Absolute Software (OTCMKTS:ALSWF) issued its quarterly earnings results on Friday. The industrial products company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01, Morningstar.com reports. The company had revenue of $24.30 million for the quarter. Absolute Software had a negative return on equity of 5.53% and a net margin of 3.32%.
Shares of OTCMKTS:ALSWF traded up $0.19 during trading on Friday, hitting $6.03. 1,700 shares of the stock were exchanged, compared to its average volume of 1,726. Absolute Software has a 1-year low of $4.79 and a 1-year high of $6.50. The firm has a market capitalization of $243.68 million, a PE ratio of 75.41 and a beta of 0.74.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Shareholders of record on Monday, November 5th will be given a $0.062 dividend. This is an increase from Absolute Software’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a yield of 4.11%. The ex-dividend date is Friday, November 2nd. Absolute Software’s payout ratio is currently 312.50%.
Separately, Zacks Investment Research raised Absolute Software from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Tuesday, October 9th.
About Absolute Software
Absolute Software Corporation develops, markets, and supports endpoint management and data security solutions for endpoint computing devices in Canada, the United States, and internationally. Its software-as-a-service solutions enable customers to secure endpoints, assess risk, and respond to security threats.
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