Computer Modelling Group (TSE:CMG) Posts Earnings Results

Computer Modelling Group (TSE:CMG) released its quarterly earnings results on Thursday. The company reported C$0.07 EPS for the quarter, FiscalAI reports. Computer Modelling Group had a net margin of 13.80% and a return on equity of 20.50%. The firm had revenue of C$33.67 million during the quarter.

Computer Modelling Group Trading Down 3.4%

Shares of CMG opened at C$3.94 on Friday. Computer Modelling Group has a 1-year low of C$3.55 and a 1-year high of C$8.23. The company has a 50-day moving average of C$3.98 and a 200 day moving average of C$4.54. The firm has a market capitalization of C$314.01 million, a price-to-earnings ratio of 19.70, a PEG ratio of 1.97 and a beta of -0.67. The company has a debt-to-equity ratio of 55.24, a current ratio of 1.00 and a quick ratio of 2.25.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, March 13th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, March 5th. This represents a $0.04 dividend on an annualized basis and a yield of 1.0%. Computer Modelling Group’s dividend payout ratio (DPR) is presently 60.00%.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of recent analyst reports. Ventum Financial lifted their price target on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a research note on Thursday, March 26th. National Bank Financial dropped their price target on shares of Computer Modelling Group from C$6.00 to C$5.00 and set a “sector perform” rating for the company in a research note on Monday, April 27th. Finally, Raymond James Financial dropped their price target on shares of Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research note on Friday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Computer Modelling Group currently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.85.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.