National Bank Financial Weighs in on Constellation Software Inc.’s Q1 2021 Earnings (TSE:CSU)

Constellation Software Inc. (TSE:CSU) – National Bank Financial cut their Q1 2021 earnings per share estimates for shares of Constellation Software in a research note issued to investors on Wednesday, April 21st. National Bank Financial analyst R. Tse now expects that the company will post earnings of $13.03 per share for the quarter, down from their previous forecast of $13.24.

Several other analysts have also commented on the company. Scotiabank lifted their price objective on Constellation Software from C$1,800.00 to C$1,900.00 in a report on Thursday. BMO Capital Markets boosted their price target on Constellation Software to C$1,850.00 and gave the company a “market perform” rating in a report on Wednesday, February 17th. Royal Bank of Canada reissued an “outperform” rating on shares of Constellation Software in a report on Monday, April 5th. CIBC cut their price target on Constellation Software to C$1,760.00 and set a “sector perform” rating for the company in a report on Wednesday, February 17th. Finally, Raymond James boosted their price target on Constellation Software to C$1,700.00 and gave the company a “market perform” rating in a report on Wednesday, February 17th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$1,783.43.

Shares of CSU opened at C$1,857.44 on Friday. The company has a debt-to-equity ratio of 69.18, a current ratio of 0.78 and a quick ratio of 0.71. Constellation Software has a one year low of C$1,310.61 and a one year high of C$1,921.78. The firm has a market capitalization of C$39.36 billion and a P/E ratio of 72.17. The business has a fifty day moving average of C$1,768.48 and a 200 day moving average of C$1,636.63.

Constellation Software (TSE:CSU) last posted its earnings results on Friday, February 12th. The company reported C$14.83 EPS for the quarter, topping the Zacks’ consensus estimate of C$11.28 by C$3.55. The business had revenue of C$1.42 billion during the quarter, compared to the consensus estimate of C$1.07 billion.

The company also recently announced a quarterly dividend, which was paid on Friday, April 9th. Investors of record on Friday, April 9th were given a $1.00 dividend. The ex-dividend date was Monday, March 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.22%. Constellation Software’s dividend payout ratio is currently 15.54%.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, engages in the development, installation, and customization of software in the United States, Canada, the United Kingdom, Europe, and internationally. It operates through two segments, Public Sector and Private Sector. The company also provides professional and support services, including installation, implementation, training, and customization of software, as well as resells third-party hardware and sells assembled customized hardware.

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