Acacia Research (ACTG) Set to Announce Earnings on Tuesday

Acacia Research (NASDAQ:ACTG) is set to issue its quarterly earnings data before the market opens on Tuesday, November 12th. Parties that are interested in registering for the company’s conference call can do so using this link.

Acacia Research (NASDAQ:ACTG) last released its quarterly earnings results on Thursday, August 8th. The business services provider reported ($0.02) earnings per share for the quarter. The company had revenue of $25.84 million during the quarter. Acacia Research had a return on equity of 12.00% and a net margin of 44.42%.

Acacia Research Stock Performance

Acacia Research stock opened at $4.69 on Friday. The firm has a market capitalization of $470.78 million, a P/E ratio of 7.33 and a beta of 0.53. The stock has a fifty day moving average price of $4.65 and a 200 day moving average price of $4.97. Acacia Research has a 52 week low of $3.55 and a 52 week high of $5.74. The company has a current ratio of 11.17, a quick ratio of 10.90 and a debt-to-equity ratio of 0.14.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Acacia Research from a “sell” rating to a “hold” rating in a research note on Wednesday.

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.