Zacks: Analysts Expect Actua Corporation (ACTA) to Post -$0.03 Earnings Per Share

Wall Street brokerages forecast that Actua Corporation (NASDAQ:ACTA) will announce earnings per share (EPS) of ($0.03) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Actua Corporation’s earnings. Actua Corporation posted earnings of ($0.04) per share during the same quarter last year, which would indicate a positive year over year growth rate of 25%. The business is expected to report its next earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Actua Corporation will report full-year earnings of ($0.13) per share for the current financial year, with EPS estimates ranging from ($0.13) to ($0.12). For the next financial year, analysts anticipate that the firm will report earnings of ($0.10) per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Actua Corporation.

Actua Corporation (NASDAQ:ACTA) last announced its quarterly earnings results on Wednesday, August 9th. The software maker reported ($0.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. The business had revenue of $31.19 million for the quarter, compared to analyst estimates of $31.57 million. Actua Corporation had a negative return on equity of 5.42% and a net margin of 67.78%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.35) EPS.

Several equities research analysts have commented on ACTA shares. Zacks Investment Research upgraded shares of Actua Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub upgraded shares of Actua Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th.

Several hedge funds and other institutional investors have recently bought and sold shares of ACTA. Renaissance Technologies LLC boosted its position in Actua Corporation by 99.7% in the second quarter. Renaissance Technologies LLC now owns 1,325,719 shares of the software maker’s stock valued at $18,626,000 after buying an additional 661,800 shares during the period. Dimensional Fund Advisors LP boosted its position in Actua Corporation by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,669,742 shares of the software maker’s stock valued at $37,510,000 after buying an additional 159,629 shares during the period. OxFORD Asset Management LLP bought a new position in Actua Corporation during the second quarter valued at about $1,375,000. State Street Corp boosted its position in Actua Corporation by 14.0% in the second quarter. State Street Corp now owns 683,241 shares of the software maker’s stock valued at $9,597,000 after buying an additional 83,956 shares during the period. Finally, Citadel Advisors LLC boosted its position in Actua Corporation by 101.6% in the second quarter. Citadel Advisors LLC now owns 106,109 shares of the software maker’s stock valued at $1,491,000 after buying an additional 53,480 shares during the period. Institutional investors and hedge funds own 73.37% of the company’s stock.

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Shares of Actua Corporation (NASDAQ:ACTA) traded down 1.56% during midday trading on Wednesday, hitting $12.60. The stock had a trading volume of 78,701 shares. The company has a market cap of $390.12 million, a P/E ratio of 5.32 and a beta of 1.63. Actua Corporation has a one year low of $10.09 and a one year high of $15.28. The firm has a 50 day moving average of $13.09 and a 200-day moving average of $13.78.

About Actua Corporation

Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), Folio Dynamics Holdings Inc (FolioDynamix), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.

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