National Bank Financial Weighs in on Absolute Software’s FY2018 Earnings (ABT)

Absolute Software (TSE:ABT) – Equities research analysts at National Bank Financial cut their FY2018 EPS estimates for shares of Absolute Software in a report released on Tuesday. National Bank Financial analyst R. Tse now forecasts that the company will post earnings of $0.00 per share for the year, down from their previous estimate of $0.01. National Bank Financial currently has a “Sector Perform” rating and a $7.00 target price on the stock. National Bank Financial also issued estimates for Absolute Software’s FY2019 earnings at $0.03 EPS.

ABT has been the subject of a number of other research reports. BMO Capital Markets lowered their target price on shares of Absolute Software from C$8.00 to C$7.50 and set a “market perform” rating for the company in a research note on Wednesday. Canaccord Genuity lowered their target price on shares of Absolute Software from C$8.00 to C$7.50 in a research note on Tuesday, November 14th. TD Securities reduced their price target on shares of Absolute Software from C$8.00 to C$7.00 and set a “hold” rating for the company in a research report on Tuesday, November 14th. Finally, Imperial Capital cut shares of Absolute Software from an “outperform” rating to an “in-line” rating in a research report on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Absolute Software presently has a consensus rating of “Hold” and a consensus price target of C$7.63.

Absolute Software (TSE ABT) traded down C$0.03 during trading hours on Thursday, hitting C$6.80. 6,710 shares of the company’s stock traded hands, compared to its average volume of 52,317. The firm has a market capitalization of $273.59, a P/E ratio of -75.89 and a beta of 0.60. Absolute Software has a fifty-two week low of C$6.60 and a fifty-two week high of C$8.82.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 2nd will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, February 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.71%. Absolute Software’s dividend payout ratio (DPR) is -270.55%.

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About Absolute Software

Absolute Software Corporation is engaged in the development, marketing and support of endpoint security and data risk management solutions to commercial, healthcare, education and government customers. The Company operates through Data and Device Security segment. The Company offers solutions for devices, such as computers, laptops, tablets and smartphones.

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