Equities research analysts expect Marchex, Inc. (NASDAQ:MCHX) to announce sales of $18.23 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Marchex’s earnings. The lowest sales estimate is $15.30 million and the highest is $21.16 million. Marchex reported sales of $26.34 million in the same quarter last year, which would suggest a negative year over year growth rate of 30.8%. The company is expected to announce its next quarterly earnings report on Wednesday, August 5th.
On average, analysts expect that Marchex will report full-year sales of $87.04 million for the current fiscal year, with estimates ranging from $84.40 million to $89.67 million. For the next fiscal year, analysts expect that the business will report sales of $93.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Marchex.
Marchex (NASDAQ:MCHX) last posted its earnings results on Monday, May 11th. The technology company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.03). The company had revenue of $24.79 million for the quarter, compared to analysts’ expectations of $23.31 million. Marchex had a negative net margin of 26.43% and a negative return on equity of 5.36%.
MCHX stock traded up $0.02 during mid-day trading on Monday, reaching $1.52. 322,492 shares of the company traded hands, compared to its average volume of 243,734. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.25 and a quick ratio of 3.25. The company has a market capitalization of $66.63 million, a P/E ratio of -2.63 and a beta of 1.83. Marchex has a 52-week low of $1.10 and a 52-week high of $4.98. The company has a fifty day moving average price of $1.54 and a 200-day moving average price of $2.43.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in shares of Marchex by 3.2% during the fourth quarter. Renaissance Technologies LLC now owns 2,587,172 shares of the technology company’s stock worth $9,780,000 after purchasing an additional 81,423 shares in the last quarter. BlackRock Inc. lifted its position in Marchex by 1.9% in the 1st quarter. BlackRock Inc. now owns 2,582,897 shares of the technology company’s stock worth $3,745,000 after buying an additional 49,114 shares during the last quarter. Harbert Fund Advisors Inc. lifted its position in Marchex by 2.7% in the 4th quarter. Harbert Fund Advisors Inc. now owns 1,065,959 shares of the technology company’s stock worth $4,029,000 after buying an additional 28,504 shares during the last quarter. Heartland Advisors Inc. lifted its position in Marchex by 11.1% in the 4th quarter. Heartland Advisors Inc. now owns 1,000,000 shares of the technology company’s stock worth $3,780,000 after buying an additional 100,000 shares during the last quarter. Finally, P.A.W. Capital Corp lifted its position in Marchex by 5.9% in the 1st quarter. P.A.W. Capital Corp now owns 900,000 shares of the technology company’s stock worth $1,305,000 after buying an additional 50,000 shares during the last quarter. 65.60% of the stock is owned by institutional investors.
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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