Constellation Software Inc. (TSE:CSU – Get Rating) – Equities research analysts at National Bank Financial decreased their FY2022 earnings per share estimates for Constellation Software in a research report issued to clients and investors on Wednesday, October 19th. National Bank Financial analyst R. Tse now expects that the company will post earnings of $70.87 per share for the year, down from their prior estimate of $73.86. National Bank Financial currently has a "Outperform Market Weight" rating on the stock. The consensus estimate for Constellation Software's current full-year earnings is $85.09 per share. National Bank Financial also issued estimates for Constellation Software's FY2023 earnings at $84.58 EPS.
Get Constellation Software alerts:Several other brokerages have also commented on CSU. Royal Bank of Canada decreased their price objective on Constellation Software from C$2,700.00 to C$2,600.00 and set an "outperform" rating for the company in a report on Friday, August 5th. BMO Capital Markets upped their target price on Constellation Software from C$2,400.00 to C$2,450.00 in a research report on Friday, August 5th. Finally, National Bankshares raised Constellation Software from a "sector perform" rating to an "outperform" rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Constellation Software presently has an average rating of "Moderate Buy" and an average target price of C$2,458.33.
Constellation Software Stock Up 1.4 %
Constellation Software stock opened at C$1,881.78 on Monday. Constellation Software has a twelve month low of C$1,783.98 and a twelve month high of C$2,385.80. The business has a fifty day moving average of C$1,970.71 and a two-hundred day moving average of C$1,994.35. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 131.62. The firm has a market cap of C$39.88 billion and a P/E ratio of 63.45.Constellation Software (TSE:CSU – Get Rating) last posted its earnings results on Thursday, August 4th. The company reported C$15.80 earnings per share for the quarter, missing analysts' consensus estimates of C$16.61 by C($0.81). The business had revenue of C$2.07 billion during the quarter, compared to the consensus estimate of C$1.99 billion.
Constellation Software Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 11th. Shareholders of record on Tuesday, September 20th were paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Monday, September 19th. Constellation Software's dividend payout ratio (DPR) is 13.49%.
Insiders Place Their Bets
In other news, Director Lawrence Cunningham purchased 100 shares of the business's stock in a transaction dated Tuesday, September 6th. The stock was acquired at an average price of C$1,935.00 per share, for a total transaction of C$193,500.00. Following the acquisition, the director now directly owns 1,041 shares of the company's stock, valued at C$2,014,335.
Constellation Software Company Profile
(Get Rating)
Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, the United Kingdom, and rest of Europe. Its industry specific software businesses provide specialized and mission-critical software solutions. The company serves public and private sector markets.
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