Constellation Software (CSU) to Release Earnings on Friday

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

Constellation Software Stock Up 0.1 %

CSU stock opened at C$3,755.35 on Wednesday. Constellation Software has a 52 week low of C$2,499.99 and a 52 week high of C$3,856.00. The stock has a market capitalization of C$79.58 billion, a P/E ratio of 102.21, a P/E/G ratio of 1.04 and a beta of 0.79. The firm has a 50-day simple moving average of C$3,696.81 and a 200-day simple moving average of C$3,465.74. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 187.76.

Constellation Software Cuts Dividend

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

Insider Transactions at Constellation Software

In other Constellation Software news, Senior Officer John Edward Billowits sold 1,000 shares of Constellation Software stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$3,762.90, for a total transaction of C$3,762,900.00. In other news, Director Claire Marie Catherine Kennedy acquired 15 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 67 shares in the company, valued at approximately C$253,737.71. Also, Senior Officer John Edward Billowits sold 1,000 shares of Constellation Software stock in a transaction that occurred 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. Corporate insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

CSU has been the topic of a number of research reports. Royal Bank of Canada upped their price target on Constellation Software from C$3,900.00 to C$4,300.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. CIBC increased their price target on shares of Constellation Software from C$3,800.00 to C$4,100.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Raymond James lifted their price objective on shares of Constellation Software from C$3,150.00 to C$3,800.00 and gave the company a “market perform” rating in a report 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. Finally, TD Securities increased their price objective on Constellation Software from C$3,900.00 to C$4,050.00 and gave the company a “hold” rating in a research note on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Constellation Software presently has a consensus rating of “Moderate Buy” and a consensus price target of C$3,966.67.

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.