Zacks: Brokerages Anticipate ACI Worldwide, Inc. (ACIW) to Post -$0.06 Earnings Per Share
Wall Street analysts expect ACI Worldwide, Inc. (NASDAQ:ACIW) to post earnings per share (EPS) of ($0.06) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for ACI Worldwide’s earnings. The lowest EPS estimate is ($0.10) and the highest is ($0.02). ACI Worldwide reported earnings per share of ($0.04) during the same quarter last year, which would suggest a negative year over year growth rate of 50%. The company is scheduled to announce its next quarterly earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that ACI Worldwide will report full-year earnings of $0.52 per share for the current fiscal year, with EPS estimates ranging from $0.42 to $0.61. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.59 per share, with EPS estimates ranging from $0.52 to $0.71. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for ACI Worldwide.
ACI Worldwide (NASDAQ:ACIW) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.11. ACI Worldwide had a return on equity of 8.92% and a net margin of 2.47%. The company had revenue of $240.60 million for the quarter, compared to analyst estimates of $225.87 million. During the same quarter in the previous year, the company earned ($0.15) EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year.
ACIW has been the subject of several recent analyst reports. DA Davidson initiated coverage on shares of ACI Worldwide in a research report on Thursday, August 31st. They issued a “buy” rating and a $26.00 target price for the company. Zacks Investment Research upgraded shares of ACI Worldwide from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research report on Monday, July 31st. BidaskClub upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Finally, ValuEngine upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. ACI Worldwide currently has a consensus rating of “Buy” and an average target price of $25.50.
In related news, Director John M. Shay, Jr. sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $23.19, for a total transaction of $463,800.00. Following the completion of the sale, the director now directly owns 81,896 shares of the company’s stock, valued at $1,899,168.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Philip G. Heasley bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average cost of $21.32 per share, with a total value of $106,600.00. The disclosure for this purchase can be found here. 4.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in ACIW. Riverhead Capital Management LLC lifted its stake in ACI Worldwide by 62.0% during the second quarter. Riverhead Capital Management LLC now owns 6,157 shares of the technology company’s stock valued at $138,000 after purchasing an additional 2,357 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of ACI Worldwide in the 1st quarter valued at approximately $170,000. LS Investment Advisors LLC lifted its position in shares of ACI Worldwide by 1.2% in the 1st quarter. LS Investment Advisors LLC now owns 8,019 shares of the technology company’s stock valued at $172,000 after acquiring an additional 93 shares in the last quarter. Strs Ohio lifted its position in shares of ACI Worldwide by 113.2% in the 1st quarter. Strs Ohio now owns 8,100 shares of the technology company’s stock valued at $173,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of ACI Worldwide in the 1st quarter valued at approximately $204,000.
Shares of ACI Worldwide (NASDAQ:ACIW) opened at 22.50 on Monday. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 104.17 and a beta of 1.33. ACI Worldwide has a one year low of $15.11 and a one year high of $24.65. The firm has a 50-day moving average price of $22.22 and a 200-day moving average price of $22.36.
About ACI Worldwide
ACI Worldwide, Inc develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes or acts as a sales agent for software developed by third parties. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors, both in domestic and international markets.
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