National Bank Financial Weighs in on Constellation Software Inc.’s Q1 2024 Earnings (TSE:CSU)

Constellation Software Inc. (TSE:CSU) – Investment analysts at National Bank Financial boosted their Q1 2024 earnings estimates for shares of Constellation Software in a research report issued to clients and investors on Wednesday, April 17th. National Bank Financial analyst R. Tse now forecasts that the company will post earnings of $23.95 per share for the quarter, up from their previous forecast of $23.72. The consensus estimate for Constellation Software’s current full-year earnings is $111.75 per share.

Constellation Software (TSE:CSU) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$21.21 earnings per share (EPS) for the quarter, missing the consensus estimate of C$24.21 by C($3.00). The business had revenue of C$3.16 billion during the quarter, compared to the consensus estimate of C$3.08 billion. Constellation Software had a net margin of 6.72% and a return on equity of 3.18%.

CSU has been the topic of several other research reports. Raymond James upped their target price on shares of Constellation Software from C$3,150.00 to C$3,800.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. CIBC upped their target price on shares of Constellation Software from C$3,800.00 to C$4,100.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Royal Bank of Canada upped their target price on shares of Constellation Software from C$3,900.00 to C$4,300.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. TD Securities increased their price objective on shares of Constellation Software from C$3,900.00 to C$4,050.00 and gave the stock a “hold” rating in a report on Thursday, March 7th. Finally, BMO Capital Markets increased their price objective on shares of Constellation Software from C$3,600.00 to C$4,150.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Constellation Software currently has a consensus rating of “Moderate Buy” and an average price target of C$3,966.67.

Constellation Software Trading Down 1.0 %

Shares of Constellation Software stock opened at C$3,661.67 on Friday. The firm has a market capitalization of C$77.59 billion, a PE ratio of 100.24, a price-to-earnings-growth ratio of 1.04 and a beta of 0.79. The company has a debt-to-equity ratio of 187.76, a current ratio of 0.61 and a quick ratio of 0.55. The company’s fifty day moving average price is C$3,708.95 and its two-hundred day moving average price is C$3,389.66. Constellation Software has a 52-week low of C$2,499.99 and a 52-week high of C$3,856.00.

Insider Buying and Selling at Constellation Software

In other news, Director Claire Marie Catherine Kennedy purchased 15 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average cost of C$3,787.13 per share, for a total transaction of C$56,806.95. Following the transaction, the director now directly owns 67 shares of the company’s stock, valued at approximately C$253,737.71. In other news, Director Claire Marie Catherine Kennedy purchased 15 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average cost of C$3,787.13 per share, for a total transaction of C$56,806.95. Following the transaction, the director now directly owns 67 shares of the company’s stock, valued at approximately C$253,737.71. Also, Senior Officer John Edward Billowits sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$3,762.90, for a total transaction of C$3,762,900.00. Corporate insiders own 4.65% of the company’s stock.

Constellation Software Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were given a dividend of $1.358 per share. The ex-dividend date was Wednesday, March 27th. This represents a $5.43 dividend on an annualized basis and a yield of 0.15%. Constellation Software’s payout ratio is presently 14.84%.

About Constellation Software

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.