Constellation Software (OTCMKTS:CNSWF) Issues Quarterly Earnings Results, Beats Expectations By $0.89 EPS

Constellation Software (OTCMKTS:CNSWFGet Free Report) issued its quarterly earnings data on Tuesday. The company reported $28.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $27.81 by $0.89, Zacks reports. Constellation Software had a net margin of 6.12% and a return on equity of 47.59%.

Constellation Software Stock Down 1.8%

Constellation Software stock traded down $41.97 on Tuesday, hitting $2,301.03. 2,692 shares of the stock traded hands, compared to its average volume of 10,391. Constellation Software has a 1 year low of $1,612.70 and a 1 year high of $3,572.00. The firm has a market cap of $48.76 billion, a P/E ratio of 65.63 and a beta of 0.98. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.80. The business’s fifty day simple moving average is $2,040.72 and its 200 day simple moving average is $1,921.74.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CNSWF. BMO Capital Markets reaffirmed an “outperform” rating on shares of Constellation Software in a research note on Wednesday, May 13th. National Bank Financial raised shares of Constellation Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. TD Securities restated a “buy” rating on shares of Constellation Software in a report on Thursday, May 14th. Zacks Research cut Constellation Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Constellation Software in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Check Out Our Latest Stock Report on Constellation Software

Constellation Software Company Profile

(Get Free Report)

Constellation Software is a diversified software company that acquires, manages and builds mission-critical software businesses serving a wide range of specialized industries. Its primary focus is on vertical market software, delivering tailored solutions for sectors such as public transit, healthcare, utilities, construction and hospitality. Through its decentralized operating model, Constellation harnesses the expertise of individual business units to develop, implement and support software products that address specific customer needs.

Founded in 1995 by Mark Leonard and headquartered in Toronto, Canada, Constellation Software has grown organically and through strategic acquisitions.

Further Reading

Earnings History for Constellation Software (OTCMKTS:CNSWF)

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