Marchex (MCHX) Set to Announce Quarterly Earnings on Wednesday

Marchex (NASDAQ:MCHX) will be issuing its Q2 2019 quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $26.41 million for the quarter, compared to analysts’ expectations of $24.99 million. Marchex had a negative net margin of 3.40% and a negative return on equity of 1.77%. On average, analysts expect Marchex to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ:MCHX traded up $0.13 during mid-day trading on Monday, reaching $4.33. The stock had a trading volume of 1,851 shares, compared to its average volume of 129,739. The business has a 50-day simple moving average of $4.53. The stock has a market capitalization of $177.89 million, a PE ratio of -72.17 and a beta of 1.45. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 0.07. Marchex has a 12 month low of $2.47 and a 12 month high of $5.57.

A number of brokerages have weighed in on MCHX. ValuEngine lowered shares of Marchex from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 3rd. Zacks Investment Research lowered shares of Marchex from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Northland Securities restated a “buy” rating and issued a $7.00 target price on shares of Marchex in a research report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $6.42.

In related news, major shareholder Edenbrook Capital, Llc bought 30,200 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were purchased at an average price of $4.17 per share, for a total transaction of $125,934.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Long Only Value Fund Edenbrook bought 61,600 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was bought at an average price of $4.11 per share, for a total transaction of $253,176.00. The disclosure for this purchase can be found here. Insiders acquired 108,908 shares of company stock worth $454,004 in the last 90 days. Company insiders own 22.49% of the company’s stock.

Marchex Company Profile

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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Earnings History for Marchex (NASDAQ:MCHX)

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