Equities research analysts expect that Zix Corporation (NASDAQ:ZIXI) will post earnings per share of $0.03 for the current quarter, Zacks reports. Three analysts have issued estimates for Zix Corporation’s earnings. Zix Corporation also posted earnings of $0.03 per share in the same quarter last year. The firm is expected to announce its next quarterly earnings results on Tuesday, October 24th.

According to Zacks, analysts expect that Zix Corporation will report full year earnings of $0.12 per share for the current financial year. For the next financial year, analysts forecast that the firm will post earnings of $0.18 per share. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Zix Corporation.

Zix Corporation (NASDAQ:ZIXI) last announced its quarterly earnings data on Tuesday, August 1st. The software maker reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.01. Zix Corporation had a net margin of 10.48% and a return on equity of 16.24%. The company had revenue of $16.38 million for the quarter, compared to the consensus estimate of $16.34 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year.

ZIXI has been the topic of a number of research reports. Imperial Capital boosted their price target on Zix Corporation from $6.00 to $6.50 and gave the company an “outperform” rating in a report on Monday, May 1st. Dougherty & Co restated a “buy” rating and issued a $7.00 price target (up from $5.50) on shares of Zix Corporation in a report on Saturday, July 22nd. BidaskClub lowered Zix Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research lowered Zix Corporation from a “hold” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $6.08.

Shares of Zix Corporation (ZIXI) opened at 4.94 on Friday. Zix Corporation has a one year low of $3.65 and a one year high of $6.67. The company’s 50-day moving average is $5.58 and its 200-day moving average is $5.37. The company has a market cap of $267.30 million, a price-to-earnings ratio of 41.17 and a beta of 1.36.

Zix Corporation announced that its board has initiated a stock repurchase program on Tuesday, April 25th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the software maker to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

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In related news, Director Richard Spurr sold 5,126 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $5.95, for a total transaction of $30,499.70. Following the sale, the director now owns 26,404 shares in the company, valued at $157,103.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 35,101 shares of company stock worth $204,212 in the last quarter. 4.50% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its stake in Zix Corporation by 9.8% in the fourth quarter. Teachers Advisors LLC now owns 150,579 shares of the software maker’s stock valued at $744,000 after buying an additional 13,454 shares during the last quarter. Thomson Horstmann & Bryant Inc. raised its stake in Zix Corporation by 10.0% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 1,352,797 shares of the software maker’s stock valued at $6,506,000 after buying an additional 122,980 shares during the last quarter. Acadian Asset Management LLC raised its stake in Zix Corporation by 95.6% in the first quarter. Acadian Asset Management LLC now owns 362,522 shares of the software maker’s stock valued at $1,745,000 after buying an additional 177,164 shares during the last quarter. Wells Fargo & Company MN raised its stake in Zix Corporation by 6.6% in the first quarter. Wells Fargo & Company MN now owns 82,971 shares of the software maker’s stock valued at $399,000 after buying an additional 5,117 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new stake in Zix Corporation during the first quarter valued at about $112,000. Institutional investors and hedge funds own 64.24% of the company’s stock.

About Zix Corporation

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.

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