Brokerages Anticipate Zix Corporation (ZIXI) Will Announce Quarterly Sales of $16.76 Million

Wall Street analysts predict that Zix Corporation (NASDAQ:ZIXI) will post sales of $16.76 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Zix Corporation’s earnings, with the highest sales estimate coming in at $16.80 million and the lowest estimate coming in at $16.72 million. Zix Corporation posted sales of $15.58 million during the same quarter last year, which suggests a positive year over year growth rate of 7.6%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Zix Corporation will report full year sales of $16.76 million for the current year, with estimates ranging from $65.59 million to $65.60 million. For the next year, analysts expect that the firm will post sales of $70.64 million per share, with estimates ranging from $70.50 million to $70.78 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Zix Corporation.

Zix Corporation (NASDAQ:ZIXI) last issued its earnings results on Tuesday, October 24th. The software maker reported $0.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. Zix Corporation had a return on equity of 15.64% and a net margin of 10.49%. The firm had revenue of $16.60 million for the quarter, compared to analysts’ expectations of $16.83 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year.

Several equities research analysts have weighed in on ZIXI shares. Dougherty & Co reissued a “buy” rating and set a $7.00 price objective (up from $5.50) on shares of Zix Corporation in a research note on Saturday, July 22nd. BidaskClub cut Zix Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research cut Zix Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th.

In other Zix Corporation news, VP Dave Robertson sold 39,821 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $4.64, for a total transaction of $184,769.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.50% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Zix Corporation by 4.9% during the first quarter. Vanguard Group Inc. now owns 2,134,718 shares of the software maker’s stock valued at $10,268,000 after buying an additional 100,217 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Zix Corporation by 10.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,048,744 shares of the software maker’s stock valued at $9,854,000 after purchasing an additional 188,317 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Zix Corporation by 10.9% in the first quarter. Geode Capital Management LLC now owns 493,262 shares of the software maker’s stock valued at $2,371,000 after purchasing an additional 48,355 shares during the period. Bank of America Corp DE boosted its holdings in shares of Zix Corporation by 1.0% in the first quarter. Bank of America Corp DE now owns 489,588 shares of the software maker’s stock valued at $2,354,000 after purchasing an additional 4,880 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Zix Corporation by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 424,508 shares of the software maker’s stock valued at $2,041,000 after purchasing an additional 17,763 shares during the period. Institutional investors and hedge funds own 66.59% of the company’s stock.

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Shares of Zix Corporation (NASDAQ:ZIXI) opened at $4.56 on Friday. Zix Corporation has a twelve month low of $4.32 and a twelve month high of $6.67. The stock has a market capitalization of $258.68, a PE ratio of 30.93, a PEG ratio of 2.38 and a beta of 1.33.

Zix Corporation Company Profile

Zix Corporation offers e-mail encryption, data loss prevention and bring-your-own-device (BYOD) security to meet business data protection and compliance needs. The Company operates through e-mail encryption and security solutions. Its Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.

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