Equities research analysts expect American Software, Inc. (NASDAQ:AMSWA) to announce earnings of $0.07 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for American Software’s earnings. The highest EPS estimate is $0.08 and the lowest is $0.06. American Software also reported earnings of $0.07 per share during the same quarter last year. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, August 28th.
According to Zacks, analysts expect that American Software will report full-year earnings of $0.29 per share for the current year, with EPS estimates ranging from $0.27 to $0.31. For the next financial year, analysts forecast that the firm will post earnings of $0.38 per share, with EPS estimates ranging from $0.37 to $0.39. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover American Software.
American Software (NASDAQ:AMSWA) last issued its quarterly earnings results on Wednesday, June 19th. The software maker reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. American Software had a return on equity of 7.73% and a net margin of 6.26%. The company had revenue of $26.27 million for the quarter, compared to analysts’ expectations of $28.18 million.
American Software stock traded up $0.28 during mid-day trading on Friday, hitting $13.90. The company had a trading volume of 329 shares, compared to its average volume of 55,314. The stock’s 50 day moving average price is $13.35 and its two-hundred day moving average price is $12.71. American Software has a 12 month low of $8.99 and a 12 month high of $18.94. The company has a market capitalization of $433.33 million, a PE ratio of 49.64 and a beta of 0.61.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, August 15th. American Software’s dividend payout ratio is 157.14%.
In related news, insider Bryan L. Sell sold 4,000 shares of the stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $13.05, for a total transaction of $52,200.00. Following the completion of the sale, the insider now owns 4,000 shares in the company, valued at $52,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Michael Edenfield sold 6,020 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $14.36, for a total value of $86,447.20. Following the sale, the director now owns 421,743 shares of the company’s stock, valued at approximately $6,056,229.48. The disclosure for this sale can be found here. In the last three months, insiders sold 26,310 shares of company stock worth $353,135. 11.19% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMSWA. FMR LLC grew its holdings in American Software by 107.5% during the 1st quarter. FMR LLC now owns 2,075 shares of the software maker’s stock valued at $25,000 after buying an additional 1,075 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of American Software by 206.5% in the 2nd quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock valued at $46,000 after purchasing an additional 2,387 shares during the last quarter. Aperio Group LLC bought a new stake in shares of American Software during the 2nd quarter worth approximately $67,000. BNP Paribas Arbitrage SA lifted its stake in shares of American Software by 2,671.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,986 shares of the software maker’s stock worth $72,000 after acquiring an additional 5,770 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its stake in shares of American Software by 413.8% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,280 shares of the software maker’s stock worth $97,000 after acquiring an additional 7,474 shares during the last quarter. Institutional investors and hedge funds own 77.88% of the company’s stock.
About American Software
American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.
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