Absolute Software (ABT) Posts Quarterly Earnings, Hits Estimates
Absolute Software (TSE:ABT) posted its quarterly earnings results on Tuesday. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.02, Analyst Ratings Network.com reports.
A number of research firms have recently commented on ABT. Analysts at Scotiabank reiterated an “outperform” rating on shares of Absolute Software in a research note on Friday, July 25th. They now have a C$7.75 price target on the stock. Five investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of C$9.31.
Shares of Absolute Software (TSE:ABT) opened at 6.66 on Tuesday. Absolute Software has a 1-year low of $5.85 and a 1-year high of $8.10. The stock has a 50-day moving average of $6.84 and a 200-day moving average of $6.83. The company has a market cap of $290.7 million and a price-to-earnings ratio of 94.43.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 28th. Investors of record on Thursday, August 7th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Tuesday, August 5th.
Absolute Software Corporation (TSE:ABT) is engaged in providing software solutions for the security and management of computers and mobile computing devices.
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