Constellation Software (TSE:CSU – Get Rating) announced its quarterly earnings data on Thursday. The company reported C$15.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$16.61 by C($0.81), reports. The business had revenue of C$2.07 billion during the quarter, compared to analyst estimates of C$1.99 billion.
Constellation Software Stock Down 0.8 %
Constellation Software stock opened at C$2,150.51 on Friday. The stock has a market cap of C$45.57 billion and a PE ratio of 85.20. The company has a debt-to-equity ratio of 95.97, a quick ratio of 0.71 and a current ratio of 0.79. Constellation Software has a one year low of C$1,793.93 and a one year high of C$2,385.80. The stock has a fifty day moving average of C$1,964.75 and a 200 day moving average of C$2,048.21.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. CIBC lowered their price objective on Constellation Software from C$2,900.00 to C$2,450.00 and set an “outperform” rating for the company in a research note on Friday, May 6th. BMO Capital Markets boosted their price target on Constellation Software from C$2,400.00 to C$2,450.00 in a research note on Friday. Royal Bank of Canada decreased their price target on Constellation Software from C$2,700.00 to C$2,600.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Raymond James set a C$2,400.00 price target on Constellation Software and gave the stock a “market perform” rating in a research note on Thursday, May 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$2,407.14.
Constellation Software Company Profile
Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, the United Kingdom, and 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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