Zix Co. (NASDAQ:ZIXI) Expected to Post Earnings of $0.16 Per Share

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Equities analysts expect Zix Co. (NASDAQ:ZIXI) to post earnings of $0.16 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for ZIX’s earnings, with estimates ranging from $0.15 to $0.16. ZIX posted earnings of $0.08 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 100%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, May 5th.

According to Zacks, analysts expect that ZIX will report full-year earnings of $0.60 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.61. For the next year, analysts anticipate that the business will report earnings of $0.70 per share, with EPS estimates ranging from $0.68 to $0.70. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for ZIX.

ZIX (NASDAQ:ZIXI) last issued its earnings results on Thursday, February 25th. The software maker reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). ZIX had a positive return on equity of 63.79% and a negative net margin of 3.64%. The business had revenue of $57.87 million during the quarter, compared to the consensus estimate of $56.79 million.

Several equities research analysts have recently issued reports on ZIXI shares. Stephens started coverage on shares of ZIX in a research report on Monday, February 1st. They set an “overweight” rating and a $11.00 price objective for the company. Cowen reissued a “buy” rating and set a $9.00 price objective on shares of ZIX in a research report on Wednesday, February 3rd. Colliers Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of ZIX in a research report on Sunday, March 7th. Finally, Zacks Investment Research lowered ZIX from a “hold” rating to a “sell” rating in a report on Thursday, April 29th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $9.70.

In other ZIX news, Director Taher Elgamal sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $7.76, for a total value of $194,000.00. Following the completion of the sale, the director now owns 81,837 shares of the company’s stock, valued at $635,055.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 20.20% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Rhumbline Advisers lifted its position in shares of ZIX by 5.9% during the 4th quarter. Rhumbline Advisers now owns 69,758 shares of the software maker’s stock valued at $602,000 after acquiring an additional 3,910 shares during the period. US Bancorp DE lifted its holdings in shares of ZIX by 32.9% in the first quarter. US Bancorp DE now owns 24,485 shares of the software maker’s stock worth $185,000 after buying an additional 6,055 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its position in shares of ZIX by 14.2% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 54,124 shares of the software maker’s stock worth $467,000 after purchasing an additional 6,740 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of ZIX in the fourth quarter worth approximately $75,000. Finally, Simmons Bank bought a new position in ZIX during the fourth quarter valued at approximately $95,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

NASDAQ ZIXI opened at $7.34 on Tuesday. The stock has a market cap of $418.81 million, a P/E ratio of -23.68, a PEG ratio of 1.23 and a beta of 1.21. ZIX has a twelve month low of $4.91 and a twelve month high of $10.37. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 5.07. The company’s 50-day simple moving average is $7.60 and its 200 day simple moving average is $7.87.

About ZIX

Zix Corporation provides solutions for email encryption, data loss prevention, threat protection, unified archiving, and cloud data backup in the United States, Israel, Canada, the United Kingdom, and Switzerland. The company offers Advanced Email Threat Protection, a cloud-based service that defends organizations from zero-day malware, ransomware, phishing, CEO fraud, W-2 phishing attacks, spams, and viruses in email; and Information Archive, a cloud-based email retention solution that enables user retrieval, compliance, and e-discovery.

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