Constellation Software Inc. (TSE:CSU – Get Rating) – Equities research analysts at Raymond James cut their Q3 2023 earnings per share estimates for Constellation Software in a research report issued to clients and investors on Tuesday, May 16th. Raymond James analyst S. Li now expects that the company will post earnings of $17.63 per share for the quarter, down from their prior forecast of $19.49. Raymond James currently has a “Market Perform” rating and a $2,750.00 price target on the stock. The consensus estimate for Constellation Software’s current full-year earnings is $81.75 per share. Raymond James also issued estimates for Constellation Software’s Q4 2023 earnings at $16.74 EPS and FY2023 earnings at $80.28 EPS.
Constellation Software (TSE:CSU – Get Rating) last announced its quarterly earnings data on Wednesday, March 29th. The company reported C$18.49 earnings per share for the quarter, topping the consensus estimate of C$18.05 by C$0.44. The firm had revenue of C$2.51 billion during the quarter, compared to analysts’ expectations of C$2.40 billion. Constellation Software had a return on equity of 31.86% and a net margin of 7.73%.
Several other equity analysts have also issued reports on CSU. Royal Bank of Canada boosted their target price on Constellation Software from C$3,000.00 to C$3,100.00 and gave the stock an “outperform” rating in a research report on Tuesday. CIBC boosted their target price on Constellation Software from C$2,407.32 to C$2,450.00 in a research report on Thursday, March 30th. BMO Capital Markets boosted their target price on Constellation Software from C$2,800.00 to C$2,950.00 in a research report on Tuesday. Finally, National Bankshares boosted their target price on Constellation Software from C$2,750.00 to C$3,000.00 in a research report on Friday, April 21st. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Constellation Software currently has an average rating of “Moderate Buy” and a consensus target price of C$2,850.00.
Constellation Software Stock Performance
Shares of TSE:CSU opened at C$2,645.00 on Thursday. The stock has a market capitalization of C$56.05 billion, a P/E ratio of 80.89, a P/E/G ratio of 1.04 and a beta of 0.89. Constellation Software has a 1-year low of C$1,783.98 and a 1-year high of C$2,782.56. The company has a current ratio of 0.65, a quick ratio of 0.55 and a debt-to-equity ratio of 118.31. The business has a 50-day moving average price of C$2,546.41 and a two-hundred day moving average price of C$2,314.72.
Constellation Software Increases Dividends
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Investors of record on Tuesday, June 20th will be given a $1,355 dividend. The ex-dividend date is Monday, June 19th. This is a positive change from Constellation Software’s previous quarterly dividend of $1.00. This represents a $5.42 annualized dividend and a dividend yield of 0.20%. Constellation Software’s payout ratio is currently 16.33%.
About Constellation Software
Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, the United Kingdom, and the 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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