Equities research analysts expect American Software, Inc. (NASDAQ:AMSWA – Get Rating) to report earnings of $0.08 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for American Software’s earnings, with estimates ranging from $0.07 to $0.08. American Software posted earnings per share of $0.11 during the same quarter last year, which would suggest a negative year-over-year growth rate of 27.3%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that American Software will report full-year earnings of $0.41 per share for the current financial year. For the next year, analysts expect that the business will report earnings of $0.40 per share, with EPS estimates ranging from $0.38 to $0.42. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for American Software.
American Software (NASDAQ:AMSWA – Get Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. American Software had a net margin of 10.09% and a return on equity of 9.77%. The business had revenue of $32.42 million during the quarter, compared to the consensus estimate of $30.27 million. During the same quarter last year, the company posted $0.07 earnings per share.
A number of equities analysts have recently commented on AMSWA shares. Zacks Investment Research lowered shares of American Software from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th. StockNews.com raised shares of American Software from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 25th. Finally, B. Riley decreased their price target on shares of American Software from $24.50 to $23.00 in a research note on Thursday, February 24th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $30.25.
Institutional investors have recently modified their holdings of the business. Eagle Bay Advisors LLC purchased a new position in American Software during the 3rd quarter valued at $38,000. FMR LLC boosted its holdings in shares of American Software by 107.5% during the 1st quarter. FMR LLC now owns 2,075 shares of the software maker’s stock valued at $25,000 after buying an additional 1,075 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of American Software by 387.2% during the 3rd quarter. Advisor Group Holdings Inc. now owns 3,118 shares of the software maker’s stock valued at $74,000 after buying an additional 2,478 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of American Software by 308.4% during the 3rd quarter. Macquarie Group Ltd. now owns 3,753 shares of the software maker’s stock valued at $89,000 after buying an additional 2,834 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in shares of American Software by 448.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 4,221 shares of the software maker’s stock valued at $100,000 after buying an additional 3,451 shares in the last quarter. 84.36% of the stock is currently owned by institutional investors and hedge funds.
Shares of AMSWA traded down $0.25 during trading hours on Friday, hitting $17.10. The company’s stock had a trading volume of 185,202 shares, compared to its average volume of 71,772. The company has a market cap of $573.88 million, a price-to-earnings ratio of 46.22 and a beta of 0.73. The business has a 50 day simple moving average of $20.20 and a two-hundred day simple moving average of $23.48. American Software has a 52-week low of $17.08 and a 52-week high of $33.26.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 20th. Shareholders of record on Friday, May 6th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, May 5th. American Software’s payout ratio is currently 118.92%.
About American Software (Get Rating)
American Software, Inc develops, markets, and supports a range of computer business application software products in the United States and internationally. It operates through three segments: Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other. The SCM segment provides demand optimization, inventory optimization, supply optimization, retail optimization, quality and compliance, PLM, sourcing management, and integrated business planning services.
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