Q1 2024 EPS Estimates for Constellation Software Inc. Increased by National Bank Financial (TSE:CSU)

Constellation Software Inc. (TSE:CSU) – National Bank Financial lifted their Q1 2024 earnings per share (EPS) estimates for Constellation Software in a research note issued to investors on Wednesday, April 17th. National Bank Financial analyst R. Tse now forecasts that the company will post earnings of $23.95 per share for the quarter, up from their previous estimate of $23.72. The consensus estimate for Constellation Software’s current full-year earnings is $111.75 per share.

Constellation Software (TSE:CSU) last issued its quarterly 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). Constellation Software had a net margin of 6.72% and a return on equity of 3.18%. The business had revenue of C$3.16 billion during the quarter, compared to analyst estimates of C$3.08 billion.

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

Constellation Software Price Performance

Shares of CSU opened at C$3,661.67 on Friday. 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 debt-to-equity ratio of 187.76, a quick ratio of 0.55 and a current ratio of 0.61. The business’s 50 day moving average price is C$3,708.95 and its two-hundred day moving average price is C$3,393.78. The firm has a market cap of C$77.59 billion, a PE ratio of 100.24, a price-to-earnings-growth ratio of 1.04 and a beta of 0.79.

Constellation Software Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were issued a dividend of $1.358 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.43 annualized dividend and a yield of 0.15%. Constellation Software’s dividend payout ratio (DPR) is currently 14.84%.

Insider Buying and Selling

In related news, Director Claire Marie Catherine Kennedy purchased 15 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average price of C$3,787.13 per share, for a total transaction of C$56,806.95. Following the completion of the acquisition, the director now owns 67 shares of the company’s stock, valued at approximately C$253,737.71. In related news, Senior Officer John Edward Billowits sold 1,000 shares of the company’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 transaction of C$3,762,900.00. Also, Director Claire Marie Catherine Kennedy purchased 15 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were bought at an average price of C$3,787.13 per share, with a total value of C$56,806.95. Following the acquisition, the director now directly owns 67 shares of the company’s stock, valued at approximately C$253,737.71. 4.65% of the stock is currently owned by corporate insiders.

About Constellation Software

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.