Constellation Software (TSE:CSU) Releases Quarterly Earnings Results

Constellation Software (TSE:CSU) announced its quarterly earnings data on Tuesday. The company reported C$24.08 earnings per share for the quarter, FiscalAI reports. Constellation Software had a return on equity of 15.35% and a net margin of 4.40%.The business had revenue of C$4.42 billion during the quarter.

Constellation Software Trading Down 0.4%

TSE CSU opened at C$2,405.00 on Wednesday. The stock’s 50-day simple moving average is C$2,532.80 and its two-hundred day simple moving average is C$2,882.14. Constellation Software has a twelve month low of C$2,196.00 and a twelve month high of C$5,124.90. The company has a quick ratio of 0.55, a current ratio of 0.96 and a debt-to-equity ratio of 161.87. The company has a market capitalization of C$50.97 billion, a price-to-earnings ratio of 99.59, a PEG ratio of 2.95 and a beta of 0.39.

Constellation Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a dividend of $1.00 per share. The ex-dividend date was Friday, March 27th. This represents a $4.00 dividend on an annualized basis and a yield of 0.2%. Constellation Software’s dividend payout ratio (DPR) is presently 16.56%.

Analyst Ratings Changes

Several equities research analysts have issued reports on CSU shares. Raymond James Financial dropped their target price on Constellation Software from C$4,300.00 to C$3,700.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 10th. TD Securities increased their price objective on Constellation Software from C$4,000.00 to C$4,100.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. BMO Capital Markets lowered their price objective on Constellation Software from C$4,600.00 to C$4,200.00 in a research report on Tuesday, March 10th. National Bank Financial increased their price objective on Constellation Software from C$3,200.00 to C$3,400.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 10th. Finally, Canadian Imperial Bank of Commerce lowered their price objective on Constellation Software from C$4,610.00 to C$4,080.00 in a research report on Friday, April 17th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$4,128.75.

About Constellation Software

Constellation Software is an international provider of market-leading software and services to a number of industries. Our mission is to acquire, manage and build market-leading software businesses that develop specialized, mission-critical software solutions to address the specific needs of our particular industries. Our company was founded in 1995 to assemble a portfolio of vertical market software companies that have the potential to be leaders in their particular market. Since then, we have grown rapidly through a combination of acquisitions and organic growth, and established a strong constellation of companies with a large, diverse customer base.