Constellation Software (OTCMKTS:CNSWF) Issues Earnings Results

Constellation Software (OTCMKTS:CNSWF) announced its earnings results on Friday. The company reported $21.71 earnings per share for the quarter, missing analysts’ consensus estimates of $27.84 by ($6.13), Zacks reports. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Constellation Software had a net margin of 5.77% and a return on equity of 53.92%.

Constellation Software Trading Up 0.0%

OTCMKTS CNSWF opened at $2,410.00 on Friday. The company has a 50 day moving average price of $2,869.68 and a 200 day moving average price of $3,293.86. Constellation Software has a 52 week low of $2,364.87 and a 52 week high of $3,998.72. The firm has a market cap of $51.07 billion, a PE ratio of 82.31 and a beta of 1.10. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

Constellation Software Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 22nd were paid a dividend of $1.00 per share. This represents a dividend yield of 13.0%. The ex-dividend date was Friday, September 19th. Constellation Software’s payout ratio is 13.66%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CNSWF. Royal Bank Of Canada reissued an “outperform” rating on shares of Constellation Software in a report on Monday, August 11th. TD Securities reiterated a “buy” rating on shares of Constellation Software in a research report on Monday, August 11th. Desjardins raised Constellation Software to a “moderate buy” rating in a research note on Thursday, October 30th. CIBC reaffirmed an “outperform” rating on shares of Constellation Software in a report on Wednesday, October 29th. Finally, National Bank Financial lowered shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.