Constellation Software (CSU) Set to Announce Earnings on Friday

Constellation Software (TSE:CSU) is scheduled to be announcing its earnings results after the market closes on Friday, May 10th. Analysts expect the company to announce earnings of C$23.09 per share for the quarter.

Constellation Software (TSE:CSU) last released its quarterly earnings results on Wednesday, March 6th. The company reported C$21.21 EPS for the quarter, missing analysts’ consensus estimates of C$24.21 by C($3.00). Constellation Software had a return on equity of 3.18% and a net margin of 6.72%. The firm had revenue of C$3.16 billion for the quarter, compared to analyst estimates of C$3.08 billion.

Constellation Software Trading Up 1.7 %

CSU opened at C$3,820.47 on Thursday. Constellation Software has a 52 week low of C$2,499.99 and a 52 week high of C$3,856.00. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 187.76. The business has a fifty day simple moving average of C$3,696.81 and a 200-day simple moving average of C$3,465.74. The firm has a market cap of C$80.96 billion, a P/E ratio of 103.99, a P/E/G ratio of 1.04 and a beta of 0.79.

Constellation Software Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were paid a dividend of $1.358 per share. This represents a $5.43 annualized dividend and a yield of 0.14%. The ex-dividend date was Wednesday, March 27th. Constellation Software’s payout ratio is 14.97%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CSU shares. TD Securities boosted their price target on shares of Constellation Software from C$3,900.00 to C$4,050.00 and gave the stock a “hold” rating in a research note on Thursday, March 7th. BMO Capital Markets upped their target price on shares of Constellation Software from C$3,600.00 to C$4,150.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Royal Bank of Canada increased their target price on shares of Constellation Software from C$3,900.00 to C$4,300.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Raymond James boosted their price target on shares of Constellation Software from C$3,150.00 to C$3,800.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Finally, CIBC increased their price objective on Constellation Software from C$3,800.00 to C$4,100.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Constellation Software currently has a consensus rating of “Moderate Buy” and a consensus price target of C$3,966.67.

Insider Buying and Selling

In other Constellation Software news, Senior Officer John Edward Billowits sold 1,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of C$3,762.90, for a total value of C$3,762,900.00. In related news, Senior Officer John Edward Billowits sold 1,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of C$3,762.90, for a total value of C$3,762,900.00. Also, Director Claire Marie Catherine Kennedy purchased 15 shares of Constellation Software stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average cost of C$3,787.13 per share, with a total value of C$56,806.95. Following the completion of the transaction, the director now owns 67 shares of the company’s stock, valued at C$253,737.71. Insiders own 5.70% of the company’s stock.

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.