Wall Street brokerages predict that Zix Co. (NASDAQ:ZIXI) will report earnings of $0.08 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for ZIX’s earnings. ZIX posted earnings per share of $0.07 in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The company is expected to report its next quarterly earnings results after the market closes on Tuesday, October 23rd.

According to Zacks, analysts expect that ZIX will report full year earnings of $0.31 per share for the current fiscal year. For the next financial year, analysts forecast that the firm will report earnings of $0.36 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for ZIX.

ZIX (NASDAQ:ZIXI) last posted its quarterly earnings data on Tuesday, July 31st. The software maker reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07. ZIX had a positive return on equity of 10.74% and a negative net margin of 10.72%. The firm had revenue of $17.50 million for the quarter.

A number of brokerages have weighed in on ZIXI. BidaskClub raised ZIX from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. ValuEngine raised ZIX from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $5.17.

In other ZIX news, Director Robert C. Hausmann sold 52,927 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $5.66, for a total value of $299,566.82. Following the sale, the director now owns 71,285 shares of the company’s stock, valued at approximately $403,473.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.70% of the company’s stock.

Several hedge funds have recently modified their holdings of ZIXI. Schwab Charles Investment Management Inc. boosted its holdings in shares of ZIX by 53.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 465,557 shares of the software maker’s stock valued at $1,988,000 after purchasing an additional 162,524 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of ZIX by 6.1% during the 1st quarter. Northern Trust Corp now owns 669,075 shares of the software maker’s stock valued at $2,857,000 after acquiring an additional 38,637 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of ZIX by 10.4% during the 1st quarter. JPMorgan Chase & Co. now owns 822,897 shares of the software maker’s stock valued at $3,513,000 after acquiring an additional 77,642 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of ZIX by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,314,493 shares of the software maker’s stock valued at $9,883,000 after acquiring an additional 22,842 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of ZIX by 217.8% during the 1st quarter. Barclays PLC now owns 28,835 shares of the software maker’s stock valued at $123,000 after acquiring an additional 19,762 shares in the last quarter. 69.06% of the stock is currently owned by hedge funds and other institutional investors.

ZIX stock traded up $0.12 during mid-day trading on Tuesday, reaching $4.92. 227,600 shares of the company were exchanged, compared to its average volume of 228,435. ZIX has a 12 month low of $3.82 and a 12 month high of $5.93. The firm has a market cap of $300.61 million, a PE ratio of 61.25, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97.

ZIX Company Profile

Zix Corporation provides email encryption, threat protection, archiving, bring-your-own-device security, and data loss prevention solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers Zix Email Encryption that allows an enterprise to use policy-driven rules to determine email messages that should be sent securely to comply with regulations or company-defined policies.

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