ACI Worldwide (ACIW) Set to Announce Quarterly Earnings on Tuesday

ACI Worldwide (NASDAQ:ACIW - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect ACI Worldwide to post earnings of ($0.03) per share for the quarter. ACI Worldwide has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Individual that wish to register for the company's earnings conference call can do so using this link.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last posted its earnings results on Thursday, February 29th. The technology company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.10 by $0.17. ACI Worldwide had a net margin of 8.37% and a return on equity of 16.30%. The firm had revenue of $477.00 million during the quarter, compared to analysts' expectations of $476.43 million. During the same period last year, the company posted $0.95 EPS. The company's quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts expect ACI Worldwide to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ACI Worldwide Trading Up 3.8 %

Shares of NASDAQ:ACIW traded up $1.21 on Tuesday, hitting $33.46. The company had a trading volume of 660,214 shares, compared to its average volume of 580,669. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The firm's 50-day simple moving average is $31.92 and its two-hundred day simple moving average is $28.77. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 30.14 and a beta of 1.24. ACI Worldwide has a 1 year low of $19.56 and a 1 year high of $33.83.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ACIW. Jefferies Financial Group began coverage on shares of ACI Worldwide in a research report on Friday, March 8th. They set a "buy" rating and a $38.00 price target for the company. DA Davidson reissued a "buy" rating and set a $39.00 price target on shares of ACI Worldwide in a research report on Thursday, March 14th. TheStreet raised shares of ACI Worldwide from a "c" rating to a "b-" rating in a report on Thursday, January 4th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $40.00 target price on shares of ACI Worldwide in a report on Friday, March 15th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, ACI Worldwide presently has an average rating of "Moderate Buy" and an average target price of $39.00.

About ACI Worldwide

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.