Constellation Software (TSE:CSU) Posts Earnings Results

Constellation Software (TSE:CSU) released its quarterly earnings results on Tuesday. The company reported C$24.08 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$4.42 billion for the quarter. Constellation Software had a return on equity of 15.35% and a net margin of 4.40%.

Constellation Software Price Performance

Shares of TSE:CSU opened at C$2,467.53 on Thursday. Constellation Software has a 12 month low of C$2,196.00 and a 12 month high of C$5,124.90. The stock has a market cap of C$52.29 billion, a price-to-earnings ratio of 102.18, a PEG ratio of 2.95 and a beta of 0.39. The stock’s 50 day moving average price is C$2,530.82 and its 200 day moving average price is C$2,873.27. The company has a debt-to-equity ratio of 161.87, a current ratio of 0.96 and a quick ratio of 0.55.

Constellation Software Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $4.00 annualized dividend and a yield of 0.2%. Constellation Software’s payout ratio is presently 16.56%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CSU shares. TD Securities lifted their price target on Constellation Software from C$4,000.00 to C$4,100.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Royal Bank Of Canada cut their price target on Constellation Software from C$5,600.00 to C$4,800.00 and set an “outperform” rating on the stock in a report on Monday, January 26th. UBS Group cut their price target on Constellation Software from C$4,500.00 to C$4,250.00 in a report on Tuesday, March 31st. BMO Capital Markets dropped their target price on Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Raymond James Financial dropped their target price on Constellation Software from C$3,700.00 to C$3,200.00 and set a “market perform” rating on the stock in a report on Wednesday. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$3,978.75.

About Constellation Software

Constellation Software is an international provider of market-leading software and services to a number of industries. Our mission is to acquire, manage and build market-leading software businesses that develop specialized, mission-critical software solutions to address the specific needs of our particular industries. Our company was founded in 1995 to assemble a portfolio of vertical market software companies that have the potential to be leaders in their particular market. Since then, we have grown rapidly through a combination of acquisitions and organic growth, and established a strong constellation of companies with a large, diverse customer base.