.50 on Friday, according to MarketBeat. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.29. The company has a market cap of $2.15 billion, a P/E ratio of 76.56, a PEG ratio of 5.01 and a beta of 1.23. Acxiom has a 1 year low of $27.22 and a 1 year high of $27.54.
Several brokerages have issued reports on ACXM. BidaskClub downgraded shares of Acxiom from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Stephens reaffirmed a “buy” rating and issued a $31.00 price target on shares of Acxiom in a report on Wednesday, February 7th. BMO Capital Markets upped their price target on shares of Acxiom from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. TheStreet raised shares of Acxiom from a “c” rating to a “b” rating in a report on Tuesday, February 6th. Finally, Zacks Investment Research raised shares of Acxiom from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target 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.
Receive News & Ratings for Acxiom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acxiom and related companies with MarketBeat.com's FREE daily email newsletter.