Alteryx (NYSE:AYX) Releases FY 2019 Earnings Guidance

Alteryx (NYSE:AYX) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.44-0.50 for the period, compared to the Thomson Reuters consensus estimate of $0.44. The company issued revenue guidance of $370-375 million, compared to the consensus revenue estimate of $360.69 million.Alteryx also updated its Q3 2019 guidance to $0.06-0.09 EPS.

NYSE:AYX traded down $2.06 during midday trading on Wednesday, hitting $117.54. The company had a trading volume of 1,932,700 shares, compared to its average volume of 1,169,687. Alteryx has a 52-week low of $38.64 and a 52-week high of $123.06. The stock has a fifty day simple moving average of $112.56. The firm has a market cap of $7.48 billion, a P/E ratio of -587.70, a PEG ratio of 51.46 and a beta of 1.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.58 and a quick ratio of 1.58.

Alteryx (NYSE:AYX) last announced its earnings results on Wednesday, May 1st. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.14. Alteryx had a negative net margin of 2.84% and a negative return on equity of 4.90%. The company had revenue of $76.02 million during the quarter, compared to analyst estimates of $71.41 million. During the same period in the previous year, the business earned ($0.01) earnings per share. The firm’s quarterly revenue was up 51.0% compared to the same quarter last year. On average, sell-side analysts predict that Alteryx will post 0.17 earnings per share for the current year.

AYX has been the subject of several research reports. Zacks Investment Research upgraded shares of Alteryx from a hold rating to a buy rating and set a $101.00 target price for the company in a research report on Wednesday, May 8th. KeyCorp upped their target price on shares of Alteryx from $100.00 to $123.00 and gave the stock an overweight rating in a research report on Friday, June 14th. Needham & Company LLC upped their target price on shares of Alteryx from $120.00 to $139.00 and gave the stock a buy rating in a research report on Tuesday. Wedbush upped their target price on shares of Alteryx from $76.00 to $93.00 and gave the stock a neutral rating in a research report on Thursday, May 2nd. Finally, Oppenheimer upped their target price on shares of Alteryx from $93.00 to $120.00 and gave the stock an outperform rating in a research report on Monday, June 17th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $108.61.

In other Alteryx news, insider Robert Scott Jones sold 1,598 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $94.63, for a total transaction of $151,218.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy I. Maudlin sold 15,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $86.07, for a total transaction of $1,291,050.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,763 shares of company stock valued at $12,253,528. Company insiders own 19.82% of the company’s stock.

Alteryx Company Profile

Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, and citizen data scientists worldwide. Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.

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