Analysts Anticipate Marchex, Inc. (NASDAQ:MCHX) to Announce -$0.09 EPS

Analysts expect Marchex, Inc. (NASDAQ:MCHX) to post ($0.09) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Marchex’s earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at ($0.08). Marchex reported earnings of $0.01 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 1,000%. The company is expected to issue its next earnings results on Wednesday, August 5th.

According to Zacks, analysts expect that Marchex will report full-year earnings of ($0.21) per share for the current fiscal year, with EPS estimates ranging from ($0.21) to ($0.20). For the next financial year, analysts expect that the business will post earnings of ($0.02) per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Marchex.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings results on Monday, May 11th. The technology company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.03). The firm had revenue of $24.79 million for the quarter, compared to the consensus estimate of $23.31 million. Marchex had a negative net margin of 26.43% and a negative return on equity of 5.36%.

MCHX has been the topic of several research reports. Zacks Investment Research cut shares of Marchex from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. TheStreet cut shares of Marchex from a “c-” rating to a “d+” rating in a report on Tuesday, March 10th. Finally, Northland Securities restated a “buy” rating and issued a $4.00 target price on shares of Marchex in a report on Tuesday, May 12th.

Shares of MCHX traded down $0.02 on Friday, hitting $1.50. 3,481,397 shares of the stock traded hands, compared to its average volume of 280,161. Marchex has a one year low of $1.10 and a one year high of $4.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 3.25. The business has a 50 day simple moving average of $1.54 and a 200 day simple moving average of $2.43. The company has a market capitalization of $66.63 million, a PE ratio of -2.54 and a beta of 1.82.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jefferies Group LLC bought a new stake in Marchex in the 4th quarter valued at $41,000. Renaissance Technologies LLC increased its holdings in Marchex by 3.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,587,172 shares of the technology company’s stock valued at $9,780,000 after acquiring an additional 81,423 shares during the last quarter. Heartland Advisors Inc. increased its holdings in Marchex by 11.1% in the 4th quarter. Heartland Advisors Inc. now owns 1,000,000 shares of the technology company’s stock valued at $3,780,000 after acquiring an additional 100,000 shares during the last quarter. Marshall Wace LLP bought a new stake in Marchex in the 4th quarter valued at $59,000. Finally, Barclays PLC increased its holdings in Marchex by 100.9% in the 4th quarter. Barclays PLC now owns 36,588 shares of the technology company’s stock valued at $139,000 after acquiring an additional 18,378 shares during the last quarter. Institutional investors own 65.60% of the company’s stock.

Marchex Company Profile

Marchex, Inc operates as a call analytics company that helps businesses connect, drive, measure, and convert callers into customers. Its products include Marchex Call Analytics, an analytics platform for enterprises that depend on inbound phone calls to drive sales, appointments, and reservations; Marchex Speech Analytics that enable actionable insights for enterprise, mid-sized, and small businesses; Text Analytics and Communications, which enable businesses to send and receive text/SMS messages with customers; Call Monitoring; Marchex Omnichannel Analytics Cloud products, such as Marchex Search Analytics, a product for search marketers that drive phone calls from search campaigns, as well as Marchex Display and Video Analytics, a product for marketers that buy digital display advertising; Marchex Site Analytics, a product for marketers that can drive phone calls from Websites; and Marchex Social Analytics, a product for marketers that buy social media advertising.

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