Equities analysts forecast that Zix Corporation (NASDAQ:ZIXI) will post $16.76 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for ZIX’s earnings, with the highest sales estimate coming in at $16.80 million and the lowest estimate coming in at $16.72 million. ZIX posted sales of $15.58 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.6%. The business is expected to announce its next quarterly earnings results on Thursday, February 8th.

According to Zacks, analysts expect that ZIX will report full year sales of $16.76 million for the current fiscal year, with estimates ranging from $65.59 million to $65.60 million. For the next year, analysts expect that the company will report sales of $70.64 million per share, with estimates ranging from $70.50 million to $70.78 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow ZIX.

ZIX (NASDAQ:ZIXI) last released its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.07 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. ZIX had a net margin of 10.49% and a return on equity of 15.64%. The business had revenue of $16.60 million during the quarter, compared to analyst estimates of $16.83 million. During the same quarter last year, the business earned $0.07 earnings per share. ZIX’s quarterly revenue was up 8.5% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the stock. Dougherty & Co reduced their target price on shares of ZIX from $7.00 to $5.75 and set a “buy” rating on the stock in a research note on Thursday, November 16th. BidaskClub raised shares of ZIX from a “strong sell” rating to a “sell” rating in a research note on Friday, December 15th. Finally, Zacks Investment Research raised shares of ZIX from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Tuesday, October 31st.

Shares of ZIX (ZIXI) traded up $0.02 on Wednesday, hitting $4.55. 164,103 shares of the stock traded hands, compared to its average volume of 262,409. ZIX has a 1-year low of $4.16 and a 1-year high of $6.67. The stock has a market capitalization of $251.26, a P/E ratio of 35.00, a P/E/G ratio of 1.61 and a beta of 1.27.

In other news, VP Dave Robertson sold 39,821 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $4.64, for a total value of $184,769.44. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ZIXI. Parametric Portfolio Associates LLC increased its stake in ZIX by 356.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 58,347 shares of the software maker’s stock worth $332,000 after buying an additional 45,570 shares during the period. EAM Investors LLC purchased a new position in ZIX in the 2nd quarter worth about $540,000. Isthmus Partners LLC purchased a new position in ZIX in the 3rd quarter worth about $378,000. Finally, SG Americas Securities LLC purchased a new position in ZIX in the 3rd quarter worth about $539,000. 65.93% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Zix Corporation (ZIXI) Expected to Announce Quarterly Sales of $16.76 Million” was first published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://theolympiareport.com/2018/01/10/zix-corporation-zixi-expected-to-announce-quarterly-sales-of-16-76-million.html.

ZIX Company Profile

Zix Corporation offers e-mail encryption, data loss prevention and bring-your-own-device (BYOD) security to meet business data protection and compliance needs. The Company operates through e-mail encryption and security solutions. Its Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.

Get a free copy of the Zacks research report on ZIX (ZIXI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ZIX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZIX and related companies with MarketBeat.com's FREE daily email newsletter.