Acacia Research (NASDAQ:ACTG) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Acacia Research (NASDAQ:ACTG - Get Free Report) issued its earnings results on Thursday. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02), Zacks reports. Acacia Research had a net margin of 31.44% and a return on equity of 10.35%.

Acacia Research Stock Performance

ACTG stock opened at $4.07 on Thursday. The company has a 50-day simple moving average of $4.28 and a 200 day simple moving average of $4.48. The company has a market capitalization of $396.29 million, a P/E ratio of 7.70 and a beta of 0.49. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12. Acacia Research has a fifty-two week low of $3.88 and a fifty-two week high of $5.74.

Analyst Ratings Changes

Separately, StockNews.com downgraded Acacia Research from a "hold" rating to a "sell" rating in a research report on Thursday.

Acacia Research Company Profile

Acacia is a publicly traded Nasdaq: ACTG company that is focused on acquiring and operating businesses across the industrial, energy and technology sectors where it believes it can leverage its expertise, significant capital base, and deep industry relationships to drive value. Acacia evaluates opportunities based on the attractiveness of the underlying cash flows, without regard to a specific investment horizon.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.