Wall Street analysts forecast that American Software, Inc. (NASDAQ:AMSWA) will post earnings per share of $0.07 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Software’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.07. American Software reported earnings of $0.10 per share during the same quarter last year, which indicates a negative year over year growth rate of 30%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 19th.
On average, analysts expect that American Software will report full-year earnings of $0.27 per share for the current financial year. For the next fiscal year, analysts anticipate that the company will report earnings of $0.33 per share, with EPS estimates ranging from $0.31 to $0.35. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for American Software.
American Software (NASDAQ:AMSWA) last issued its earnings results on Thursday, November 21st. The software maker reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. American Software had a net margin of 6.51% and a return on equity of 7.76%. The business had revenue of $28.21 million for the quarter, compared to analysts’ expectations of $28.21 million.
AMSWA has been the topic of a number of analyst reports. Zacks Investment Research cut shares of American Software from a “hold” rating to a “sell” rating in a report on Tuesday, November 26th. BidaskClub cut shares of American Software from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. ValuEngine cut shares of American Software from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, B. Riley cut shares of American Software from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. American Software presently has an average rating of “Hold” and a consensus price target of $14.68.
Shares of AMSWA stock opened at $14.83 on Friday. The company’s fifty day simple moving average is $15.14 and its two-hundred day simple moving average is $14.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.74 and a quick ratio of 2.74. American Software has a 1 year low of $10.42 and a 1 year high of $17.11. The stock has a market capitalization of $478.80 million, a price-to-earnings ratio of 52.96 and a beta of 0.50.
In other news, President H Allan Dow sold 7,421 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $15.13, for a total transaction of $112,279.73. Following the completion of the transaction, the president now directly owns 63,575 shares in the company, valued at approximately $961,889.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 44,839 shares of company stock valued at $707,225 over the last 90 days. Company insiders own 11.19% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Usca Ria LLC bought a new stake in American Software in the third quarter worth $29,000. FMR LLC lifted its stake in American Software by 107.5% in the first quarter. FMR LLC now owns 2,075 shares of the software maker’s stock worth $25,000 after purchasing an additional 1,075 shares during the last quarter. Bank of Montreal Can lifted its stake in American Software by 206.5% in the second quarter. Bank of Montreal Can now owns 3,543 shares of the software maker’s stock worth $46,000 after purchasing an additional 2,387 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in American Software in the third quarter worth $90,000. Finally, JPMorgan Chase & Co. lifted its stake in American Software by 13.6% in the second quarter. JPMorgan Chase & Co. now owns 7,921 shares of the software maker’s stock worth $105,000 after purchasing an additional 946 shares during the last quarter. Institutional investors own 76.62% of the company’s stock.
About American Software
American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.
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