Must-See Earnings Estimates for: Acacia Research (NASDAQ:ACTG)

Earnings results for Acacia Research (NASDAQ:ACTG)

Acacia Research Corporation is expected* to report earnings on 11/09/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. The reported EPS for the same quarter last year was $-0.04.

Acacia Research last announced its quarterly earnings results on August 10th, 2020. The business services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.08. The business earned $2.12 million during the quarter. Acacia Research has generated $0.00 earnings per share over the last year. Acacia Research has confirmed that its next quarterly earnings report will be published on Monday, November 9th, 2020.

Analyst Opinion on Acacia Research (NASDAQ:ACTG)

1 Wall Street analysts have issued ratings and price targets for Acacia Research in the last 12 months. Their average twelve-month price target is $5.00, predicting that the stock has a possible upside of 39.28%. The high price target for ACTG is $5.00 and the low price target for ACTG is $5.00. There are currently 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Acacia Research has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $5.00, Acacia Research has a forecasted upside of 39.3% from its current price of $3.59. Acacia Research has received no research coverage in the past 90 days.

Dividend Strength: Acacia Research (NASDAQ:ACTG)

Acacia Research does not currently pay a dividend. Acacia Research does not have a long track record of dividend growth.

Insiders buying/selling: Acacia Research (NASDAQ:ACTG)

In the past three months, Acacia Research insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $94,365.00 in company stock and sold $0.00 in company stock. Only 4.94% of the stock of Acacia Research is held by insiders. 60.70% of the stock of Acacia Research is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Acacia Research (NASDAQ:ACTG

The P/E ratio of Acacia Research is -10.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Acacia Research is -10.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Acacia Research has a P/B Ratio of 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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