Marchex (MCHX) Scheduled to Post Earnings on Thursday

Marchex (NASDAQ:MCHXGet Rating) is set to issue its quarterly earnings data after the market closes on Thursday, May 12th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter.

Marchex (NASDAQ:MCHXGet Rating) last announced its quarterly earnings results on Wednesday, March 2nd. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The company had revenue of $12.79 million for the quarter, compared to the consensus estimate of $12.24 million. Marchex had a negative net margin of 8.21% and a negative return on equity of 14.00%. During the same period in the previous year, the firm posted ($0.08) EPS. On average, analysts expect Marchex to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NASDAQ MCHX opened at $1.66 on Friday. The company has a market cap of $70.17 million, a P/E ratio of -16.60 and a beta of 1.93. The firm’s fifty day moving average is $2.09 and its two-hundred day moving average is $2.43. Marchex has a 52-week low of $1.65 and a 52-week high of $3.63.

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Marchex by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 269,674 shares of the technology company’s stock worth $668,000 after buying an additional 6,921 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Marchex by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 200,869 shares of the technology company’s stock worth $498,000 after buying an additional 4,934 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Marchex by 41.4% in the 3rd quarter. Millennium Management LLC now owns 33,816 shares of the technology company’s stock worth $101,000 after buying an additional 9,898 shares during the last quarter. Hedge funds and other institutional investors own 72.41% of the company’s stock.

A number of analysts have issued reports on MCHX shares. TheStreet downgraded shares of Marchex from a “c-” rating to a “d+” rating in a report on Thursday, February 24th. Zacks Investment Research downgraded shares of Marchex from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, StockNews.com initiated coverage on shares of Marchex in a report on Thursday. They issued a “hold” rating on the stock.

Marchex Company Profile (Get Rating)

Marchex, Inc operates as an analytics and solutions company that helps businesses connect, drive, measure, and convert callers into customers in the United States and Canada. Its products include Marchex Call Analytics, an analytics platform for enterprises, which depend on inbound phone calls to drive sales, appointments, and reservations; Marchex Call Analytics, Conversation Edition that enable actionable insights for enterprise, mid-sized, and small businesses; Text Analytics and Communications, a solution for intelligent mobile messaging, which enables sales, marketing, and operations teams in businesses to engage in two-way communications with field staff, prospects, and customers through text/SMS messages; Call Monitoring for call recording; and Marchex Marketing Edge, an analytics solution for marketers in enterprise, mid-sized and small businesses that depend on inbound phone calls to drive sales, appointments and reservations.

Further Reading

Earnings History for Marchex (NASDAQ:MCHX)

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