TSE:CSU FY2024 EPS Estimate Cut by National Bank Financial

Constellation Software Inc. (TSE:CSU) – Investment analysts at National Bank Financial reduced their FY2024 EPS estimates for Constellation Software in a research report issued to clients and investors on Sunday, November 10th. National Bank Financial analyst R. Tse now anticipates that the company will post earnings per share of $109.95 for the year, down from their prior forecast of $110.61. The consensus estimate for Constellation Software’s current full-year earnings is $55.46 per share. National Bank Financial also issued estimates for Constellation Software’s FY2025 earnings at $132.61 EPS.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets raised their target price on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a research note on Monday. National Bankshares lifted their price target on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. CIBC lifted their price target on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Raymond James lifted their price target on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a research note on Monday. Finally, Royal Bank of Canada lifted their price target on shares of Constellation Software from C$4,300.00 to C$4,700.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$4,800.00.

Constellation Software Trading Up 1.9 %

Shares of CSU opened at C$4,572.98 on Wednesday. The firm’s 50 day simple moving average is C$4,339.46 and its 200 day simple moving average is C$4,105.32. The company has a market capitalization of C$96.90 billion, a P/E ratio of 106.07, a P/E/G ratio of 2.95 and a beta of 0.81. The company has a debt-to-equity ratio of 151.81, a current ratio of 0.90 and a quick ratio of 0.55. Constellation Software has a 1-year low of C$3,050.30 and a 1-year high of C$4,600.00.

Constellation Software Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be issued a $1.353 dividend. This represents a $5.41 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend is Friday, December 20th. Constellation Software’s dividend payout ratio (DPR) is currently 12.95%.

Constellation Software Company Profile

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.