Simulations Plus (NASDAQ:SLP) Releases Earnings Results, Beats Estimates By $0.01 EPS

Simulations Plus (NASDAQ:SLP) issued its quarterly earnings results on Thursday. The technology company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01, Fidelity Earnings reports. Simulations Plus had a return on equity of 24.57% and a net margin of 25.27%. The business had revenue of $9.40 million for the quarter, compared to the consensus estimate of $8.37 million.

Shares of NASDAQ SLP opened at $34.51 on Friday. The business’s 50-day moving average price is $32.91 and its two-hundred day moving average price is $34.09. Simulations Plus has a one year low of $18.21 and a one year high of $41.95. The company has a market capitalization of $539.30 million, a P/E ratio of 71.90 and a beta of -0.41.

A number of brokerages have recently weighed in on SLP. ValuEngine downgraded Simulations Plus from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Craig Hallum began coverage on Simulations Plus in a research note on Monday. They issued a “buy” rating and a $40.00 target price on the stock. Zacks Investment Research upgraded Simulations Plus from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Wednesday, October 30th. Finally, BidaskClub downgraded Simulations Plus from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Simulations Plus has a consensus rating of “Hold” and a consensus target price of $39.00.

In other Simulations Plus news, Director Walter S. Woltosz sold 24,000 shares of the business’s stock in a transaction dated Sunday, October 27th. The stock was sold at an average price of $33.45, for a total value of $802,800.00. Following the transaction, the director now owns 5,063,918 shares in the company, valued at $169,388,057.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 31.57% of the company’s stock.

Simulations Plus Company Profile

Simulations Plus, Inc develops drug discovery and development software for mechanistic modeling and simulation, and machine-learning-based prediction of properties of molecules from their structure worldwide. The company offers GastroPlus, which simulates the absorption, pharmacokinetics (PK), pharmacodynamics, and drug-drug interactions of compounds administered to humans and animals; DDDPlus that simulates in vitro laboratory experiments that measure the rate of dissolution of the drug and additives in a dosage form; and MembranePlus, which simulates laboratory experiments.

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Earnings History for Simulations Plus (NASDAQ:SLP)

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