Analysts Expect Marchex, Inc. (NASDAQ:MCHX) Will Announce Earnings of $0.01 Per Share

Analysts expect Marchex, Inc. (NASDAQ:MCHX) to announce $0.01 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Marchex’s earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at $0.00. The company is scheduled to issue its next earnings report after the market closes on Wednesday, August 7th.

According to Zacks, analysts expect that Marchex will report full-year earnings of $0.01 per share for the current financial year. For the next fiscal year, analysts expect that the company will report earnings of $0.01 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Marchex.

Marchex (NASDAQ:MCHX) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $26.41 million for the quarter, compared to analyst estimates of $24.99 million. Marchex had a negative net margin of 3.40% and a negative return on equity of 1.77%.

A number of research firms have recently issued reports on MCHX. Northland Securities reiterated a “buy” rating and set a $7.00 price objective on shares of Marchex in a research note on Friday, May 3rd. ValuEngine lowered shares of Marchex from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 3rd. Finally, Zacks Investment Research lowered shares of Marchex from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $6.42.

In related news, major shareholder Edenbrook Capital, Llc purchased 30,200 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average price of $4.17 per share, with a total value of $125,934.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Long Only Value Fund Edenbrook purchased 61,600 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were bought at an average cost of $4.11 per share, with a total value of $253,176.00. The disclosure for this purchase can be found here. Insiders have bought 108,908 shares of company stock worth $454,004 in the last quarter. Insiders own 22.49% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC bought a new stake in Marchex in the first quarter valued at $55,000. Raymond James Trust N.A. increased its stake in Marchex by 72.4% in the 1st quarter. Raymond James Trust N.A. now owns 19,426 shares of the technology company’s stock worth $92,000 after purchasing an additional 8,160 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Marchex by 44.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 26,235 shares of the technology company’s stock worth $124,000 after purchasing an additional 8,067 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Marchex during the 1st quarter valued at about $150,000. Finally, Algert Global LLC grew its stake in Marchex by 196.6% during the 1st quarter. Algert Global LLC now owns 31,905 shares of the technology company’s stock valued at $151,000 after acquiring an additional 21,149 shares in the last quarter. 50.85% of the stock is owned by institutional investors and hedge funds.

Shares of MCHX traded down $0.23 during mid-day trading on Monday, reaching $3.97. 9,523 shares of the stock traded hands, compared to its average volume of 129,739. The stock has a market cap of $177.89 million, a price-to-earnings ratio of -66.67 and a beta of 1.45. The firm has a fifty day moving average of $4.53. Marchex has a 12-month low of $2.47 and a 12-month high of $5.57. The company has a current ratio of 3.50, a quick ratio of 3.50 and a debt-to-equity ratio of 0.07.

About Marchex

Marchex, Inc operates as a call analytics company that helps businesses connect, drive, measure, and convert callers into customers. Its products include Marchex Call Analytics, an analytics platform for enterprises that depend on inbound phone calls to drive sales, appointments, and reservations; Marchex Speech Analytics that enable actionable insights for enterprise, mid-sized, and small businesses; Text Analytics and Communications, which enable businesses to send and receive text/SMS messages with customers; Call Monitoring; Marchex Omnichannel Analytics Cloud products, such as Marchex Search Analytics, a product for search marketers that drive phone calls from search campaigns, as well as Marchex Display and Video Analytics, a product for marketers that buy digital display advertising; Marchex Site Analytics, a product for marketers that can drive phone calls from Websites; and Marchex Social Analytics, a product for marketers that buy social media advertising.

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