SilverSun Technologies Inc (SSNT) Expected to Announce Earnings of $0.08 Per Share

Analysts expect SilverSun Technologies Inc (NASDAQ:SSNT) to post $0.08 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for SilverSun Technologies’ earnings. SilverSun Technologies posted earnings of ($0.01) per share during the same quarter last year, which suggests a positive year over year growth rate of 900%. The business is scheduled to issue its next quarterly earnings results on Monday, March 25th.

On average, analysts expect that SilverSun Technologies will report full year earnings of $0.24 per share for the current year. For the next fiscal year, analysts expect that the business will post earnings of $0.43 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover SilverSun Technologies.

SilverSun Technologies (NASDAQ:SSNT) last posted its quarterly earnings results on Tuesday, November 13th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. The firm had revenue of $11.29 million during the quarter, compared to the consensus estimate of $10.87 million. SilverSun Technologies had a positive return on equity of 5.02% and a negative net margin of 2.13%.

Separately, Westpark Capital set a $7.00 price objective on shares of SilverSun Technologies and gave the company a “buy” rating in a research note on Friday, August 24th.

Shares of NASDAQ:SSNT traded up $0.15 during trading on Friday, hitting $2.80. The company’s stock had a trading volume of 3,953 shares, compared to its average volume of 5,343. The stock has a market cap of $11.93 million, a price-to-earnings ratio of 23.33 and a beta of 0.35. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.84 and a current ratio of 0.84. SilverSun Technologies has a fifty-two week low of $2.13 and a fifty-two week high of $4.84.

About SilverSun Technologies

SilverSun Technologies, Inc operates as a business application, technology, and consulting company. The company resells enterprise resource planning software for the financial accounting requirements, as well as offers associated training, technical support, and professional services. The company also publishes and markets MAPADOC, an electronic data interchange software through a network of resellers.

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