National Bank Financial Comments on Absolute Software’s FY2018 Earnings (ABT)
Absolute Software (TSE:ABT) – Analysts at National Bank Financial issued their FY2018 earnings per share (EPS) estimates for shares of Absolute Software in a research report issued on Thursday. National Bank Financial analyst R. Tse forecasts that the company will earn $0.01 per share for the year. National Bank Financial has a “Sector Perform Overweight” rating on the stock.
Several other analysts also recently commented on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a C$8.50 target price on shares of Absolute Software in a report on Friday. Canaccord Genuity downgraded shares of Absolute Software from a “buy” rating to a “hold” rating and lowered their target price for the company from C$9.00 to C$8.00 in a report on Friday. Pi Financial lowered their target price on shares of Absolute Software from C$9.00 to C$8.75 in a report on Friday. Finally, Scotiabank increased their target price on shares of Absolute Software from C$7.50 to C$8.00 and gave the company a “sector perform” rating in a report on Tuesday, May 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Absolute Software currently has a consensus rating of “Hold” and a consensus price target of C$7.71.
Shares of Absolute Software (TSE ABT) opened at 7.46 on Monday. The firm has a 50-day moving average of $7.94 and a 200 day moving average of $7.65. The firm’s market capitalization is $295.24 million. Absolute Software has a 52 week low of $5.81 and a 52 week high of $8.36.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 4th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Wednesday, August 2nd. This is a positive change from Absolute Software’s previous quarterly dividend of $0.07.
About Absolute Software
Absolute Software Corporation develops, markets, and supports endpoint security and data risk management, and endpoint management solutions for desktops, laptops, tablets and smartphones in Canada, the United States, and internationally. It operates through two segments, Data and Device Security, and Endpoint and Service Management.
Receive News & Ratings for Absolute Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Absolute Software and related companies with MarketBeat.com's FREE daily email newsletter.