Brokerages Expect Simulations Plus, Inc. (NASDAQ:SLP) Will Announce Earnings of $0.17 Per Share

Equities analysts expect Simulations Plus, Inc. (NASDAQ:SLP – Get Rating) to post earnings per share (EPS) of $0.17 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Simulations Plus’ earnings. The lowest EPS estimate is $0.15 and the highest is $0.19. Simulations Plus posted earnings of $0.18 per share during the same quarter last year, which indicates a negative year over year growth rate of 5.6%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Simulations Plus will report full-year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $0.66. For the next financial year, analysts anticipate that the business will report earnings of $0.71 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Simulations Plus.

Simulations Plus (NASDAQ:SLP – Get Rating) last posted its earnings results on Wednesday, April 6th. The technology company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. Simulations Plus had a net margin of 23.13% and a return on equity of 6.86%. During the same quarter in the previous year, the company posted $0.15 EPS.

SLP has been the topic of a number of recent analyst reports. StockNews.com started coverage on Simulations Plus in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research lowered shares of Simulations Plus from a “buy” rating to a “hold” rating in a research report on Thursday, March 10th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $57.25.

SLP stock traded down $0.11 during midday trading on Thursday, hitting $44.23. The company’s stock had a trading volume of 1,056 shares, compared to its average volume of 91,660. The stock has a market cap of $893.89 million, a price-to-earnings ratio of 80.42 and a beta of 0.32. The stock’s 50-day moving average price is $46.70 and its 200 day moving average price is $46.34. Simulations Plus has a 1 year low of $35.18 and a 1 year high of $57.96.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 2nd. Investors of record on Monday, April 25th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Friday, April 22nd. Simulations Plus’s dividend payout ratio is currently 43.64%.

In other Simulations Plus news, Director Walter S. Woltosz sold 14,333 shares of the firm’s stock in a transaction dated Thursday, February 24th. The stock was sold at an average price of $37.67, for a total value of $539,924.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Walter S. Woltosz sold 15,140 shares of Simulations Plus stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $48.55, for a total value of $735,047.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,761 shares of company stock worth $1,895,255. Insiders own 23.08% of the company’s stock.

Large investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans grew its position in Simulations Plus by 1.6% during the third quarter. Thrivent Financial for Lutherans now owns 12,693 shares of the technology company’s stock worth $501,000 after buying an additional 196 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Simulations Plus by 52.5% in the fourth quarter. Fifth Third Bancorp now owns 808 shares of the technology company’s stock worth $38,000 after purchasing an additional 278 shares during the last quarter. Rhumbline Advisers raised its stake in Simulations Plus by 0.5% in the first quarter. Rhumbline Advisers now owns 59,693 shares of the technology company’s stock valued at $3,043,000 after purchasing an additional 279 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Simulations Plus by 3.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 9,158 shares of the technology company’s stock valued at $362,000 after purchasing an additional 294 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in Simulations Plus by 1.5% in the 3rd quarter. California State Teachers Retirement System now owns 21,387 shares of the technology company’s stock worth $845,000 after buying an additional 321 shares in the last quarter. 73.48% of the stock is owned by institutional investors.

Simulations Plus Company Profile (Get Rating)

Simulations Plus, Inc develops drug discovery and development software for modeling and simulation, and prediction of molecular properties utilizing artificial intelligence and machine learning based technology worldwide. It operates through four segments: Simulations Plus, Cognigen, DILIsym, and Lixoft.

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