Acacia Research (ACTG) to Release Quarterly Earnings on Thursday

Acacia Research (NASDAQ:ACTG) is projected to issue its quarterly earnings data before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $47.75 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Acacia Research Trading Up 1.0 %

Shares of Acacia Research stock opened at $4.23 on Wednesday. The firm has a market capitalization of $411.87 million, a PE ratio of 7.98 and a beta of 0.49. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12. The firm’s 50 day moving average is $4.28 and its 200 day moving average is $4.48. Acacia Research has a 1 year low of $3.88 and a 1 year high of $5.74.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Acacia Research from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th.

About Acacia Research

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.