Constellation Software (OTCMKTS:CNSWF) Posts Quarterly Earnings Results, Misses Expectations By $1.52 EPS

Constellation Software (OTCMKTS:CNSWF) posted its earnings results on Friday. The company reported $28.10 earnings per share for the quarter, missing the consensus estimate of $29.62 by ($1.52), Zacks reports. The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.50 billion. Constellation Software had a return on equity of 47.37% and a net margin of 7.60%.

Constellation Software Trading Down 0.1%

Shares of Constellation Software stock traded down $2.26 during trading on Friday, hitting $2,497.74. 2,169 shares of the company were exchanged, compared to its average volume of 8,888. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.90 and a quick ratio of 0.89. The firm has a market capitalization of $52.93 billion, a P/E ratio of 55.10 and a beta of 0.96. The firm’s fifty day moving average price is $2,185.53 and its 200 day moving average price is $2,008.70. Constellation Software has a 1-year low of $1,612.70 and a 1-year high of $2,519.98.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CNSWF. Zacks Research downgraded shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating on shares of Constellation Software in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

About Constellation Software

Constellation Software Inc is a Canadian software company that acquires, develops and operates businesses specializing in vertical market software—applications designed for the needs of particular industries or customer groups. Its products support specialized business processes across a range of markets.

The company’s software businesses serve customers in both the public and private sectors, providing solutions such as operational and administrative software, along with related maintenance and support.