Acacia Research (ACTG) Scheduled to Post Quarterly Earnings on Thursday

Acacia Research (NASDAQ:ACTG) will be releasing its earnings data after the market closes on Thursday, May 9th. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Acacia Research (NASDAQ:ACTG) last issued its earnings results on Thursday, March 14th. The business services provider reported $0.67 EPS for the quarter. Acacia Research had a net margin of 48.92% and a return on equity of 11.47%. The company had revenue of $92.31 million for the quarter.

Acacia Research Trading Up 1.2 %

NASDAQ:ACTG opened at $4.93 on Thursday. The firm has a market capitalization of $493.10 million, a P/E ratio of 16.90 and a beta of 0.46. The company has a quick ratio of 19.67, a current ratio of 20.07 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average of $4.71 and a 200 day moving average of $4.14. Acacia Research has a 52 week low of $3.43 and a 52 week high of $5.47.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Craig Hallum upped their price target on Acacia Research from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. StockNews.com upgraded shares of Acacia Research from a “sell” rating to a “hold” rating in a research note on Monday, March 18th.

Acacia Research Company Profile

Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies. The company operates through three segments, Intellectual Property Operations, Industrial Operations, and Energy Operations.