Constellation Software (CSU) to Release Earnings on Friday

Constellation Software (TSE:CSU) will post its quarterly earnings results after the market closes on Friday, May 10th. Analysts expect Constellation Software to post earnings of C$23.09 per share for the quarter.

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

Constellation Software Price Performance

TSE CSU opened at C$3,755.35 on Wednesday. Constellation Software has a 12-month low of C$2,499.99 and a 12-month high of C$3,856.00. The firm’s fifty day simple moving average is C$3,696.81 and its two-hundred day simple moving average is C$3,465.74. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 187.76. The firm 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.

Constellation Software Cuts Dividend

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

Analysts Set New Price Targets

Several research firms have recently issued reports on CSU. CIBC increased their price objective on shares of Constellation Software from C$3,800.00 to C$4,100.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. BMO Capital Markets boosted their price objective on shares of Constellation Software from C$3,600.00 to C$4,150.00 and gave the company an “outperform” rating in a 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 company a “hold” rating in a research report on Thursday, March 7th. Raymond James raised their target price on shares of Constellation Software from C$3,150.00 to C$3,800.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Finally, Royal Bank of Canada boosted their price objective on Constellation Software from C$3,900.00 to C$4,300.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Constellation Software has a consensus rating of “Moderate Buy” and a consensus price target of C$3,966.67.

Insider Activity at Constellation Software

In other Constellation Software news, Director Claire Marie Catherine Kennedy acquired 15 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was acquired at an average cost of C$3,787.13 per share, for a total transaction of C$56,806.95. Following the completion of the transaction, the director now directly owns 67 shares of the company’s stock, valued at C$253,737.71. In other Constellation Software news, Senior Officer John Edward Billowits sold 1,000 shares of the 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 transaction of C$3,762,900.00. Also, Director Claire Marie Catherine Kennedy bought 15 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was acquired at an average cost of C$3,787.13 per share, for a total transaction of C$56,806.95. Following the completion of the purchase, the director now directly owns 67 shares in the company, valued at C$253,737.71. 5.70% of the stock is owned by company insiders.

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.