Wall Street analysts predict that Acxiom Corporation (NASDAQ:ACXM) will report $239.15 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Acxiom’s earnings, with estimates ranging from $237.60 million to $240.70 million. Acxiom posted sales of $223.31 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The company is expected to announce its next earnings report on Tuesday, January 30th.

On average, analysts expect that Acxiom will report full-year sales of $239.15 million for the current year, with estimates ranging from $924.76 million to $927.00 million. For the next financial year, analysts forecast that the company will post sales of $1.04 billion per share, with estimates ranging from $1.03 billion to $1.05 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Acxiom.

Acxiom (NASDAQ:ACXM) last announced its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The firm had revenue of $225.24 million for the quarter, compared to analysts’ expectations of $222.05 million. Acxiom had a negative net margin of 1.31% and a positive return on equity of 2.61%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share.

Several research firms have recently weighed in on ACXM. Cantor Fitzgerald restated a “buy” rating and set a $33.00 price objective on shares of Acxiom in a research note on Friday, September 22nd. Dougherty & Co reissued a “buy” rating on shares of Acxiom in a report on Thursday, August 17th. BMO Capital Markets reaffirmed a “buy” rating and set a $32.00 price target on shares of Acxiom in a report on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Acxiom from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Monday, November 6th. Finally, BidaskClub cut shares of Acxiom from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $32.33.

Shares of Acxiom (ACXM) opened at $27.38 on Tuesday. The company has a market cap of $2,185.56, a price-to-earnings ratio of 114.96, a P/E/G ratio of 5.26 and a beta of 1.30. Acxiom has a 52-week low of $21.80 and a 52-week high of $30.40. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.23 and a quick ratio of 2.23.

Hedge funds have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC lifted its holdings in shares of Acxiom by 10.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,680,199 shares of the information technology services provider’s stock worth $41,400,000 after acquiring an additional 156,238 shares during the last quarter. Bamco Inc. NY increased its stake in shares of Acxiom by 28.4% in the third quarter. Bamco Inc. NY now owns 2,863,312 shares of the information technology services provider’s stock worth $70,552,000 after buying an additional 632,649 shares during the period. Granahan Investment Management Inc. MA increased its stake in shares of Acxiom by 1,851.5% in the third quarter. Granahan Investment Management Inc. MA now owns 206,762 shares of the information technology services provider’s stock worth $5,095,000 after buying an additional 196,167 shares during the period. Boothbay Fund Management LLC purchased a new position in Acxiom during the 3rd quarter valued at $890,000. Finally, Allianz Asset Management GmbH increased its position in Acxiom by 34.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,201,525 shares of the information technology services provider’s stock valued at $29,606,000 after purchasing an additional 307,015 shares during the period. Institutional investors own 97.96% of the company’s stock.

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About Acxiom

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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Earnings History and Estimates for Acxiom (NASDAQ:ACXM)

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