American Software (NASDAQ:AMSWA) announced its earnings results on Monday. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06, Fidelity Earnings reports. American Software had a net margin of 4.98% and a return on equity of 5.41%.
AMSWA opened at $20.33 on Wednesday. The firm has a market capitalization of $664.99 million, a price-to-earnings ratio of 99.20 and a beta of 0.50. American Software has a twelve month low of $13.25 and a twelve month high of $21.92. The stock’s 50-day simple moving average is $20.18.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 27th. Investors of record on Friday, August 13th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, August 12th. This represents a $0.44 dividend on an annualized basis and a yield of 2.16%. American Software’s payout ratio is presently 169.23%.
Several brokerages have recently issued reports on AMSWA. Sidoti lowered shares of American Software from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research report on Wednesday, February 10th. Zacks Investment Research upgraded shares of American Software from a “sell” rating to a “hold” rating in a research report on Tuesday, March 2nd. Finally, B. Riley lifted their target price on shares of American Software from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, February 18th.
About American Software
American Software, Inc develops, markets, and supports a range of computer business application software products and services in the United States and internationally. It operates in three segments: Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other. The SCM segment offers supply chain optimization and retail planning solutions, including sales and operations planning, demand optimization, inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization to streamline and optimize the forecasting, inventory, production, supply, allocation, distribution, and management of products between trading partners.
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