Alteryx Inc (NYSE:AYX) Expected to Announce Quarterly Sales of $93.73 Million

Equities analysts expect that Alteryx Inc (NYSE:AYX) will announce sales of $93.73 million for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Alteryx’s earnings, with the highest sales estimate coming in at $96.00 million and the lowest estimate coming in at $92.51 million. Alteryx posted sales of $82.04 million in the same quarter last year, which would indicate a positive year over year growth rate of 14.2%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, July 29th.

On average, analysts expect that Alteryx will report full year sales of $494.33 million for the current financial year, with estimates ranging from $482.10 million to $517.70 million. For the next fiscal year, analysts expect that the firm will report sales of $640.90 million, with estimates ranging from $611.00 million to $668.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Alteryx.

Alteryx (NYSE:AYX) last issued its earnings results on Wednesday, May 6th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). The business had revenue of $108.80 million for the quarter, compared to the consensus estimate of $105.64 million. Alteryx had a return on equity of 7.04% and a net margin of 1.28%. The company’s quarterly revenue was up 43.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.04 earnings per share.

A number of brokerages recently weighed in on AYX. Needham & Company LLC raised their target price on shares of Alteryx from $140.00 to $164.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Citigroup reduced their target price on shares of Alteryx from $175.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. DA Davidson decreased their price objective on shares of Alteryx from $145.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Piper Sandler raised shares of Alteryx from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $90.00 to $160.00 in a research note on Tuesday, May 19th. Finally, Oppenheimer decreased their price objective on shares of Alteryx from $155.00 to $135.00 in a research note on Tuesday, March 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $137.07.

NYSE:AYX traded down $1.83 during trading hours on Friday, reaching $162.42. 1,457,356 shares of the company’s stock were exchanged, compared to its average volume of 1,449,420. The company has a market capitalization of $10.71 billion, a P/E ratio of 3,248.40 and a beta of 1.41. Alteryx has a 12 month low of $75.17 and a 12 month high of $168.56. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 1.59. The business’s 50-day simple moving average is $142.13 and its two-hundred day simple moving average is $123.18.

In related news, insider Christopher M. Lal sold 5,840 shares of Alteryx stock in a transaction on Monday, June 15th. The shares were sold at an average price of $142.21, for a total value of $830,506.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dean Stoecker sold 30,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $142.02, for a total transaction of $4,260,600.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 160,689 shares of company stock valued at $20,026,744. Insiders own 13.58% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Capital World Investors raised its stake in shares of Alteryx by 125.3% in the fourth quarter. Capital World Investors now owns 5,974,776 shares of the company’s stock worth $597,896,000 after acquiring an additional 3,322,545 shares during the last quarter. Norges Bank acquired a new position in Alteryx during the fourth quarter valued at approximately $50,681,000. Invesco Ltd. grew its holdings in Alteryx by 67.8% during the first quarter. Invesco Ltd. now owns 880,076 shares of the company’s stock valued at $83,757,000 after purchasing an additional 355,514 shares during the period. Trivest Advisors Ltd acquired a new position in Alteryx during the first quarter valued at approximately $32,272,000. Finally, Baird Financial Group Inc. acquired a new position in Alteryx during the fourth quarter valued at approximately $33,760,000. Institutional investors and hedge funds own 73.68% of the company’s stock.

Alteryx Company Profile

Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, and citizen data scientists worldwide. Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.

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Earnings History and Estimates for Alteryx (NYSE:AYX)

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