Acacia Research (ACTG) to Release Quarterly Earnings on Thursday

Acacia Research (NASDAQ:ACTG) will announce its earnings results after the market closes on Thursday, May 9th. Investors that are interested in participating in the company’s conference call can do so using this link.

Acacia Research (NASDAQ:ACTG) last announced its quarterly earnings results on Thursday, March 14th. The business services provider reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $92.31 million during the quarter. Acacia Research had a return on equity of 11.47% and a net margin of 48.92%.

Acacia Research Stock Up 1.2 %

Shares of NASDAQ ACTG opened at $5.21 on Wednesday. The company has a market capitalization of $521.10 million, a price-to-earnings ratio of 17.97 and a beta of 0.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 20.07 and a quick ratio of 19.67. The business has a 50-day moving average of $4.82 and a two-hundred day moving average of $4.19. Acacia Research has a 1 year low of $3.43 and a 1 year high of $5.47.

Analyst Ratings Changes

A number of analysts have issued reports on ACTG shares. StockNews.com raised Acacia Research from a “sell” rating to a “hold” rating in a report on Monday, March 18th. Craig Hallum boosted their target price on Acacia Research from $6.00 to $7.00 and gave the company a “buy” rating in a report on Friday, March 15th.

Acacia Research Company Profile

Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies. The company operates through three segments, Intellectual Property Operations, Industrial Operations, and Energy Operations.