Raymond James Brokers Lift Earnings Estimates for Constellation Software Inc. (TSE:CSU)

Constellation Software Inc. (TSE:CSUFree Report) – Stock analysts at Raymond James upped their Q2 2024 earnings per share estimates for Constellation Software in a research note issued on Sunday, May 12th. Raymond James analyst S. Li now expects that the company will post earnings of $32.74 per share for the quarter, up from their prior estimate of $27.42. Raymond James currently has a “Market Perform” rating and a $3,800.00 target price on the stock. The consensus estimate for Constellation Software’s current full-year earnings is $112.77 per share. Raymond James also issued estimates for Constellation Software’s Q3 2024 earnings at $34.55 EPS, Q4 2024 earnings at $39.85 EPS, FY2024 earnings at $127.81 EPS and FY2025 earnings at $145.91 EPS.

Several other analysts have also weighed in on the company. Royal Bank of Canada boosted their price objective on Constellation Software from C$3,900.00 to C$4,300.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. CIBC boosted their price objective on Constellation Software from C$3,800.00 to C$4,100.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. BMO Capital Markets lifted their target price on Constellation Software from C$4,150.00 to C$4,300.00 and gave the company an “outperform” rating in a research note on Monday. Finally, TD Securities lifted their target price on Constellation Software from C$4,050.00 to C$4,150.00 and gave the company a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$4,008.33.

Check Out Our Latest Research Report on Constellation Software

Constellation Software Stock Down 1.7 %

Shares of Constellation Software stock opened at C$3,644.03 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 187.76. The firm has a market cap of C$77.22 billion, a P/E ratio of 99.18, a P/E/G ratio of 1.04 and a beta of 0.79. Constellation Software has a fifty-two week low of C$2,538.45 and a fifty-two week high of C$3,856.00. The business has a 50-day moving average price of C$3,694.70 and a 200 day moving average price of C$3,493.68.

Constellation Software (TSE:CSUGet Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported C$21.21 earnings per share for the quarter, missing the consensus estimate of C$24.21 by C($3.00). The firm 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%.

Constellation Software Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 20th will be given a dividend of $1.378 per share. The ex-dividend date is Thursday, June 20th. This is an increase from Constellation Software’s previous quarterly dividend of $1.36. This represents a $5.51 annualized dividend and a dividend yield of 0.15%. Constellation Software’s payout ratio is currently 14.97%.

Insider Transactions at Constellation Software

In other Constellation Software news, Director Claire Marie Catherine Kennedy acquired 15 shares of Constellation Software stock in a transaction dated Friday, March 22nd. The stock was acquired at an average cost of C$3,787.13 per share, for a total transaction of C$56,806.95. Following the completion of the transaction, the director now owns 67 shares in the company, valued at approximately C$253,737.71. In other Constellation Software news, Director Claire Marie Catherine Kennedy acquired 15 shares of Constellation Software stock in a transaction dated Friday, March 22nd. The stock was acquired at an average cost of C$3,787.13 per share, for a total transaction of C$56,806.95. Following the completion of the transaction, the director now owns 67 shares in the company, valued at approximately C$253,737.71. Also, Senior Officer John Edward Billowits sold 1,000 shares of the business’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 value of C$3,762,900.00. Insiders own 5.70% of the company’s stock.

About Constellation Software

(Get Free Report)

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.

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