National Bank Financial Weighs in on Constellation Software Inc.’s Q1 2024 Earnings (TSE:CSU)

Constellation Software Inc. (TSE:CSU) – Analysts at National Bank Financial raised their Q1 2024 earnings estimates for Constellation Software in a note issued to investors on Wednesday, April 17th. National Bank Financial analyst R. Tse now forecasts that the company will earn $23.95 per share for the quarter, up from their prior forecast of $23.72. The consensus estimate for Constellation Software’s current full-year earnings is $111.75 per share.

Several other analysts have also commented on CSU. TD Securities increased their price target on shares of Constellation Software from C$3,900.00 to C$4,050.00 and gave the company a “hold” rating in a research report on Thursday, March 7th. CIBC increased their price target on shares of Constellation Software from C$3,800.00 to C$4,100.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Royal Bank of Canada increased their price target on shares of Constellation Software from C$3,900.00 to C$4,300.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Raymond James increased their price target on shares of Constellation Software from C$3,150.00 to C$3,800.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Finally, BMO Capital Markets upped their price objective on shares of Constellation Software from C$3,600.00 to C$4,150.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$3,966.67.

Constellation Software Stock Performance

CSU stock opened at C$3,661.67 on Friday. The firm has a market cap of C$77.59 billion, a price-to-earnings ratio of 100.24, a PEG ratio of 1.04 and a beta of 0.79. The firm has a 50-day simple moving average of C$3,708.95 and a two-hundred day simple moving average of C$3,389.66. Constellation Software has a one year low of C$2,499.99 and a one year high of C$3,856.00. The company has a debt-to-equity ratio of 187.76, a quick ratio of 0.55 and a current ratio of 0.61.

Constellation Software (TSE:CSU) last released its quarterly earnings results on Wednesday, March 6th. The company reported C$21.21 EPS for the quarter, missing the consensus estimate of C$24.21 by C($3.00). The firm had revenue of C$3.16 billion for the quarter, compared to analysts’ expectations of C$3.08 billion. Constellation Software had a net margin of 6.72% and a return on equity of 3.18%.

Insider Activity

In related news, Senior Officer John Edward Billowits sold 1,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$3,762.90, for a total value of C$3,762,900.00. In other Constellation Software news, Director Claire Marie Catherine Kennedy purchased 15 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were bought at an average price of C$3,787.13 per share, for a total transaction of C$56,806.95. Following the acquisition, the director now owns 67 shares in the company, valued at C$253,737.71. Also, Senior Officer John Edward Billowits sold 1,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$3,762.90, for a total transaction of C$3,762,900.00. Corporate insiders own 4.65% of the company’s stock.

Constellation Software Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were issued a dividend of $1.358 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.43 annualized dividend and a dividend yield of 0.15%. Constellation Software’s dividend payout ratio (DPR) is currently 14.84%.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.