American Software, Inc. (NASDAQ:AMSWA) Expected to Announce Earnings of $0.08 Per Share

Brokerages expect that American Software, Inc. (NASDAQ:AMSWA) will announce earnings of $0.08 per share for the current quarter, Zacks reports. Two analysts have made estimates for American Software’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.08. American Software posted earnings of $0.07 per share in the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, November 21st.

According to Zacks, analysts expect that American Software will report full-year earnings of $0.30 per share for the current fiscal year, with EPS estimates ranging from $0.29 to $0.30. For the next fiscal year, analysts forecast that the business will report earnings of $0.40 per share, with EPS estimates ranging from $0.38 to $0.41. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover American Software.

American Software (NASDAQ:AMSWA) last announced its quarterly earnings results on Wednesday, August 28th. The software maker reported $0.05 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.05. American Software had a net margin of 6.04% and a return on equity of 7.57%. The firm had revenue of $27.38 million for the quarter, compared to analyst estimates of $27.49 million.

AMSWA has been the topic of a number of research reports. BidaskClub lowered shares of American Software from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 26th. B. Riley raised shares of American Software from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $13.00 to $17.00 in a research report on Thursday, August 29th. Finally, ValuEngine lowered shares of American Software from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. American Software currently has an average rating of “Buy” and a consensus price target of $14.68.

In other American Software news, Director James B. Miller, Jr. sold 1,690 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $14.92, for a total transaction of $25,214.80. Following the sale, the director now directly owns 66,301 shares of the company’s stock, valued at $989,210.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis Hogue sold 3,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $15.21, for a total transaction of $45,630.00. Following the sale, the director now directly owns 9,274 shares in the company, valued at $141,057.54. The disclosure for this sale can be found here. In the last three months, insiders sold 183,162 shares of company stock worth $2,768,661. 11.19% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC raised its position in American Software by 107.5% during the first quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after acquiring an additional 1,075 shares in the last quarter. Usca Ria LLC bought a new stake in American Software during the third quarter worth $29,000. Bank of Montreal Can raised its position in American Software by 206.5% during the second quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock worth $46,000 after acquiring an additional 2,387 shares in the last quarter. Aperio Group LLC bought a new stake in American Software during the second quarter worth $67,000. Finally, Russell Investments Group Ltd. bought a new stake in American Software during the third quarter worth $90,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

AMSWA traded down $0.08 during trading on Friday, reaching $16.89. The company had a trading volume of 62,300 shares, compared to its average volume of 74,593. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.60 and a quick ratio of 2.60. American Software has a 12 month low of $8.99 and a 12 month high of $17.11. The business’s fifty day moving average price is $15.81 and its 200 day moving average price is $14.25. The company has a market cap of $522.24 million, a P/E ratio of 60.32 and a beta of 0.53.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Thursday, November 21st. American Software’s dividend payout ratio is presently 157.14%.

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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Earnings History and Estimates for American Software (NASDAQ:AMSWA)

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