Acacia Research (ACTG) to Release Quarterly Earnings on Thursday

Acacia Research (NASDAQ:ACTG) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 9th. Individual interested in registering for the company’s earnings conference call can do so using this link.

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

Acacia Research Stock Up 1.2 %

Shares of NASDAQ:ACTG opened at $5.21 on Wednesday. Acacia Research has a 12 month low of $3.43 and a 12 month high of $5.47. The company’s 50-day moving average price is $4.82 and its two-hundred day moving average price is $4.19. The company has a quick ratio of 19.67, a current ratio of 20.07 and a debt-to-equity ratio of 0.02. The firm has a market cap of $521.10 million, a P/E ratio of 17.97 and a beta of 0.50.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ACTG. StockNews.com raised shares of Acacia Research from a “sell” rating to a “hold” rating in a research note on Monday, March 18th. Craig Hallum lifted their price objective on shares of Acacia Research from $6.00 to $7.00 and gave the stock a “buy” rating in a research note 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.