Park City Group (PCYG) Releases Earnings Results, Beats Estimates By $0.03 EPS

Park City Group (NASDAQ:PCYG) posted its quarterly earnings data on Thursday. The technology company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03, Zacks reports. The business had revenue of $5.57 million during the quarter, compared to analysts’ expectations of $6.13 million. Park City Group had a net margin of 18.95% and a return on equity of 11.27%.

Shares of Park City Group stock traded up $0.33 during trading on Friday, reaching $7.84. 111,016 shares of the company’s stock were exchanged, compared to its average volume of 22,813. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.50 and a current ratio of 2.50. Park City Group has a 1-year low of $5.64 and a 1-year high of $11.75. The stock has a market capitalization of $148.73 million, a P/E ratio of 52.27, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68.

PCYG has been the topic of several recent analyst reports. TheStreet lowered shares of Park City Group from a “b-” rating to a “c+” rating in a report on Tuesday, October 30th. Zacks Investment Research lowered shares of Park City Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 15th. Finally, ValuEngine cut shares of Park City Group from a “hold” rating to a “sell” rating in a research note on Friday, December 28th.

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About Park City Group

Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in the United States. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution that is used for sourcing products, and enables to screen and choose suppliers; ReposiTrak Compliance and Food Safety Solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain Solutions, which enables customers to manage relationships with suppliers.

Read More: Net Margin

Earnings History for Park City Group (NASDAQ:PCYG)

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