Q2 2023 EPS Estimates for Constellation Software Inc. Lowered by Raymond James (TSE:CSU)

Constellation Software Inc. (TSE:CSU – Get Rating) – Investment analysts at Raymond James decreased their Q2 2023 EPS estimates for Constellation Software in a research note issued to investors on Tuesday, May 16th. Raymond James analyst S. Li now anticipates that the company will earn $18.43 per share for the quarter, down from their prior estimate of $19.56. Raymond James currently has a “Market Perform” rating and a $2,750.00 price objective on the stock. The consensus estimate for Constellation Software’s current full-year earnings is $81.75 per share. Raymond James also issued estimates for Constellation Software’s FY2024 earnings at $92.66 EPS.

Constellation Software (TSE:CSU – Get Rating) last issued its quarterly earnings data on Wednesday, March 29th. The company reported C$18.49 earnings per share for the quarter, topping analysts’ consensus estimates of C$18.05 by C$0.44. The business had revenue of C$2.51 billion during the quarter, compared to the consensus estimate of C$2.40 billion. Constellation Software had a net margin of 7.73% and a return on equity of 31.86%.

Several other research analysts also recently weighed in on CSU. Royal Bank of Canada upped their price target on shares of Constellation Software from C$3,000.00 to C$3,100.00 and gave the stock an “outperform” rating in a research report on Tuesday. BMO Capital Markets upped their price target on shares of Constellation Software from C$2,800.00 to C$2,950.00 in a research report on Tuesday. CIBC upped their price target on shares of Constellation Software from C$2,407.32 to C$2,450.00 in a research report on Thursday, March 30th. Finally, National Bankshares upped their price target on shares of Constellation Software from C$2,750.00 to C$3,000.00 in a research report on Friday, April 21st. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Constellation Software currently has a consensus rating of “Moderate Buy” and a consensus price target of C$2,850.00.

Constellation Software Stock Down 0.6 %

CSU opened at C$2,613.75 on Wednesday. Constellation Software has a twelve month low of C$1,783.98 and a twelve month high of C$2,782.56. The company has a quick ratio of 0.55, a current ratio of 0.65 and a debt-to-equity ratio of 118.31. The company has a 50-day moving average price of C$2,534.32 and a 200 day moving average price of C$2,310.28. The company has a market cap of C$55.39 billion, a PE ratio of 79.93, a price-to-earnings-growth ratio of 1.04 and a beta of 0.89.

Constellation Software Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Thursday, April 6th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $4.00 annualized dividend and a yield of 0.15%. Constellation Software’s dividend payout ratio is presently 16.33%.

Constellation Software Company Profile

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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.