ACI Worldwide (NASDAQ:ACIW) Releases Earnings Results, Misses Estimates By $0.09 EPS
ACI Worldwide (NASDAQ:ACIW) posted its quarterly earnings results on Thursday. The technology company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.09), Briefing.com reports. ACI Worldwide had a return on equity of 10.14% and a net margin of 7.74%. The business had revenue of $354.90 million during the quarter, compared to the consensus estimate of $341.07 million. During the same quarter in the previous year, the business posted $0.13 earnings per share. The company’s quarterly revenue was up 44.6% compared to the same quarter last year.
NASDAQ:ACIW traded up $0.40 during mid-day trading on Friday, hitting $34.40. The stock had a trading volume of 465,900 shares, compared to its average volume of 695,492. The company has a 50 day simple moving average of $31.20 and a 200-day simple moving average of $32.01. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 30.99 and a beta of 1.28. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. ACI Worldwide has a 52 week low of $25.12 and a 52 week high of $35.86.
ACIW has been the topic of several recent research reports. TheStreet upgraded shares of ACI Worldwide from a “c+” rating to a “b” rating in a research report on Thursday. BidaskClub upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, October 9th. ValuEngine downgraded shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Finally, BTIG Research initiated coverage on shares of ACI Worldwide in a research report on Thursday, September 12th. They issued a “buy” rating and a $40.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $38.33.
ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.
Featured Story: The Role of a Fiduciary and Individual Investors
Receive News & Ratings for ACI Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACI Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.