Brokerages Anticipate Actua Corp (ACTA) to Announce -$0.28 Earnings Per Share

Wall Street brokerages expect Actua Corp (NASDAQ:ACTA) to announce ($0.28) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Actua’s earnings. Actua posted earnings per share of ($0.06) during the same quarter last year, which would suggest a negative year over year growth rate of 366.7%. The firm is expected to report its next quarterly earnings report on Thursday, March 8th.

On average, analysts expect that Actua will report full-year earnings of ($1.01) per share for the current fiscal year. For the next year, analysts expect that the company will post earnings of ($0.95) per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Actua.

ACTA has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Actua from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. Zacks Investment Research lowered shares of Actua from a “hold” rating to a “sell” rating in a research note on Monday, December 18th.

Actua (NASDAQ ACTA) traded down $0.02 during midday trading on Friday, hitting $0.82. 183,638 shares of the company were exchanged, compared to its average volume of 973,276. Actua has a fifty-two week low of $0.68 and a fifty-two week high of $16.05. The firm has a market capitalization of $32.84, a price-to-earnings ratio of -2.73 and a beta of 1.61.

The business also recently disclosed a special dividend, which was paid on Thursday, February 1st. Investors of record on Monday, January 29th were paid a dividend of $14.89 per share. The ex-dividend date was Friday, February 2nd. This represents a dividend yield of 0.939432176656152%.

In related news, CFO Raymond Kirk Morgan sold 1,687 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $15.70, for a total transaction of $26,485.90. Following the transaction, the chief financial officer now owns 86,170 shares in the company, valued at $1,352,869. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.20% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. acquired a new position in Actua in the third quarter worth approximately $141,000. Tudor Investment Corp ET AL acquired a new position in Actua in the second quarter worth approximately $162,000. SG Americas Securities LLC acquired a new position in Actua in the third quarter worth approximately $197,000. Numeric Investors LLC acquired a new position in Actua in the second quarter worth approximately $191,000. Finally, UBS Asset Management Americas Inc. acquired a new position in Actua in the second quarter worth approximately $201,000. Hedge funds and other institutional investors own 72.58% of the company’s stock.

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Actua Company Profile

Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.

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