Temenos Group (OTCMKTS:TMSNY) Shares Gap Down After Earnings Miss

Temenos Group (OTCMKTS:TMSNY) gapped down prior to trading on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $85.4910, but opened at $81.97. Temenos Group shares last traded at $82.71, with a volume of 3 shares trading hands.

The company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). Temenos Group had a return on equity of 67.21% and a net margin of 26.21%.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Temenos Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Temenos Group Trading Down 4.6%

The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 52.08, a price-to-earnings-growth ratio of 1.65 and a beta of 0.75. The company’s 50 day simple moving average is $85.12 and its two-hundred day simple moving average is $90.10.

Temenos Group Company Profile

Temenos Group is a leading provider of banking software systems, specializing in core banking platforms and digital front?end solutions for financial institutions worldwide. The company’s flagship product, Temenos Transact, delivers end?to?end core banking functionality, enabling banks to manage accounts, deposits, loans and payments on a unified platform. Complementing this offering, Temenos Infinity provides digital banking capabilities, including online and mobile channels, customer onboarding, relationship management and analytics tools designed to enhance customer engagement and operational efficiency.

Founded in Geneva in 1993, Temenos serves more than 3,000 financial institutions across over 150 countries, ranging from community banks and credit unions to global systemically important banks.