B. Riley Comments on MAM Software Group Inc.’s FY2017 Earnings (MAMS)
MAM Software Group Inc. (NASDAQ:MAMS) – B. Riley raised their FY2017 earnings per share (EPS) estimates for MAM Software Group in a note issued to investors on Tuesday. B. Riley analyst S. Sherbetchyan now forecasts that the firm will post earnings per share of $0.22 for the year, up from their prior forecast of $0.15. B. Riley has a “Neutral” rating and a $5.50 price objective on the stock.
MAM Software Group (NASDAQ:MAMS) last issued its earnings results on Monday, November 14th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.07. MAM Software Group had a net margin of 12.19% and a return on equity of 81.30%. The company had revenue of $8.06 million for the quarter, compared to the consensus estimate of $8.07 million.
Separately, Zacks Investment Research lowered MAM Software Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 12th.
Shares of MAM Software Group (NASDAQ:MAMS) opened at 6.69 on Thursday. MAM Software Group has a 52 week low of $5.10 and a 52 week high of $7.48. The stock has a 50 day moving average of $6.18 and a 200 day moving average of $6.07. The firm has a market cap of $82.96 million, a P/E ratio of 23.89 and a beta of 0.07.
MAM Software Group Company Profile
MAM Software Group, Inc is a technology holding company. The Company, through its subsidiaries, provides information management solutions and services, and cloud-based software solutions for the automotive aftermarket sector of the United States, Canada, the United Kingdom and Ireland. In the United Kingdom and Ireland, the Company also provides management solutions to businesses involved in the wholesale of construction materials.
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