Microlise Group (LON:SAAS) Releases Quarterly Earnings Results

Microlise Group (LON:SAAS) issued its quarterly earnings data on Thursday. The company reported GBX 4.19 ($0.05) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Microlise Group had a net margin of 2.14% and a return on equity of 1.87%.

Microlise Group Trading Up 2.1 %

Microlise Group stock opened at GBX 114.90 ($1.49) on Friday. The business’s 50-day simple moving average is GBX 108.64 and its 200-day simple moving average is GBX 110.22. Microlise Group has a 52 week low of GBX 88 ($1.14) and a 52 week high of GBX 178 ($2.30). The firm has a market capitalization of £133.05 million, a PE ratio of 98.34 and a beta of 0.19. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.08 and a current ratio of 1.25.

Microlise Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 5th will be given a dividend of GBX 1.24 ($0.02) per share. This is a positive change from Microlise Group’s previous dividend of $0.57. The ex-dividend date of this dividend is Thursday, June 5th. This represents a yield of 1.19%. Microlise Group’s payout ratio is currently 171.17%.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group began coverage on Microlise Group in a research note on Thursday. They set a “buy” rating and a GBX 199 ($2.58) price target for the company.

About Microlise Group

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions

These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience

Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group’s headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia