Computer Modelling Group (CMG) Posts Quarterly Earnings, Misses Expectations By $0.11 EPS
Computer Modelling Group (TSE:CMG) issued its quarterly earnings data on Thursday. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.11, ARN reports.
A number of analysts have recently weighed in on CMG shares. Analysts at Acumen Capital raised their price target on shares of Computer Modelling Group from C$28.90 to C$32.70 in a research note on Friday, May 23rd. They now have a “buy” rating on the stock. On the ratings front, analysts at FirstEnergy Capital upgraded shares of Computer Modelling Group from a “market perform” rating to an “outperform” rating in a research note on Friday, May 23rd. They now have a C$36.00 price target on the stock, up previously from C$30.00. Finally, analysts at TD Securities downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating in a research note on Friday, May 23rd. They now have a C$31.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of C$29.67.
Computer Modelling Group (TSE:CMG) opened at 13.49 on Thursday. Computer Modelling Group has a one year low of $11.525 and a one year high of $15.735. The stock’s 50-day moving average is $14.34 and its 200-day moving average is $14.62. The company has a market cap of $1.060 billion and a P/E ratio of 39.55.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.85%.
Computer Modelling Group Ltd. (TSE:CMG) is a computer software technology company engaged in serving the oil and gas industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.