Analysts forecast that Marchex, Inc. (NASDAQ:MCHX) will announce earnings per share (EPS) of ($0.01) for the current quarter, according to Zacks. Two analysts have issued estimates for Marchex’s earnings, with the lowest EPS estimate coming in at ($0.01) and the highest estimate coming in at $0.00. The business is expected to announce its next quarterly earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Marchex will report full year earnings of ($0.02) per share for the current financial year, with EPS estimates ranging from ($0.03) to ($0.01). For the next financial year, analysts expect that the company will report earnings of ($0.03) per share, with EPS estimates ranging from ($0.03) to ($0.02). Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Marchex.
Marchex (NASDAQ:MCHX) last posted its earnings results on Wednesday, August 1st. The technology company reported ($0.03) earnings per share for the quarter. Marchex had a negative net margin of 3.35% and a negative return on equity of 3.44%. The company had revenue of $20.22 million during the quarter, compared to the consensus estimate of $19.60 million.
A number of analysts recently commented on the company. Zacks Investment Research upgraded Marchex from a “sell” rating to a “hold” rating in a report on Wednesday, May 16th. Northland Securities assumed coverage on Marchex in a report on Tuesday, June 12th. They set an “outperform” rating on the stock.
Shares of MCHX stock traded up $0.01 during trading hours on Thursday, reaching $2.72. The company had a trading volume of 16,711 shares, compared to its average volume of 49,537. Marchex has a 12 month low of $2.52 and a 12 month high of $3.67. The firm has a market capitalization of $115.74 million, a PE ratio of -19.43 and a beta of 1.29.
Institutional investors have recently modified their holdings of the stock. Deutsche Bank AG lifted its holdings in Marchex by 30.3% during the fourth quarter. Deutsche Bank AG now owns 174,190 shares of the technology company’s stock worth $562,000 after acquiring an additional 40,462 shares during the period. Spark Investment Management LLC lifted its holdings in Marchex by 46.9% during the second quarter. Spark Investment Management LLC now owns 121,018 shares of the technology company’s stock worth $370,000 after acquiring an additional 38,618 shares during the period. Ancora Advisors LLC lifted its holdings in Marchex by 16.6% during the first quarter. Ancora Advisors LLC now owns 955,253 shares of the technology company’s stock worth $2,608,000 after acquiring an additional 136,272 shares during the period. Unterberg Capital LLC lifted its holdings in Marchex by 94.1% during the second quarter. Unterberg Capital LLC now owns 970,526 shares of the technology company’s stock worth $2,970,000 after acquiring an additional 470,526 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Marchex by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,638,140 shares of the technology company’s stock worth $4,472,000 after acquiring an additional 86,190 shares during the period. Institutional investors and hedge funds own 50.58% of the company’s stock.
Marchex, Inc operates as a call analytics company. Its products include Marchex Call Analytics, an analytics technology platform that provides data and insights to measure the performance of mobile, online, and offline advertising for advertisers and small business resellers; and Marchex Speech Analytics delivers actionable operational and advertising insights of inbound calls from consumer's interactions.
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