Constellation Software (OTCMKTS:CNSWF) Sets New 52-Week Low Following Weak Earnings

Shares of Constellation Software Inc. (OTCMKTS:CNSWF) hit a new 52-week low during trading on Monday following a dissappointing earnings announcement. The company traded as low as $2,347.00 and last traded at $2,350.00, with a volume of 2912 shares. The stock had previously closed at $2,410.00.

The company reported $21.71 EPS for the quarter, missing analysts’ consensus estimates of $27.84 by ($6.13). Constellation Software had a net margin of 5.77% and a return on equity of 53.92%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.99 billion.

Constellation Software Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 22nd were issued a $1.00 dividend. The ex-dividend date was Friday, September 19th. This represents a dividend yield of 13.0%. Constellation Software’s payout ratio is 12.73%.

Analyst Ratings Changes

A number of research firms have weighed in on CNSWF. National Bankshares cut shares of Constellation Software from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 25th. TD Securities restated a “buy” rating on shares of Constellation Software in a report on Monday, August 11th. National Bank Financial lowered shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. Desjardins raised shares of Constellation Software to a “moderate buy” rating in a research note on Thursday, October 30th. Finally, Zacks Research raised Constellation Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Constellation Software Price Performance

The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The firm has a market cap of $49.33 billion, a PE ratio of 79.51 and a beta of 1.10. The stock has a 50 day moving average price of $2,869.68 and a two-hundred day moving average price of $3,292.42.

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.