What is Raymond James’ Forecast for TSE:CSU FY2024 Earnings?

Constellation Software Inc. (TSE:CSU) – Equities researchers at Raymond James raised their FY2024 earnings estimates for Constellation Software in a research note issued on Sunday, November 10th. Raymond James analyst S. Li now expects that the company will post earnings per share of $106.91 for the year, up from their prior forecast of $106.74. The consensus estimate for Constellation Software’s current full-year earnings is $55.46 per share.

Several other equities research analysts have also issued reports on CSU. National Bankshares lifted their price target on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their target price on shares of Constellation Software from C$4,300.00 to C$4,700.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. TD Securities boosted their price objective on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a report on Monday. CIBC boosted their price objective on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Finally, BMO Capital Markets boosted their target price on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a research report on Monday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Constellation Software has an average rating of “Moderate Buy” and an average price target of C$4,800.00.

Constellation Software Trading Up 1.9 %

Shares of TSE:CSU opened at C$4,572.98 on Wednesday. Constellation Software has a 12 month low of C$3,050.30 and a 12 month high of C$4,600.00. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 151.81. The company’s fifty day simple moving average is C$4,339.46 and its 200 day simple moving average is C$4,105.32. The firm has a market cap of C$96.90 billion, a price-to-earnings ratio of 106.07, a PEG ratio of 2.95 and a beta of 0.81.

Constellation Software Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be given a dividend of $1.353 per share. This represents a $5.41 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Friday, December 20th. Constellation Software’s dividend payout ratio is 12.95%.

About Constellation Software

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.