FY2024 EPS Forecast for OTC Markets Group Raised by Analyst

OTC Markets Group Inc. (OTCMKTS:OTCM) – Equities researchers at Sidoti Csr boosted their FY2024 earnings per share (EPS) estimates for shares of OTC Markets Group in a note issued to investors on Thursday, November 7th. Sidoti Csr analyst B. Mccarthy now expects that the financial services provider will earn $2.40 per share for the year, up from their prior estimate of $2.36. The consensus estimate for OTC Markets Group’s current full-year earnings is $2.40 per share.

OTC Markets Group (OTCMKTS:OTCM) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. OTC Markets Group had a net margin of 24.63% and a return on equity of 75.89%. The business had revenue of $27.39 million during the quarter, compared to analysts’ expectations of $27.07 million.

OTC Markets Group Price Performance

OTCMKTS OTCM opened at $51.33 on Monday. OTC Markets Group has a 12 month low of $45.00 and a 12 month high of $62.00. The company has a market capitalization of $614.63 million, a P/E ratio of 23.21, a PEG ratio of 2.45 and a beta of 0.53. The company’s 50 day simple moving average is $48.90 and its 200 day simple moving average is $49.42.

OTC Markets Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 11.69%. The ex-dividend date is Thursday, December 5th. OTC Markets Group’s dividend payout ratio is currently 32.14%.

OTC Markets Group Company Profile

OTC Markets Group Inc operates regulated markets for trading 12,000 U.S. and international securities. Its data-driven disclosure standards form the foundation of its three public markets: OTCQX Best Market, OTCQB Venture Market, and Pink Open Market. The company's OTC Link Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading.