Analysts Expect Actua Corporation (ACTA) Will Announce Quarterly Sales of $32.43 Million
Brokerages expect Actua Corporation (NASDAQ:ACTA) to report sales of $32.43 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Actua Corporation’s earnings, with estimates ranging from $32.10 million to $32.75 million. Actua Corporation posted sales of $27.94 million during the same quarter last year, which indicates a positive year-over-year growth rate of 16.1%. The business is expected to issue its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Actua Corporation will report full year sales of $32.43 million for the current year, with estimates ranging from $127.50 million to $128.65 million. For the next financial year, analysts expect that the company will post sales of $148.85 million per share, with estimates ranging from $147.90 million to $149.80 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Actua Corporation.
Actua Corporation (NASDAQ:ACTA) last released its quarterly earnings data on Wednesday, August 9th. The software maker reported ($0.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. The firm had revenue of $31.19 million for the quarter, compared to the consensus estimate of $31.57 million. Actua Corporation had a negative return on equity of 5.42% and a net margin of 67.78%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.35) earnings per share.
A number of research analysts recently commented on the stock. BidaskClub downgraded shares of Actua Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Zacks Investment Research downgraded shares of Actua Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Finally, ValuEngine downgraded shares of Actua Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Actua Corporation has a consensus rating of “Hold” and an average price target of $16.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in ACTA. SG Americas Securities LLC bought a new stake in Actua Corporation in the first quarter worth about $112,000. Trexquant Investment LP bought a new stake in Actua Corporation in the second quarter worth about $149,000. Tudor Investment Corp ET AL bought a new stake in Actua Corporation in the second quarter worth about $162,000. Bank of America Corp DE lifted its stake in Actua Corporation by 14.2% in the first quarter. Bank of America Corp DE now owns 11,671 shares of the software maker’s stock worth $164,000 after purchasing an additional 1,455 shares during the last quarter. Finally, Numeric Investors LLC bought a new stake in Actua Corporation in the second quarter worth about $191,000. 73.12% of the stock is owned by institutional investors and hedge funds.
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Actua Corporation (NASDAQ ACTA) traded down 0.81% on Wednesday, hitting $12.30. The stock had a trading volume of 50,870 shares. The firm has a market cap of $380.83 million, a price-to-earnings ratio of 5.19 and a beta of 1.63. The company’s 50 day moving average price is $12.61 and its 200 day moving average price is $13.66. Actua Corporation has a 52-week low of $10.10 and a 52-week high of $15.28.
Actua Corporation Company Profile
Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), Folio Dynamics Holdings Inc (FolioDynamix), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.
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