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

Acacia Research (NASDAQ:ACTG) posted its earnings results on Thursday. The business services provider reported ($0.09) earnings per share 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 Price Performance

NASDAQ:ACTG opened at $3.82 on Thursday. The firm has a market cap of $371.95 million, a PE ratio of 7.47 and a beta of 0.49. Acacia Research has a 12 month low of $3.88 and a 12 month high of $5.74. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $4.28 and its two-hundred day moving average price is $4.48.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of 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.